HSBC anyone had extortionate bank charges off them ?

Answer 1

I think the banks have been taking too much of a lead from our government, and are a good example of rip off britain.

They don't have the right to fine you no matter how many cheques you bounce. They can make a reasonable charge for the administration involved, but they are guilty of making excess charges for simple transgressions, and thats not allowed.

If they want to make a point then they are within their rights to close your account, but they know that they make too much from you the longer you are in debt, so actively market more and more borrowing to you.

Answer 2

I work in a bank call centre and have to listen to people whining every day about paying charges. Yes, it can be a lot of money....

But, here's the big surprise, don't think a lot of people are aware of this. Banks are businesses and have shareholders! It's not a free service, they're in the business of making money just like Tesco, Vodafone, or any other company you deal with. And.... all customers are aware of the charges BEFOREHAND!

I have some really helpful tips:

1. Don't go overdrawn (ie spend money that doesn't belong to you, without agreeing an authorised limit first).

2. Don't arrange payments like direct debits unless you have the money to pay for them.

Not rocket science really. The thing is, anyone can make a mistake and I know with a lot of banks, the first time you make a mistake and go overdrawn without authorisation, if you plead your case, they'll usually waive the charge. If it's not the first time, well tough, you'll soon learn not to do it again.

Answer 3

The real answer to this question is not to be in a position to be needing to pay bank charges...you only have X amount of pounds, live accordingly and dont overspend, then you won't be bouncing cheques and direct debit payments. Writing a cheque knowing there isnt enough money is actually a criminal offence, hwoever, you are lucky in the UK that the banks don't do anything other than fine you, here in Spain, and in France, you can get 6 months for doing that!

Answer 4

Not HSBC, but I've had extortionate charges off my bank . All banks specialise in ripping people off with their charges these days!

Answer 5

HSBC charged me £75 one month following on from £50 the previous month.
I managed to get the £75 reversed though.

Answer 6

No good moaning about bank charges - if you don't overdraw without authorisation or bounce cheques all over the place they cannot charge you. So don't moan its your own fault for the charges. If you don't give them the opportunity they cannot charge you extortionate charges.

Answer 7

hi, It shoudl be spoke of that you gained't get funds back now, it's going to be made on the end of the OFT court case which could bypass on till early 2010. in case you owe them funds, they are going to easily offset what you owe. If no longer then it is going to maximum in all probability be transferred immediately into your economic organization account. to % up the approach you may make a difficulty declare, and when you're in extreme economic difficulty they ought to evaluation your declare now.

Answer 8

ABBEY is as bad.... £35 every time for a d'debit/cheque bounce.... and £20 each time you go overdrawn...
wondered how the institutions make money... Nationwide is the best one....

Answer 9

I use Barclays. They're alright, and they gave me a credit card with a 3 and a half grand limit on it. Woohoo!

Whats that? You want the card number, security code on back strip, and pin number??

Alright, I'll e mail them later.....

Answer 10

Yes. But I am going to attempt to get them back using the new legislation.