The High court has ruled that bank charges are unfair and ilegal, so it looks like we will all be paying to have a bank account soon.

 

http://news.bbc.co.uk/1/hi/business/7364422.stm

The High court has ruled that bank charges are unfair and ilegal, so it looks like we will all be paying to have a bank account soon.

 

http://news.bbc.co.uk/1/hi/business/7364422.stm

 

Oh great, more money :mac1:

Good! You can always vote with your feet if your bank start to charge ;) Fingers crossed I'll be getting over £1500 back from the :xxx:

Woohoo!

I should get loads back if all goes well.

I hope I'll be getting interest on all this cash they've taken off me at times when they allowed me to go a few quid over my limit then slapped £100 charges on for the privilege!

I recently got charged 3 lots of £35 in one day because they DIDN'T pay a direct debit :confused: How can you charge for not doing something? lol

Yeah I've had loads where they paid for example a £20 direct debit payment that took me over my overdraft limit, charged me a huge "agreed excess overdraft charge" that seems to be random and somewhere between £80 to £120 plus interest then bounced the original payment back into my account so they only actually allowed me over the limit while they decided it was to be recalled LOL

 

I remember years ago when you had an overdraft limit you could never go over it.

Now it's just a line for you to step over so they can hit you with fees.

 

Thats on top of keeping your money for a week when you pay it into your account.

That's meant to be going instant around now as well after they've finally been told it's unfair - no sh1t!

 

I got an £8K flexi loan that I took out a few years ago at a really good rate of about 6.9% and as it was a flexi when it was paid off I borrowed more on it to do stuff on the house and kept up my payments.

As soon as i missed a payment last year when i lost my job they started putting the rate up by a couple of % almost every month.

It's now almost 30% and completely unpayable.

All they say is it's in the terms and conditions that the rate can change!

I expected maybe 1 or 2% but not 20 odd % the robbing *******s!!

The last woman I spoke to admitted it was unfair but out of her hands and that they just want me to take the loan elsewhere to get their money back in with the credit market as it is but I've told them to get stuffed and put me on a standard fixed rate loan at a sensible rate or I'll see them in court.

Waiting for a reply.

Wouldnt Get Too Excited The Banks Can And Will Appeal!

I'll just be happy if I get my money back. Paying over £300 per month in charges at the moment and its all caused by THEIR charges leaving no money left to pay the bills :rant: In one month I paid more in charges than I did on my mortgage ffs

It's amazing how they manage to make £££billions of profit out of not allowing us access to our own money and charging us hundreds for borrowing an extra £20 when it's us that give THEM thousands every month!

 

We should all go back to getting paid cash and keep it under the matress.

That would soon sort them out! LOL

but then they have to get money back from someowhere so they will start to charge you for having a bank account and so on

but then they have to get money back from someowhere so they will start to charge you for having a bank account and so on

 

I don't care it will be a lot less than the £300 per month they're currently charging me lol

i took them to small claims last year and got £2500 back for the last 6 years worth of charges they had taken, just printed out some letters of tinternet and got onto my online banking to print off all the statements, filed a court date at my local county court (cost me 120 quid) and waited for the offers to start coming. they first tried a couple of hunderd quid, then and grand and then a few weeks before the court date paid out in full all bar about a tenner. i would reccomend to anybody, it sounds scary but they cannot do anything, not sure it would work now this dummy case has gone through????

I want to do it again but they will shut my account down, infact thinking about it what do I have to lose lol!

but then they have to get money back from someowhere so they will start to charge you for having a bank account and so on

 

They make enough off our money which is immediately invested in equities, futures, shares, property, base metals etc!

Remember the money we pay in to the bank doesn't actually reside in a pot anywhere - it's all invested!

 

Si.

not forgetting the 50bn off the government!

I claimed back £4k last year, and been waiting for this Court battle to get sorted as I have a claim to make on my business account too.

I claimed back £1800, which i got off them. Couple of weeks later they sent me a second cheque for £4000. :)

Saw a program yesterday which said that this initial case was only brought by the banks as a delaying tactic to give them time to prepare for the payout after the initial claims came in a year or so ago and made a dent in their profits.

 

It said HSBC were the worst for charges and paid back £115 million last year (for claims going back 6 years) but in the scale of things it's nothing to them as the banks are currently making £10 million A DAY in excess overdraft charges!

 

It said get your claim in now for the last 6 years in readyness as they will be paying out sooner or later.