Re: Overdrawn freeloaders to get money back

On Fri, 25 Apr 2008 08:25:39 -0700 (PDT), Mel Rowing
<mel.rowing@xxxxxxxxxxxxxx> wrote:

On Apr 25, 3:30 pm, MM <kylix...@xxxxxxxxxxx> wrote:
On Fri, 25 Apr 2008 05:36:26 -0700 (PDT), Mel Rowing





<mel.row...@xxxxxxxxxxxxxx> wrote:
On Apr 25, 1:13 pm, Maria <i...@xxxxxxxxxxxxx> wrote:
On Apr 25, 12:55 pm, Mel Rowing <mel.row...@xxxxxxxxxxxxxx> wrote:

On Apr 25, 9:49 am, MM <kylix...@xxxxxxxxxxx> wrote:

Maybe. But that doesn't give the banks carte blanche to rip off
people. What the banks have been doing is totally disproportionate,
equivalent to the government demanding £2000 fines for exceeding the
speed limit by 3 mph.

Is it just me but don't others get these tables of charges from their
banks from time to time? Tables which tell you exactly the amount you
will be charged should you err in certain ways. Don't the tables
amount to terms and conditions of business?

Of course there is an alternative and that is not to allow customers to
move into an unauthorised overdaft position at all. rather to bounce
cheques, refuse to meet payments on direct debit arrangements, leave
one standing at an ATM at 6 o' clock on a Friday night without funds
or even dump non-profitable customers altogether.

Which is the worse of two evils?

Isn't the issue here not that the charge is inappropriate, but that it
is simply too high? The issue is the fairness of the amount charged,
not charging for it in the first place

They are penal and are surely intended to be and why not?

There is no human right to dip into a bank's vaults. Banks are
businesses and just like any other business the exist to make money.
Chasing errant customers costs money.

Speaking persoanlly my current account carries with it a £1000
overdraft facility not because I need it, not because I ever use it, I
don't! But simply because I have the security and peace of mind  that
24/7 I can put my hands on a serious amount of money should the need
arise.

There's no reason on earth why others should not do the same.

One thing is for sure, banks are not the kind of people who will run
unprofitable customers as some kind of public service. Neither should
they.

You seem to have some difficulty understand the difference between
charging a reasonable amount to advise customers that they are now
overdrawn, and hitting them with a massive £35 charge while claiming
that it is fair. It isn't, and the banks deserve their spell in the
headlights. Let's hope a gaggle of lampers get 'em right between the
eyes!

Of course if a customer realised, as he should, that he was going to
run into an overdraft then he could always drop into the bank and make
an arrangement or negotiate a personal loan. Then the £35 would not be
charged.

It's to do with personal budgeting.

And what if a electricity or gas supplier makes a mistake and takes
out a huge amount that the customer had not budgeted for? Some months
ago I had a massive £200-odd electricity bill, because the tossers at
Southern Electric had misread my meter. The correct bill was nearer to
£90. Now since I pay in cash or by cheque, I didn't have the problem
of going overdrawn, but I'll bet many DD payers would in a similar
situation.

MM
.

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