i have just been charged £30 from lloyds tsb for going overdrawn by 3p.been on the phone and was told as soon as you go over by 1p you are charged. how can this be justified?
2007-08-02 23:16:27 · 10 answers · asked by Anonymous in News & Events ➔ Other - News & Events
thanks jack h i will give it a go.x
2007-08-03 02:19:53 · update #1
jerry s. thanks for your kind words of support. :)
2007-08-03 02:20:41 · update #2
i had to pay about €20 one day to close an account where i used to live. needless to say they had some bs excuse. i get free banking at the moment on my current account cos i make one payment each by laser and online every quarter. so that saves me €20-30 a quarter. and i didn't get charged for going overdrawn once. i think i should have though, the free charges dont cover this. i am with aib in ireland but maybe if you shopped around you could get a better deal.
2007-08-02 23:23:52 · answer #1 · answered by Anonymous · 3⤊ 0⤋
I think if your overdrawn you should be charged a very high interest rate not the single fee rate.
What pisses me off most is all the interact charges , withdrawals through stores. They have the use of my money and then when I want to use it they charge me? That 's so wrong. You can't even earn money and say it's yours anymore. Better of socking it under the mattress!!!!
2007-08-03 12:33:47 · answer #2 · answered by reinformer 6 · 0⤊ 0⤋
You can go to the Financial Ombudsman normally and get them to force the bank to refund charges that are clearly unreasonable - but there is now a 'test case' going through the courts at the moment which means they aren't dealing with any more bank charging issues until it is resolved.
So the bank thinks it can keep your money.
2007-08-03 02:53:05 · answer #3 · answered by LongJohns 7 · 0⤊ 0⤋
Banks are getting very agressive in their charges. One new wrinkle is to allow overdrafts at ATM's. ATM's used to not dispense funds beyond the account balance, but some bank mogul discovered that this was a great way to make money. The overdrw charge is a legal way to charge huge interest on a short term loan. It used to be called usury, and was illegal.
2007-08-03 01:46:08 · answer #4 · answered by fangtaiyang 7 · 3⤊ 0⤋
Here in the republic of Ireland we have the same problem. I don't understand why banks charge so much anyway. I think everyone is in the same situation as you getting badly stung by these so call charges. It is good to see people have noticed and are fighting back.
2007-08-03 03:36:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Best bet is to get over draft protection, then you will not be charged for being overdrawn. It costs a few Penny's a month but is well worth it.
2007-08-03 00:01:20 · answer #6 · answered by evildragon1952 5 · 2⤊ 0⤋
Claim your charges back, everyone else is, some banks are paying out some are holding on, it's well worth it though,
2007-08-03 01:20:30 · answer #7 · answered by Anonymous · 2⤊ 0⤋
Dont go over drawn it seems straight forward enough. If the speed limit say 30, thats it 30 not 31 or 33. You have done the crime now do the time and quit whinging.
2007-08-02 23:22:20 · answer #8 · answered by Anonymous · 0⤊ 4⤋
they are stinging every body and im glad people are fighting back.
2007-08-02 23:23:44 · answer #9 · answered by Lynn C 4 · 3⤊ 0⤋
do not go.
2007-08-02 23:23:31 · answer #10 · answered by Anonymous · 0⤊ 1⤋