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<instinctsetfree@lycos.com> wrote in message 
news:1163064456.854103.270890@e3g2000cwe.googlegroups.com...
I recently "went over" my overdraft "limit" by a few pounds and Natwest
pounced on me with a charge of �28. This seems unbelievable to me. An
overdraft limit should be just that but the banks pay a few pounds out
of your acount when their is insuffient funds and then charge you �28!

I asked the bank if they could make my overdraft limit more of a limit
to prevent to prevent this happening in the future because to charge
�28 it must have been a great inconvenience to the bank, and the reply
was if someone tries to charge my account and there is not enough cash
there the bank takes �38 from me for me not having enough money to pay
the original person.

I am currently choosing a new bank based on bank charges and am looking
long term for an alternative to these high street thieves.

You shouldnt have been surprised with all the publicity in newspapers and tv 
programs about this issue.
There have ben countless reports also of people taking the banks to court 
because these fees are illegal anyway.
Next year there will be a ruling to force banks to reduce penalties in the 
same way credit card companies were forced to earlier this year from �25/�30 
down to �12.50 or so.
The bad news is that the banks as always will always have the last word and 
find another way to get money from customers.
Changing banks wont help you as they all do the same.
Check this out for various items about the subject: 
http://search.bbc.co.uk/cgi-bin/search/results.pl?scope=all&edition=d&q=bank+penalties&go=Search 

On Thu, 09 Nov 2006 12:17:19 GMT, "linkuk" <link@ntlworld.com> wrote:

>
><instinctsetfree@lycos.com> wrote in message 
>news:1163064456.854103.270890@e3g2000cwe.googlegroups.com...

>You shouldnt have been surprised with all the publicity in newspapers and tv 
>programs about this issue.
>There have ben countless reports also of people taking the banks to court 
>because these fees are illegal anyway.

NOT querying the substance of this posting, but alerting folk to the
fact that the thread was originally started in the following
newsgroups...

	uk.finance,nz.general,alt.uk.law,aus.consumers,can.consumers

... and that laws in the UK may differ from the laws in Australia which
may differ from the laws in NZ.



-- 
steve.hat.stephencarter.not.com.but.net
Nothing is Beatle Proof!!

"Stephen X. Carter" <steve@[127.0.0.1]> wrote in message 
news:45531ec5.18484342@localhost...
> On Thu, 09 Nov 2006 12:17:19 GMT, "linkuk" <link@ntlworld.com> wrote:
>
>>
>><instinctsetfree@lycos.com> wrote in message
>>news:1163064456.854103.270890@e3g2000cwe.googlegroups.com...
>
>>You shouldnt have been surprised with all the publicity in newspapers and 
>>tv
>>programs about this issue.
>>There have ben countless reports also of people taking the banks to court
>>because these fees are illegal anyway.
>
> NOT querying the substance of this posting, but alerting folk to the
> fact that the thread was originally started in the following
> newsgroups...
>
> uk.finance,nz.general,alt.uk.law,aus.consumers,can.consumers
>
> ... and that laws in the UK may differ from the laws in Australia which
> may differ from the laws in NZ.
>
>
Well spotted stephen. 

<instinctsetfree@lycos.com> wrote in message 
news:1163064456.854103.270890@e3g2000cwe.googlegroups.com...
I recently "went over" my overdraft "limit" by a few pounds and Natwest
pounced on me with a charge of �28. This seems unbelievable to me. An
overdraft limit should be just that but the banks pay a few pounds out
of your acount when their is insuffient funds and then charge you �28!

I asked the bank if they could make my overdraft limit more of a limit
to prevent to prevent this happening in the future because to charge
�28 it must have been a great inconvenience to the bank, and the reply
was if someone tries to charge my account and there is not enough cash
there the bank takes �38 from me for me not having enough money to pay
the original person.

I am currently choosing a new bank based on bank charges and am looking
long term for an alternative to these high street thieves.


This happed to us on our joint account when a cheque issued months before 
was presented unexpectedly causing an overdraft of a few pounds.

My partner (first named) wrote and complained.

No response.

We closed the account. 

>
> This happed to us on our joint account when a cheque issued months before
> was presented unexpectedly causing an overdraft of a few pounds.
>


Why was it unexpected ?

"Miss L. Toe" <missltoemissltoe@hotmail.com> wrote in message 
news:45534903$0$97217$892e7fe2@authen.yellow.readfreenews.net...
> >
>> This happed to us on our joint account when a cheque issued months before
>> was presented unexpectedly causing an overdraft of a few pounds.
>>
>
>
> Why was it unexpected ?
>
>

Because we (or rather I) had thought it had long been paid (to the passports 
agency). 

"Miss L. Toe" <missltoemissltoe@hotmail.com> wrote in message 
news:45534903$0$97217$892e7fe2@authen.yellow.readfreenews.net...
> >
>> This happed to us on our joint account when a cheque issued months before
>> was presented unexpectedly causing an overdraft of a few pounds.
>>
>
>
> Why was it unexpected ?
>
This can happen when direct debits are taken early as well and that 
certainly happens. 

instinctsetfree@lycos.com wrote:
> I recently "went over" my overdraft "limit" by a few pounds and
> Natwest pounced on me with a charge of �28. This seems unbelievable
> to me. An overdraft limit should be just that but the banks pay a few
> pounds out of your acount when their is insuffient funds and then
> charge you �28!
>
> I asked the bank if they could make my overdraft limit more of a limit
> to prevent to prevent this happening in the future because to charge
> �28 it must have been a great inconvenience to the bank, and the reply
> was if someone tries to charge my account and there is not enough cash
> there the bank takes �38 from me for me not having enough money to pay
> the original person.
>
> I am currently choosing a new bank based on bank charges and am
> looking long term for an alternative to these high street thieves.

