Live in the UK, Hate Bank charges, step inside! - GoFuckYourself.com

marcjacob · 12-21-2006, 05:34 PM

If you live and bank in the UK - you need to know this! It turns out that UK Banks fees may be illegal, these include bounced checks, returned direct debits, going over your limit etc.

The basics of it seems to be that unfair contracts law prevents companies from charging more in penalties than what the "event" actually costs them.

Banks arnt willing to disclose what these events truly cost, but estimates are a maximum of £4.50 for a returned direct debit - something banks charge £30 and up for.

Lots of people have claimed, and got all or some of their money back. No bank as of yet has allowed the case to go to court as if they loose, which they may well do, it would open the flood gates on claims (it would probably make national news)

Im wondering if that could include the US $ checks we present? Probably worth claiming or at least seeking legal advice, as these fees can rack up.

More about the legal background:

http://news.bbc.co.uk/1/hi/business/6169539.stm

Making your claim:

http://news.bbc.co.uk/1/hi/business/6170209.stm

Scott McD · 12-21-2006, 05:39 PM

I get charged £7 for every US $ cheque i put into my bank. Fuckers !!

chemicaleyes · 12-21-2006, 05:43 PM

Be aware if you do this make sure you have a back up bank account ready, as I know of many people that have done this and after getting any payout from the bank their accounts are shut down.

cheekycherry · 12-21-2006, 05:55 PM

Scott change banks... I'm with TSB and never pay more than £30-£50 for up to 50 cheques and high value.

Scotty.T · 12-21-2006, 05:58 PM

Quote:

Originally Posted by Scott McD

I get charged £7 for every US $ cheque i put into my bank. Fuckers !!

LloydsTSB £8/batch of cheques apparently.

Radiate · 12-22-2006, 06:57 AM

The legal issue is with the penalties for things like going over your limit, not fees for things like paying in cheques. That's a shame, because it's a bastard paying in USD cheques in the UK.

12-21-2006, 05:34 PM	#1
marcjacob Confirmed User Join Date: Jun 2003 Location: England Posts: 1,063	Live in the UK, Hate Bank charges, step inside! If you live and bank in the UK - you need to know this! It turns out that UK Banks fees may be illegal, these include bounced checks, returned direct debits, going over your limit etc. The basics of it seems to be that unfair contracts law prevents companies from charging more in penalties than what the "event" actually costs them. Banks arnt willing to disclose what these events truly cost, but estimates are a maximum of £4.50 for a returned direct debit - something banks charge £30 and up for. Lots of people have claimed, and got all or some of their money back. No bank as of yet has allowed the case to go to court as if they loose, which they may well do, it would open the flood gates on claims (it would probably make national news) Im wondering if that could include the US $ checks we present? Probably worth claiming or at least seeking legal advice, as these fees can rack up. More about the legal background: http://news.bbc.co.uk/1/hi/business/6169539.stm Making your claim: http://news.bbc.co.uk/1/hi/business/6170209.stm __________________ Free Site Express GFY Launch Offer Gay Demo Video - Straight Demo Video Icq: 191127710 Email: [email protected]

12-21-2006, 05:39 PM	#2
Scott McD Too lazy to set a custom title Join Date: Nov 2002 Location: Glasgow, Scotland Posts: 67,795	I get charged £7 for every US $ cheque i put into my bank. Fuckers !! __________________ I Buy My High Quality Traffic Here, You Should Too!

12-21-2006, 05:43 PM	#3
chemicaleyes UNSTOPPABLE Join Date: Aug 2003 Location: UK :: ICQ# 156068 Posts: 11,569	Be aware if you do this make sure you have a back up bank account ready, as I know of many people that have done this and after getting any payout from the bank their accounts are shut down. __________________ No way as way, No limitation as limitation. AmeriNOC formally PhatServers

12-22-2006, 06:57 AM	#6
Radiate Confirmed User Join Date: Dec 2004 Location: the center Posts: 1,454	The legal issue is with the penalties for things like going over your limit, not fees for things like paying in cheques. That's a shame, because it's a bastard paying in USD cheques in the UK. __________________ icq 199437756 - contact me if you need a solid hosting solution

12-21-2006, 05:55 PM	#4
cheekycherry Confirmed User Join Date: Feb 2002 Location: N/A Posts: 1,703	Scott change banks... I'm with TSB and never pay more than £30-£50 for up to 50 cheques and high value.