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Bank problems

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Supposedly................

A 98 year old woman in the UK wrote this to her bank. The bank manager thought it amusing enough to have it published in the Times.

Dear Sir,

I am writing to thank you for bouncing my cheque with which I endeavoured to pay my plumber last month. By my calculations, three 'nanoseconds' must have elapsed between his presenting the cheque and the arrival in my account of the funds needed to honour it. I refer, of course, to the automatic monthly deposit of my Pension, an arrangement, which, I admit, has been in place for only thirty eight years. You are to be commended for seizing that brief window of opportunity, and also for debiting my account £30 by way of penalty for the inconvenience caused to your bank.

My thankfulness springs from the manner in which this incident has caused me to rethink my errant financial ways. I noticed that whereas I personally attend to your telephone calls and letters, when I try to contact you, I am confronted by the impersonal, overcharging, pre-recorded, faceless entity which your bank has become. From now on, I, like you, choose only to deal with a flesh-and-blood person.

My mortgage and loan payments will therefore and hereafter no longer be automatic, but will arrive at your bank by cheque, addressed personally and confidentially to an employee at your bank whom you must nominate.

Be aware that it is an offence under the Postal Act for any other person to open such an envelope. Please find attached an Application Contact Status which I require your chosen employee to complete. I am sorry it runs to eight pages, but in order that I know as much about him or her as your bank knows about me, there is no alternative. Please note that all copies of his or her medical history must be countersigned by a Solicitor, and the mandatory details of his/her financial situation (income, debts,assets and liabilities) must be accompanied by documented proof.

In due course, I will issue your employee with PIN number which he/she must quote in dealings with me. I regret that it cannot be shorter than 28 digits but, again, I have modelled it on the number of button presses required of me to access my account balance on your phone bank service. As they say, imitation is the sincerest form of flattery. Let me level the playing field even further. When you call me, press buttons as follows:

1 - To make an appointment to see me.
2 - To query a missing payment.
3 - To transfer the call to my living room in case I am there.
4 - To transfer the call to my bedroom in case I am sleeping.
5 - To transfer the call to my toilet in case I am attending to nature.
6 - To transfer the call to my mobile phone if I am not at home.
7 - To leave a message on my computer (a password to access my computer is required. A password will be communicated to you at a later date to the Authorized Contact.)
8 - To return to the main menu and to listen to options 1 through to 8.
9 - To make a general complaint or inquiry, the contact will then be put on hold, pending the attention of my automated answering service. While this may, on occasion, involve a lengthy wait, uplifting music will play for the duration of the call.

Regrettably, but again following your example, I must also levy an establishment fee to cover the setting up of this new arrangement.

May I wish you a happy, if ever so slightly less prosperous, New Year.
Your Humble Client,

 
outstanding, hope it teaches the b*8t*rd high street banks a lesson. Then again probably won't...
 
They are a law unto themselves. They do not give a shit.

Are they really accountable to anyone? I think not. After all the promises from the Chancellor etc, big bonuses abound.

This is what's happened to me. No more local contact. I am not worthy of face to face contact anymore.
http://news.bbc.co.uk/1/hi/scotland/8458403.stm

A least I still get to speak to someone I can understand. Give it another 18months and it will be an Indian at the other end. :rolleyes:

I HATE banks. They are built on greed. They have no morals.

.
http://news.bbc.co.uk/1/hi/scotland/8458403.stm
 
But you get what you pay for in this world, free banking?

You pay peanuts and you get monkeys.

I pay for my Bank account with Barclays athey do everything I could ask for, English call center when others get Indian, my own branch representative whom I have the mobile phone number for, but it costs me per month £17.50.

Personally I think they should keep things free for those that want it, but guys seriously if I asked any of you to run the holes in the wall, manage a call centre and not pay you anything for doing it and then complain about you when you screw things up, you going to be happy?

I like the letter and she seems very articulate, which begs the question why she didn't administer her accounts properly in the first place.
 
But you get what you pay for in this world, free banking?

I'm not following your logic here.

I have a business account. I pay a charge everytime I bank hard cash. I pay a charge everytime I bank a cheque.

I too used to be able to pop into my bank across the road and have a cup of coffee with my business manager.

