Bank Charges

[H18sry]

I have noticed that the Bank of Scotland have dropped there charges down to £15.00 :agree:

Does anybody think that it is in the wake of people claiming back charges from the bank's that were unfair in the past[£39.00]

[MSK]

I have noticed that the Bank of Scotland have dropped there charges down to £15.00 :agree:

Does anybody think that it is in the wake of people claiming back charges from the bank's that were unfair in the past[£39.00]Possibly, but if you ask me £15 is still excessive ...:agree:

[malcky]

just got hit for £35 times 3 for going over o/d limit that was HBOS:brickwall

[millarco]

They are a bit excessive, but surely that should act as a deterrent. If they were minimal then people wouldn't bother with them and wouldn't be overly fussed with spending more than they can afford; Hearts on a personal level if you like.

There are obviously special circumstances a lot of the time, but banks should only be refunding charges if it was a bank error. It normally shouldn't be too hard to stay within the scope of your spending power.

[julz]

They are a bit excessive, but surely that should act as a deterrent. If they were minimal then people wouldn't bother with them and wouldn't be overly fussed with spending more than they can afford; Hearts on a personal level if you like.

There are obviously special circumstances a lot of the time, but banks should only be refunding charges if it was a bank error. It normally shouldn't be too hard to stay within the scope of your spending power.

I am a student and only work part time and I am mostly careful with my spending on my current account

However I paid for 2 tickets for the dominion cinema in mid May for the money to only come out on thursday. luckly I checked to see if a DD came out the same day and noticed I was over my limit and could put money in

Some people do generally willy nilly spend but sometimes, like you say, it is unfortunite and banks just dont give a toss. I think RBS is about £30, so £15 is much more manageable I just find £30 a bit hard to swollow when a report came out saying it only costs banks £4 to process everything.

I was thinking of moving to HBOS as I'm moving to Ireland and they dont have RBS, but might think again if thats their charge rate :bitchy:

[Ally]

There's been a lot of chat about bank charges lately, especially with people moaning about how unfair they are. Obviously you might go over now and again accidentally simply by messing up some figures and usually the bank will just refund that charge. It's the people who continually go over who can't really make a case for their defence but still have a go at the banks all the time.

[Sprouleflyer]

If banks are forced to withdraw charges, then we can all expect to pay for our current accounts.

I think the UK is one of a very few countries where you can get a free bank account.

I agree that the amount of the charges is a bit excessive but as millarco pointed out the charges have to be a deterrent.

I hope that I don't end up having to pay for my current account :brickwall

[julz]

If banks are forced to withdraw charges, then we can all expect to pay for our current accounts.

I think the UK is one of a very few countries where you can get a free bank account.

I agree that the amount of the charges is a bit excessive but as millarco pointed out the charges have to be a deterrent.

I hope that I don't end up having to pay for my current account :brickwall

dont most people already 'pay' for their current account, i.e with interest?

wouldnt we have to start paying for things like statements and reprinting of lost cards ect?

[hibsdaft]

charging £30 for people going over their limit is illegal - the banks are only allowed to charge the customer for additional expenses ie the letter they send the customer telling them they've gone over the limit, which is probably going to be a few quid.

regardless of the circumstances of the individuals going over the limit it is not they who are breaking the law and the individual would imho be mad not to claim the illegal charges back, as is their right.