RBS Robbing Bast@#ds

[mexico1970]

Under a what?

It goes under a dufet :)

 

[hammocity]

The charging for being overdrawn was determined to be a penalty and illegal, and before that just having an overdraft was far less interest and sometimes free.

Now overdraft and overdrawn are mixed into one pot, so the interest rates for overdrafts rocketed.

Most interest rates on overdrafts are 35-40% standard for 95%+ of people. They are emergency facilities and should be used as such.

I never go over drawn but unfortunately some people need to do so and I think these charges are ridiculous.

 

[Tuearts right boot]

Didn't think they were still in business after their last fiasco all those years ago.

 

[Tuearts right boot]

Do you remember years ago (before Internet banking) if you went a penny over the overdraft limit the banks would hammer you with a £20-£25 “fine”? This only showed up on a printed statement and invariably meant the account was overdrawn the following month.

The banks have always been robbing bastards but thankfully now with instant access to your accounts you can at least manage them more efficiently.

Nearly 35% is an absolute disgrace though.

I also remember that well. I was going through a tough patch with a major customer not paying and was very very close to going under. My bank manager, The Midland, as it was then only sent me reminder statements.....no letters, we both knew what was going on and sure enough I turned it round, without his ' help ' it would have been too close to call. You always remember the good bank managers but unfortunately they dont seem to exist nowadays.

 

[Bluemoon115]

Do you remember years ago (before Internet banking) if you went a penny over the overdraft limit the banks would hammer you with a £20-£25 “fine”? This only showed up on a printed statement and invariably meant the account was overdrawn the following month.

The banks have always been robbing bastards but thankfully now with instant access to your accounts you can at least manage them more efficiently.

Nearly 35% is an absolute disgrace though.

Used to work with a bloke who got this charge and a letter sent out years ago (probably talking 25 years at this point).

He said his dream was to win the lottery, walk into said bank to tell them he'd won the lottery, have the bank manager read all the offers, then show them the charge letter and tell them to fuck off.

He was a strange fella.

 

[BrianW]

This hit my missus as she used to run an almost permanent overdraft and was paying ludicrous amounts in interest.

They suggested she take out a personal loan instead. She did, and, amazingly, it turned things around and she is never in overdraft anymore. Mind you, I think she has become a lot wiser with her spending. In 12 months, the personal loan will be paid off and she will be rolling in it.

 

[citydad]

And the filming of Lloyds Banks new advert in London's Streets this morning didn't turn out too good either!!!

 

[heslops barnet]

I also remember that well. I was going through a tough patch with a major customer not paying and was very very close to going under. My bank manager, The Midland, as it was then only sent me reminder statements.....no letters, we both knew what was going on and sure enough I turned it round, without his ' help ' it would have been too close to call. You always remember the good bank managers but unfortunately they dont seem to exist nowadays.

Computer says…….no…….

 

[Saddleworth2]

I also remember that well. I was going through a tough patch with a major customer not paying and was very very close to going under. My bank manager, The Midland, as it was then only sent me reminder statements.....no letters, we both knew what was going on and sure enough I turned it round, without his ' help ' it would have been too close to call. You always remember the good bank managers but unfortunately they dont seem to exist nowadays.

I was a bank manager during the miners strike. We took a light touch, freezing mortgages, loans and credit cards on the basis that all lending would be restructured once the outcome of the strike was known. Not all Banks were unthinking robots and one of the main pleasures of the job was helping customers with the right financial products and watching their business grow. It’s a great shame everything has been centralised and decision making taken away from the local guy who knew his customer best.
Arranged overdrafts are normally lower interest rates The real penal rates are normally attached to unauthorised overdrafts.

 

[abu13]

They shouldnt be able to charge anyone until the cunts pay us all back for bailing them out.