chocchick Posted August 29, 2007 Share Posted August 29, 2007 I was interested today to see there is a joint court case by some banks on the bank charges issue http://www.smile.co.uk/servlet/Satellite?pagename=Smile/Page/smView&c=Page&cid=1185518765896 Quote Link to comment Share on other sites More sharing options...
chocchick Posted August 29, 2007 Author Share Posted August 29, 2007 I suppose my point was I went online as expected to have charges and didn't If the court outcome comes out right the banks won't be able to charge, and Smile has put all complaints on hold pending the outcome of the case. Quote Link to comment Share on other sites More sharing options...
Charlottechicken Posted August 29, 2007 Share Posted August 29, 2007 As someone who has never incurred bank charges ("ne'er a borrower nor a lender be" being one of my mottoes ) this worries me. If the court finds against the banks then we may see the end of free banking, and that carries lots of implications. At present, my wages are paid into a bank and I have no option on this, but if banking was not free, would I have the right to demand payment in cash? Benefit payments are now mostly paid into bank accounts, and this would have to change too if free banking were abolished. Good luck to the judges, they have a lot to think about Quote Link to comment Share on other sites More sharing options...
Egluntyne Posted August 29, 2007 Share Posted August 29, 2007 I agree Charlottechicken....Will those of us who do not live beyond our means find ourselves having to pay for those that do. Quote Link to comment Share on other sites More sharing options...
ubereglu Posted August 31, 2007 Share Posted August 31, 2007 My sister wasn't very impressed with HSBC, as they suddenly made her pay interest on her student loan as she's finished being a student at the minute-well until September anyway, (She's doing a PGCE in Cardiff). They'd given her no warning and hadn't even sent her a letter until they'd started charging her. She was not impressed, especially as when she signed up they said they'd give her her loan with 5 years interest free when she signed the contract 3 years ago. Quote Link to comment Share on other sites More sharing options...
chocchick Posted August 31, 2007 Author Share Posted August 31, 2007 Smile for some reason had me down for a lower overdraft than agreed, then tried to charge £25 for going over it. It said every time I logged in what the limit was, then it was different suddenly. On my bandwagon I only went byond my means recently as unemployed for many months writing up (much longer than predicted) and unable to claim benefit. It is easy to use your card at the supermarket and it will be accepted even if you go over your overdraft limit. There is being extravagent with money..... and living on the minimum possible but not having an income. Quote Link to comment Share on other sites More sharing options...
