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[STMO999]

If your waiting on a refund of bank charges, hard cheese.
The 'Supreme court' has allowed the banks' appeal. Bit unexpected to say the least.

[jerry]

Yeah, just seen this, does seem to go a bit against the grain of rulings at the moment, but then the poor old banks have got to recoup some of their losses I suppose

[LaserLance]

Bet they still wham withdrawl charges ups ,which all the papers quoted about the last couple of days, also heard on the radio today that the Bank of England is still lending billions to the banks, so who will pay for their ineptitude in the long run ......us the customers

[Harison213]

Yeah, just seen this, does seem to go a bit against the grain of rulings at the moment, but then the poor old banks have got to recoup some of their losses I suppose

oh yeah : take a look here
"Compensation experts estimate that bonuses will increase an average of 45% from last year's dismal numbers, when the banking industry was in the throes of crisis."

[Lazydocker]

Not really a surprise... The government have bailed out the banks and own large proportions of them... The banks stood to have to repay £Billions so the government have done them a favour

rather thieving, robbing gits

[Kevin Wood]

Many would, no doubt, vote with their feet.. If the only alternative wasn't "under the mattress".

Kevin

[jerry]

Not really a surprise... The government have bailed out the banks and own large proportions of them... The banks stood to have to repay £Billions so the government have done them a favour

rather thieving, robbing gits

Er, no arguments here ....sadly, its never been any different though and when their own greed gets the better of them its always the customers/taxpayers who bail them out

[Varche]

Wait till those of you with Uk bank accounts owned  by Spanish banks see Spanish practices brought in. Then you will see real charges for all sorts of stuff.

Even if the ruling had gone the other way, lets face it they would still have got the money back somehow.

[HolyCount]

Try bouncing a cheque on a french bank -- it comes back to you with a Gendarme attached !!!!

[SJKOO01]

What did anyone expect, you should have known that the banks weren't going to have pay back the money, they always get away with robbing us !.
Plus the government have too many pals in the city / banking industry, that's why don't have the hard laws that we really could do with.

Like someone has already said, watch the bank still ramp up the charges, as it's been "a try to take us one, watch us screw you more now we've got away with it - AGAIN".

Somehow, something tells me that Labour aren't going to get in again in a few months time seeing as they've let us down time and time again - There own fault !.

[STMO999]

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

[Ken T]

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

I think the thing was that charges have to be reasonable, and reflect a true cost of the overdraft, which their's plainly weren't.

Having been caught by charges pushing us over next month and hence more charges I am not exactly happy with the incompetant, thieving, useless B******* 

Ken

[SJKOO01]

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

Yes, I hear what your saying ST, but is it not our money that is now supporting the banks, look how much money is being ploughed into supporting them, so I'm effectively having my money (paid into the governments account via taxes, national insurance, etc), paid into my bank to take my money back out, then if I'm even a day over due that I normally wouldn't be, that I'm told "tough" you've got to pay us extra for your 24Hr error.

Well maybe now I ought to charge the bank £100 per letter of mine, when I've spotted one of their errors, and want it correcting, and charge interest for everyday that the "$%&*'s" fail to do something about it !!.

I can understand why people are starting to go back to the mattress idea.  :-?

[albitz]

I  think there is some confusion in the postings here between High st. banks and investment banks.
It is the High st. banks which seem to take pleasure in crapping on their customers from a great height (although stmo does have a point).It was also the high st. banks which got themselves involved in investment banking and then had to be bailed out by the taxpayer.
Most people have never heard of most of the investment banks,but it was they who made the profits which fuelled the boom which a lot of people have been living in for the last decade,and they are the banks which didnt take any taxpayers money and are still making reasonable profits today.If they want to pay their employees any amount of money ,its between them and their employee and no-one elses business imo.

[STMO999]

I'm afraid I'm going to go against the concensus here. You have a contract with the bank, the terms and conditions of your account. If those T&C's say that if you go overdrawn, we will charge you £X, then that is all they need to tell you.
If you want to continue using their money, rather than your own, knowing full well the consequences, then that is up to you.
As the banks always say, if you dont like it, close your account and go elswhere.

I think the thing was that charges have to be reasonable, and reflect a true cost of the overdraft, which their's plainly weren't.

Having been caught by charges pushing us over next month and hence more charges I am not exactly happy with the incompetant, thieving, useless B******* 

Ken

The cost which they choose to place on any of their services is no different to what any plumber/electrician etc. chooses to place on their services. Why should banks be different? You can always tell a plumber to get stuffed, and then watch your house flood. You can always tell a bank to get stuffed, pay what you owe them and close your account.