My business manager has been made redundant.

Now I speak to a faceless person. There is no longer a relationship as it is always a different person I speak to each time I phone and the really insulting thing is I have to pay for the pleasure of doing this as they profit even more from me as I am given an 0845 number to phone the faceless person(s).

Where is the service in that?

I wish I had barclays near me but I don't. I HATE banks.


.
 
The biggest gripe I' ve had with the banking system, apart from the unjustifiable amounts charged to administer returned standing orders/ direct debits etc., is the fact that they have just taken the charges. Unlike any other monies owed to anyone else by anyone else they don't have to bill you or ask you for the money, they take it ( pilfer your account ). If someone has had their pension paid into their bank account and they incur an unforseen charge of £35 pounds, the bank take it. If the account with it's £35 missing cannot pay for what's already budgeted for in the account then they charge another £35, do they bill you ? no, they take it,can you set it aside to pay later ? no, they take it, and so the downward spiral continues.
A good argument in favour of what they do is " make sure your account is in order and you won't incur unreasonable charges " but over the last 25 years as we have moved towards a cashless economy it's the less savvy, more vulnerable, who have had to move into the banking system that have borne the brunt of the costs. I don't think the past situation is debatable, it is a fact, it has happened, it's left untold debris in it's wake and it is scandalous.
 
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Yep but 95% of bank accounts are personal and offered free of charge, so the logic was that I assume most of the complaints refer to free banking. But wasn't talking specifically about yours or your post.

But it's just the fact that these people that prat about on TV like that idiot Martin Lewis who keeps complaining, doesn't see the big picture of bringing in fee paying banking for others that stick to the terms and conditions, whilst banging on about stupid fees that people signed up to and accepted at the time.
 
The biggest gripe I' ve had with the banking system, apart from the unjustifiable amounts charged to administer returned standing orders/ direct debits etc., is the fact that they have just taken the charges. Unlike any other monies owed to anyone else by anyone else they don't have to bill you or ask you for the money, they take it ( pilfer your account ). If someone has had their pension paid into their bank account and they incur an unforseen charge of £35 pounds, the bank take it. If the account with it's £35 missing cannot pay for what's already budgeted for in the account then they charge another £35, do they bill you ? no, they take it,can you set it aside to pay later ? no, they take it, and so the downward spiral continues.
A good argument in favour of what they do is " make sure your account is in order and you won't incur unreasonable charges " but over the last 25 years as we have moved towards a cashless economy it's the less savvy, more vulnerable, who have had to move into the banking system that have borne the brunt of the costs. I don't think the past situation is debatable, it is a fact, it has happened, it's left untold debris in it's wake and it is scandelous.

Every account has a signature on it saying you will take the rough with the smooth. If people don't like that then they shouldn't sign it. I have been charged in the past and yes it is fustrating but it was my fault.

What I'm saying is why should people who stick to the rules in this country continously need to correct the mistakes of those that don't.
 
Every account has a signature on it saying you will take the rough with the smooth. If people don't like that then they shouldn't sign it. I have been charged in the past and yes it is fustrating but it was my fault.

What I'm saying is why should people who stick to the rules in this country continously need to correct the mistakes of those that don't.



I don't think you can look at this broadly, it is a specific area that I have described, in my opinion it ammounted to legalised xxxxx and ruined the finances of thousands of people through the eighties and nineties, causing lots to fall at the first hurdle in there attempts to join the cashless society and some never recovered. These are not people who can reclaim or complain. They are the real victims going back over the last 25 years, of a system that really does beggar belief.
 
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If you sign something it means that you agree with the terms, that is not theft.

You agree that in return for free banking you will abide by the terms and charges set out.

Should you wish to challenge that document and charges later on through the courts, like so many did. In my opinion the bank should be able to challenge the fact that you have had free banking and back date a fee of £10 per month to run that account for however long you had the bank account.

People can't have it both ways, this country is lacking in personal responsibility in my opinion. That includes the banks, they should have been allowed to fall. We would have had some new banks and more interested share holders in just what the hell their investments were up to with their cash.
 
But it's just the fact that these people that prat about on TV like that idiot Martin Lewis who keeps complaining, doesn't see the big picture of bringing in fee paying banking for others that stick to the terms and conditions, whilst banging on about stupid fees that people signed up to and accepted at the time.


