Devils Advocate- why should i pay for your mistakes

[iancognito]

Seeing as we're playing devils advocate here, I'm gonna side with the banks for once, or at least a bank, FirstDirect don't manipulate debits/credits to suit themselves, they bank in 'real time' if they didn't, I may have been bankrupt by now!!

Don't know about HSBC but I assume they're the same?

[Nattie]

I do hope you claimants will be stuffed when the OFT, who have taken an age to report and caused the banks so much unnecessary unpleasantness with their customers because of all the media coverage, report their findings. We will then know what the banks charge. That will end the claims once and for all and give the banks a breather. Media coverage nonsense will be over. You all read the Terms and Conditions and still chose to break it so now the OFT may ease your burden and tell you what charges you will be getting.

Let some steam off on me guys and gals and please read post one before posting.

[iancognito]

Dream On Nattypig

Once the OFT have reported their findings the claims will double if not treble and you will be on compulsory overtime with the rest of your colleagues (unpaid of course because they won't be able to afford it)

What the banks costs really are? no we'll never know that because they already have their creative accountants working on spreadsheets of costs that show... let me see....£15.05, that'll be about right.

[Nattie]

I am sure that it will be what the OFT says it will be Ian, they are a fair and impartial body who will help consumers and banks alike. We will then all be able to set the argument to rest.

[iancognito]

OK mate you've completely lost it now, go and find yourself a darkened room to sit in and listen to whales mating calls.

[Nattie]

Did you read post 1 or did you give up on the argument? I am hoping the latter because that means logical, no nonsense no charge bank account holder beats charges boo hoo people.

[Guest]

Not so fast, bank boy.....

[emilyakamary]

Nattie - yes I have read post 1 and in the spirit of the thread!
How much interest do the banks earn on money held in non interest paying accounts? Why do funds need to be in an account by midnight the day before a debit is to be applied?
Have we actually established we are paying for a service - or is it a penalty. If the latter why wont your lords and masters simply admit that instead of now trying to convince the judicial system (but nobody else) that we have always known we were paying for a service! When wheel-clamping became the "in thing" everyone went up in arms and the wheel clampers were forced to display their penalties in one foot high lettering or go to hell! Why shouldnt your bosses do the same - because they know the first one to break ranks will clean up!!

[Nattie]

The banks hold money in non bearing accounts? They have never said that in the media at all. The modern computer age means funds should always be in a day early to allow less additional work by manually paying an item and i would think they would add that additonal cost on to you. It is a service, Barwick vs. LloydTSB case is clearly a service argument. I have no lords and masters, i am merely a concerned bank account holder. Unless you mean my boss at my office secretly, works for a bank? He never told me. I work in an office in administration, so why would my bosses put signs up? I have not stated i worked for a bank on this thread have I? I made an error in saying that so I cannot anwer the wheel clamping comment. Admin work does not get done on its own.

[emilyakamary]

[quote=Nattie;16477]The banks hold money in non bearing accounts? They have never said that in the media at all. The modern computer age (?!)means funds should always be in a day early to allow less additional work by manually paying an item and i would think they would add that additonal cost on to you.Manual intervention - whatever next!!? It is a service, Barwick vs. LloydTSB case is clearly a service argument. I have no lords and masters, i am merely a concerned bank account holder. My sincere apologies NattieUnless you mean my boss at my office secretly, works for a bank? He never told me. I work in an office in administration, so why would my bosses put signs up?Probably just put no-smoking ones up tho! I have not stated i worked for a bank on this thread have I? I made an error in saying that so I cannot anwer the wheel clamping comment. Admin work does not get done on its own. Obviously not![/quote]

I didnt mean to offend by inferring you worked in a bank - clearly your level of intelligence would actually preclude that!!

[Nattie]

on this thread i do not work for the bank. The only thread that I will not answer or be questioned about bank practices. The thread was designed around the work that i have seen by what is called trolls. That is, people who go onto the site with the specific intention to cause an argument by posting things that in reality is nonsense.
As Yogi Bear says and I quote directly, "I'm smarter than the average"

[morgan054]

[quote=Nattie;2795]If you mismanage your account then you should be penalised because you have abused the bank by using its money for your purposes. Should i say why do you not keep proper account of what you are spending? Why do you pay by Standing Order or Direct Debit if you cannot plan for those payments? The normal bank account holder will pay in the long run.[/quote


The bank didnt pay my D/D or my SO so i didnt use their money but they still charged me £35 for the privelige

[Guest]

[quote=morgan054;16499]

If you mismanage your account then you should be penalised because you have abused the bank by using its money for your purposes. Should i say why do you not keep proper account of what you are spending? Why do you pay by Standing Order or Direct Debit if you cannot plan for those payments? The normal bank account holder will pay in the long run.[/quote


The bank didnt pay my D/D or my SO so i didnt use their money but they still charged me £35 for the privelige

Yes and this blows their "service charge" argument right out of the water. If it's a charge for a "service" yet no payment is made why is there a charge at all? What kind of service is it then?

[hellhasnofury]

Hello, surely if the banks charge for provision of a service. Customers should be charging the banks for using the customers own money. Oh and never mind the penality charges, what about the rip off advantage gold account fees. I never asked for that. That something else the sat and thought up to make profit on, and we fell for it.:devil:

[Nattie]

the advantage gold account, in my opinion, is a great account. The benefits on there are great. Additional interest of 1% on reward reserve accounts, better rates on currency delivered to your door, 5 star travel insurance, mobile phone insurance and the discounts on home insurance. NatWest have a guaranteed to beat offer on as we speak. That package is a good one if you use the benefits. I have to totally disagree with that but i am considering a post on packaged accounts. Do not compare Barclays with NatWest(bank hat slipped on for this post).