I had some direct deits go early from my Nationwide Flex Account recently
taking me over my Limit (�0) by about �10.
I got a letter a couple of days later telling me this had happened and that
as a result:
1. They had given me a new overdraft limit of �250
2. If  I paid the current one off immediately I would not be charged fees
3. That I would be liable for the interest. (Which worked out at 5p)

<instinctsetfree@lycos.com> wrote in message 
news:1163064456.854103.270890@e3g2000cwe.googlegroups.com...
I recently "went over" my overdraft "limit" by a few pounds and Natwest
pounced on me with a charge of �28. This seems unbelievable to me. An
overdraft limit should be just that but the banks pay a few pounds out
of your acount when their is insuffient funds and then charge you �28!

I asked the bank if they could make my overdraft limit more of a limit
to prevent to prevent this happening in the future because to charge
�28 it must have been a great inconvenience to the bank, and the reply
was if someone tries to charge my account and there is not enough cash
there the bank takes �38 from me for me not having enough money to pay
the original person.

I am currently choosing a new bank based on bank charges and am looking
long term for an alternative to these high street thieves.


What on earth has this got to do with New Zealand? 

On Thu, 09 Nov 2006 14:55:03 +0000, richard wrote:
.........
>> NOT querying the substance of this posting, but alerting folk to the
>> fact that the thread was originally started in the following
>> newsgroups...
>>
>> uk.finance,nz.general,alt.uk.law,aus.consumers,can.consumers
>>
>> ... and that laws in the UK may differ from the laws in Australia which
>> may differ from the laws in NZ.
>>
>>
> Well spotted stephen.

Shock: The banks are bastards all over the planet.........    not.........

(Apologies for continuing the cross-posting)

-- 
Regards, David.

David Clayton, e-mail: dcstar@XYZ.myrealbox.com
Melbourne, Victoria, Australia.
(Remove the "XYZ." to reply)

Knowledge is a measure of how many answers you have,
intelligence is a measure of how many questions you have.


-- 
Posted via a free Usenet account from http://www.teranews.com

On Fri, 10 Nov 2006 08:59:48 +1100, David Clayton
<dcstarXYZ@myrealbox.com> wrote:

>On Thu, 09 Nov 2006 14:55:03 +0000, richard wrote:
>.........
>>> NOT querying the substance of this posting, but alerting folk to the
>>> fact that the thread was originally started in the following
>>> newsgroups...
>>>
>>> uk.finance,nz.general,alt.uk.law,aus.consumers,can.consumers
>>>
>>> ... and that laws in the UK may differ from the laws in Australia which
>>> may differ from the laws in NZ.
>>>
>>>
>> Well spotted stephen.
>
>Shock: The banks are bastards all over the planet.........    not.........

Totally true.  But the laws that allow them to be bastards do vary
around the place.


-- 
steve.hat.stephencarter.not.com.but.net
Nothing is Beatle Proof!!

instinctsetfree@lycos.com wrote:
> I recently "went over" my overdraft "limit" by a few pounds and Natwest
> pounced on me with a charge of £28. This seems unbelievable to me. An
> overdraft limit should be just that but the banks pay a few pounds out
> of your acount when their is insuffient funds and then charge you £28!
>
> I asked the bank if they could make my overdraft limit more of a limit
> to prevent to prevent this happening in the future because to charge
> £28 it must have been a great inconvenience to the bank, and the reply
> was if someone tries to charge my account and there is not enough cash
> there the bank takes £38 from me for me not having enough money to pay
> the original person.
>
> I am currently choosing a new bank based on bank charges and am looking
> long term for an alternative to these high street thieves.

.
Maybe this is pertinent?
AIUI my bank will charge an OD amount on my chequing acct. to my
standing line of credit automatically without additional charge IF I
have previously made arrangements to do so. And of course my LOC has to
be 'in good standing'!
However I seem to have found that out almost by accident, the bank
never told me! And since I've luckily never been in OD the question had
previously never occurred to me, cos I have the time, now retired,  to
'ride herd' on expenditures rather carefully.
But otherwise I might have to pay a fee (probably some $30+ Canadian!)
and/or high interest (like a cash advance) from the moment that the OD
occurs.
And I just checked that with 'My bank' and it doesn't reassure me! Any
OD would cost me 21% per annum. So it would still be up to me to take
control of moving funds from savings or LOC to defray the OD!
I've been with that bank btw since 1956. But don't expect any mercy;
thus loyalty goes out the window.
Terry

On 9 Nov 2006 01:27:36 -0800, "instinctsetfree@lycos.com"
<instinctsetfree@lycos.com> wrote:

>I recently "went over" my overdraft "limit" by a few pounds and Natwest
>pounced on me with a charge of �28. This seems unbelievable to me. An
>overdraft limit should be just that but the banks pay a few pounds out
>of your acount when their is insuffient funds and then charge you �28!
>
>I asked the bank if they could make my overdraft limit more of a limit
>to prevent to prevent this happening in the future because to charge
>�28 it must have been a great inconvenience to the bank, and the reply
>was if someone tries to charge my account and there is not enough cash
>there the bank takes �38 from me for me not having enough money to pay
>the original person.

Complain to your bank - IME they will always reduce the charges. (My
bank has the same policy.  If you go over your overdraft limit they
will charge you for each debit transaction (it is capped)).

However they will up the overdraft limit without question!  Get
your bank to increase your limit to more than you can ever need.

Mark