Martin Lewis idiot/not must be making dough from affiliate stuff on his website. Going on about fees is what's made him!

I have had a great experience with HSBC in the past where they waived over £200 in fees that I got. Really crazy because it was their business banking fee of about £3/month which made me overdrawn when my bank was empty, and then they charged me £4/day for every day that it was overdrawn.... I didn't notice for nearly 2 months... but they waived all the fees so I'm happy.

Also since you can go to most atm's without charges now, that's an expense to the bank.

Here in the US I have to pay fees if i don't use my bank's ATM (and I pay fees to both banks!). UK's not that bad and better regulated.... not perfect, but better.
 
If you sign something it means that you agree with the terms, that is not theft.

I think what websaway is saying is society no longer has a choice, especially the most vulernable.

As a society we are now forced to use banking. We are forced to put our signature on the bottom.

What has gone:
No more payment books / giros at all. All forced to sign the bottom line or they don't get.

sickness benefit
unemployment benefit
incapacity benefit
pensions
family allowance

No doubt there are a lot more and of course, with this came the demise of your local village bank and Post Office.

Even in the good times the banks decided it was time to up roots from local villages. Even in the good times everything was shrinking. (got to keep the shareholders happy :rolleyes:)


The banks were awash with cash and out of pure greed, came the reckless lending. (got to keep the shareholders happy)

Things have changed. We are all the shareholders now. But have the banks changed? Are they listening to the majority? Are they feck. Business as usual.

.
 
Also since you can go to most atm's without charges now, that's an expense to the bank.

agreed, if you use a rival bank from your own to withdraw cash it costs roughly 30p interbank charges, reason why interest rates on current accounts are low and expensive on borrowing, the money gotta be made somehow

I do disagree with the level of overdrawn charges, for some its a spiral downwards, no means to pay means more charges, banks should do more to assist this group of people but they are there to make money also, the fee has to act as a deterent but not be restrictive
 
Here's another thing that really gets me. They were lending so much to each other, packaging and repackaging all their "assets" to sell on that when the crash came, they are all on record as saying they did not know how much bad debt they were holding!!!

What is this all about? Here we have the lending pillars of society telling us as account holders it is our responsibility to keep our house in order! What a fecking joke! NONE of them knew what it was they were actually holding because it had been repackaged so many times. All they knew was they bought it for £x amount and they expected to sell it straight back on for £xx amount but they did not know what it actually was that they were selling! All they knew was it had a name and that name was a derivative.

Fecking unbelievable.

.
 
I think what websaway is saying is society no longer has a choice, especially the most vulernable.

As a society we are now forced to use banking. We are forced to put our signature on the bottom.

What has gone:
No more payment books / giros at all. All forced to sign the bottom line or they don't get.

sickness benefit
unemployment benefit
incapacity benefit
pensions
family allowance

I do see what people are saying but just because people are having these benefits being paid in doesn't mean you have to set a sky direct debit up to the account or start banging out cheques.

For me there is no reason you have to set up any type of automated debit or credit upto your account that leads you to have to pay a charge.

To me it is perfectly possible (in a debit manner) and in no way more difficult to live in a cash economy today than it was 30 years ago. That's not to say living in a cash economy today is easier than a non cash transaction one.
 
Please don't take offence, I'm not having a pop here, but you have to see the funny side.

Your first signature is for "quick loans" and the heading of the site is:
"Peer to Peer Subprime Lending"

Who do you think the majority of your customers will be? I say the very ones you state should not get into difficulties in the first place.

.
 
agreed, if you use a rival bank from your own to withdraw cash it costs roughly 30p interbank charges, reason why interest rates on current accounts are low and expensive on borrowing, the money gotta be made somehow

I dont think it's quite that simple. Banks generally have as many ATMs as each other, pro-rata to thier customer base. So at the same time as 30p is levied by a Bank on its rival, 30p is also received by the same Bank from its rival. All in all, the payments cancel each other out. It doesn't really matter who withdraws the cash, it's the cost of running the ATM that matters, which is built into thier running costs charged against thier own customers already.

Charging customers 30p therefore is simply putting cream on the cake!
 
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