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Bank rip-off for exceeding overdraft
13 Answers
Does anyone have an account with a bank which doesn't rip you off?
I tend to stray slightly over my overdraft limit once or twice a year due to a miscalculation on my part, and they charge me �35 to �40 each time.
Being very generous, it might cost them a fiver at most for having to send a letter or two, and I'd happily pay that much.
I expect all the banks are as bad as each other.
I tend to stray slightly over my overdraft limit once or twice a year due to a miscalculation on my part, and they charge me �35 to �40 each time.
Being very generous, it might cost them a fiver at most for having to send a letter or two, and I'd happily pay that much.
I expect all the banks are as bad as each other.
Answers
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Well definately don't go to NatWest!
I exceeded my overdraft by �24 in April (my fault completely, I forgot my council tax DD had started again!)
On 6th May I was charged �28 for exceeding my limit - fair enough, I was expecting this. On 9th May, I was charged a �30 referral fee which I wasn't expecting and which took me over my limit AGAIN!
So I was charged �58 and now I'm going to be charged again next month because their charges took me over the limit again.
I exceeded my overdraft by �24 in April (my fault completely, I forgot my council tax DD had started again!)
On 6th May I was charged �28 for exceeding my limit - fair enough, I was expecting this. On 9th May, I was charged a �30 referral fee which I wasn't expecting and which took me over my limit AGAIN!
So I was charged �58 and now I'm going to be charged again next month because their charges took me over the limit again.
Exactly as I thought!
I already have an agreed overdraft; I once asked them to extend it by a mere �50 but they said no. I can see why now!
This is the Halifax/Bank of Scotland, by the way.
OK, I should have checked more carefully, I know. I�ll ring them and see what they say. I only went over by a couple of quid, and I had some money in my other current account which would�ve covered that if I�d thought to transfer it beforehand.
I must look into the �excessive charges� thing too. If that applies, then why are they still doing it? Some people won�t bother pursuing it is the answer probably.
I�ve just encountered ANOTHER RIP-OFF too. I often work on Bank Holidays, and I�ve parked on single yellow lines for years on those days without any problems in Leeds City Centre. The last Bank Holiday (Monday 5th May) I got a ticket. They never had any �Parking Attendants� working on Bank Holidays before. This is a new revenue-raising tactic, so watch out on the up-coming Spring Bank Holiday (26th May) and make sure you don�t park on single yellows before 6pm and get caught!
I already have an agreed overdraft; I once asked them to extend it by a mere �50 but they said no. I can see why now!
This is the Halifax/Bank of Scotland, by the way.
OK, I should have checked more carefully, I know. I�ll ring them and see what they say. I only went over by a couple of quid, and I had some money in my other current account which would�ve covered that if I�d thought to transfer it beforehand.
I must look into the �excessive charges� thing too. If that applies, then why are they still doing it? Some people won�t bother pursuing it is the answer probably.
I�ve just encountered ANOTHER RIP-OFF too. I often work on Bank Holidays, and I�ve parked on single yellow lines for years on those days without any problems in Leeds City Centre. The last Bank Holiday (Monday 5th May) I got a ticket. They never had any �Parking Attendants� working on Bank Holidays before. This is a new revenue-raising tactic, so watch out on the up-coming Spring Bank Holiday (26th May) and make sure you don�t park on single yellows before 6pm and get caught!
arghhh cheeky chops. I know that one well. Since I gave up work, I have to live month to month and my bank, despite my pleading with them to stop it have made 100's off of me straying over my overdraft facility by a few quid. I wouldnt mind if they just charged me there and then or even on the same day of each month but they dance around, I think Im safe and bang, I'm had again.
It's not a rip off - it's the terms and conditions of the account that you signed up to when you opened it.
Why should people who manage their account properly subsidise those who don't or can't?
Most banks will offer some discretion if you speak to them and reverse a charge - but usually only once.
The altenative is a monthly fee for maintaining your account and a fee per transaction.
This way is fairer. Reward those who conduct their account well and penalise those who don't.
Why should people who manage their account properly subsidise those who don't or can't?
Most banks will offer some discretion if you speak to them and reverse a charge - but usually only once.
The altenative is a monthly fee for maintaining your account and a fee per transaction.
This way is fairer. Reward those who conduct their account well and penalise those who don't.
I found an interesting link while I was looking for something totally unconnected ...
http://www.moneysavingexpert.com/reclaim/bank- charges
http://www.moneysavingexpert.com/reclaim/bank- charges
i claimed back �125 in charges, with no arguments. my husband got �900
i'm amazed the banks still think they can get away with it. the thing is they will avoid going to court because this means they have to prove where the charges are made up - which they can't. money saving expert provide a template to follow, and even tell you exactly what will happen...they'll tell you no originally, until you push it again!
i'm amazed the banks still think they can get away with it. the thing is they will avoid going to court because this means they have to prove where the charges are made up - which they can't. money saving expert provide a template to follow, and even tell you exactly what will happen...they'll tell you no originally, until you push it again!
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