HSBC charged me £150 arrangement fee?

Question

I am going to pop in on my way to work but i have a graduate account with year 2 £1000 overdraft, i am at £2000 though and have been charged an arangement fee of £150. is this right. DOes anyone recomend claiming all my charges back like many have?

Answer 1

Young man, there's a place you can go
I said, young man, when you're short on your dough
You can bank there, and I'm sure you will find
Many ways to have a good time

{Refrain}
It's fun to bank at the HSBC
It's fun to bank at the HSBC
They have everything for a man to enjoy
You can hang out with all the boys
It's fun to bank at the HSBC
It's fun to bank at the HSBC
You can get yourself seen, you can have a good deal
You can do whatever you feel

Answer 2

Change your bank, the HSBC are probably one of the worst banks available to custymers in the UK.

I have been battling with them for over three years now, I had an account with them for over twenty years, asking nothing from them, and receiving nothing in return.

I had owed them money on an overdraft, I paid it, they claimed I didn't and notified the credit reference agencies, this lead to my credit cards, again had for twenty years being cancelled, and if I had not had another account with another bank, I would not have been able to work as I could not have received my wages.

Because of the action taken I also suffered a default on my mortgage.

They have paid back charges, but still maintain they are correct in saying that I did not pay the money back, and that it is still owed, yet even statements at the time show it was paid.

The whole thing is now going to court and has cost me thousands, I am expected to win, but financially my life has been put on hold for three years, at 43, this is not nice.

SWuggest you go to Nationwide, out of the big banks, well they are more or less all the same, but Nat West I understand is better with students, ask around.

And yes, claim back that fee, £150 to press a button on a computer! If I was paid that I would be a billionaire by now.

Answer 3

The fee is for arranging your new overdraft limit - which presumably you ran up without asking first? Banks have to claim their costs back somehow. Charges are clearly set out. If you thought you could get away with it, you were wrong.
I never go overdrawn because I watch what I spend and when I spend it. That way I pay no charges. I don't have the latest ipod or laptop or plasma HD ready TV. I run a 7 year old car. But I live very comfortably all the same.
If you claim back your charges - which you incurred - then it's people like me who will end up coughing up for them in the way of rubbish interest rates.

Answer 4

It's only OK if they told you up front .. check the paperwork (it's usually hidden in the 'Terms & Conditions' booklet they send when you open an account = and whihc must people promptly throw away).

You can still try to claim it back on the grounds that it's 'unreasonable', HOWEVER (if you win) & you OWE THEM money, they can ask for that back inmmediatly (and refuse to lend to you again - or even close your account).

Answer 5

I am a Pensioner,
and have little money to play with' I recently sent a deposit cheque for a caravan holiday,,
To my horror my cheque was lost in the post, I immediately asked my local HSBC to cancel it.
.The person pushed a key on the computer, and was I charged 10 pounds for that press of a button,
,that was my spending money on my small pension