We all have to have a bank account these days. The days of getting your wages in cash are long gone. So we are all at the mercy of the banks. I changed jobs recently and when asked for my bank details gave one digit wrong. Pay check was returned from bank. I was told it had goine in, went shopping and was charged £75 for every transaction I made with my card. (one transaction was for £9.99. Total charges £75 - for three small transactions, less than £100 overdrawn.
2006-11-04 04:37:28 · 12 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
People have been trying to take the banks on for years for all the rubbish they put us through. One being that If a person wires money into your account, it comes straight out of their account, the bank puts it for a few days into a limbo account, so they make money on it,(they have had to produce a programme that diverts it from going straight into the other account) then it appears into your account days later. With electronic money transfer, there is no excuse for this! The banks have the government in their pockets. So nothing will change.
2006-11-04 04:57:04 · answer #1 · answered by Anonymous · 1⤊ 1⤋
There are a few things to consider.
I hope you have learnt to use telephone/internet banking or at least the balance option on a cash machine to keep a check on your finances
If it was the first time you have done overdrawn/over your limit then you stand a good chance of getting the charges refunded if you are firm but polite.
Call them up, and I would add if you do get through to someone who doesn't sound sympathetic then ask to speak to a supervisor, as they have more authority.
Don't. whatever you do though, be rude, as it will acheive nothing, as the staff are not to blame for the companies policies, and it will only make them less likely to give you a refund.
2006-11-04 06:50:18 · answer #2 · answered by Vicky M 2 · 0⤊ 0⤋
It does seem fantastic that banks get away with so many wrong-doings.
Here in Spain, apart from a whole bunch of charges for all sorts of things that are their job anyway, you get that whole sub-world of electronic transfers. How can it take days for an electronic fund transfer to be confirmed? They sit on the money and make money with it while it is shunted out of the way, making "checks" to make sure it wasn't a mistake and no one gets the interest on that money.
Gosh, one could continue railing till the cows died in the fields but yes, why do banks get away with stuff that would shut down any other customer orientated company?
2006-11-04 05:02:24 · answer #3 · answered by NotsoaNonymous 4 · 0⤊ 0⤋
Here there is a 24 hr grace period before penalties are instituted. I shopped and went over by $8. When I checked the acct I had been charged a $32 fee so I called in to find out why since I have direct deposit and it was within 9 hours of the purchase. The rep told me that it wasn't the LAST purchase that I was charged for but for one that I'd made on the previous Saturday and that it hadn't gone in until Tuesday, BUT I knew since it had gone in on Tuesday I was still within the grace period because of the direct deposit going in within 24 hours of the charges posting. Try as they could they could not get around that fact and I was reimbursed the $32. It was theft period and if I hadn't caught it they would have gotten away with it. I'm sure they have done it with other customers who would not question the legitimacy of it because you are SUPPOSED to be able to trust your bank!
2006-11-04 04:53:35 · answer #4 · answered by Anonymous · 1⤊ 1⤋
Hey they have all the money and what can you do except go to another and they will find another way to rip you of.
Banks like to make money too so they can pay their big bosses the incredible wages they demand.
2006-11-04 04:42:30 · answer #5 · answered by Steven W 3 · 1⤊ 1⤋
what bank are you dealing with. Many banks now have overdraft protection, so this will not occur. Or you can have it taken out of your savings. You might try calling you bank and explaining what happened many banks will do a one time courtesy move and take them off. Good Luck
2006-11-04 04:40:28 · answer #6 · answered by Lakeside5 2 · 1⤊ 1⤋
Don't charge anything until you know the money has been confirmed in the bank. Not just because you were "told" it had gone in.
Hopefully you gained a little wisdom.
.
2006-11-04 04:40:27 · answer #7 · answered by nbasuperdupe 3 · 1⤊ 1⤋
I strongly suggest you to pay your £9.99 transactions with CASH.
2006-11-04 13:50:41 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Clever crooks are just ripping off every one
try paying cash,that's what i do
2006-11-04 04:48:17 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Natwest keep taking money out of my sisters account for no apparent reason!.....no cheques, standing orders or DD's were due out...she has yet to contact them on this matter.......happened to someone else too!
2006-11-04 04:57:08 · answer #10 · answered by Just passing the time! 5 · 1⤊ 1⤋