Re: FT: Banks on the back foot over overdrafts

Andy Pandy <spam8times@xxxxxxxxxxxxxxxxxxxxxx> wrote:

This is the part I don't get. I'd have thought that taking money
from a bank without permission would be straight-out bank robbery.
The banks ought to take a harsh line and say "Pay up or we prosecute
and sling your sorry ass in jail."

You're trolling, right?

Moi? I never troll.

Most unauthorised overdrafts are due to a mistake made by the
customer. Nobody with any sense would deliberately exceed their
overdraft limit, unless they were desperate and had no other line of
credit (even borrowing on a credit card would be cheaper).

I'm sure quite a few folks who hold up banks are desperate. being
desperate doesn't make it OK to take other people's money.

What do you think should happen to banks who make a mistake? Should
the managing director go to jail if they lose a cheque?

Losing someone's money is not the same as taking someone's money without
permission. In any other circumstance, we'd make no bones about calling
it theft.

FoFP
.

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