Usurious bankers

[RogerS]

OK - I admit the first cock-up was down to me 'cos in a vain attempt to glean a few days interest I transferred what I thought was surplus funds money from my current account to my deposit account held elsewhere. And I'd missed the fact that a large cheque hadn't been cashed so I went overdrawn, the cheque got bounced and I immediately arranged for the funds to be transferred back again. Oh yes - I had to pay £29 for the privilege..but can't complain as it was my cock-up.

Now here's the usurious bit. I thought that the cheque would be sent back to the person who I'd given it to (and I'd already rung him up to apologise and explain my cock-up and offer to reimburse him for any extra expense he incurred as a result). But it doesn't.

The bank automatically represents it immediately......and given the days and days that our wonderfully efficient black-hole, known as the banking system, where my and your money lies in limbo land (actually not quite - it's earning interest for the banks on the over-night money market) you don't stand a snowballs' chance in hell of getting the money transferred back in time and so WHAM....you get hit for another £29.

Apparently if I'd rung my bank and stopped the cheque then I wouldn't have to pay the second lot of £29. You live and learn.

Now then...where's that website for geting your money back from the usurious **!*!""s?

/rant

 

[seanybaby]

http://www.moneysavingexpert.com/reclaim/bank-charges

Maybe worth a read.

 

[andrewm]

http://www.moneysavingexpert.com/reclaim/bank-charges

Maybe worth a read.

Isn't that on hold at the moment pending the outcome of an OFT enquiry?

Andrew

 

[seanybaby]

It is. I think the test case starts mid Jan.

 

[Slim]

http://www.moneysavingexpert.com/reclaim/bank-charges

Maybe worth a read.

Isn't that on hold at the moment pending the outcome of an OFT enquiry?

Andrew

Only if is a charge for an unauthorised overdraft. Charges for bounced cheques and failed direct debits can still be claimed. People are still claiming successfully even with the OFT's test case.

Your best option though, is to ring up the bank and be very nice to them. They will more than likely refund you the charges as a good will gesture.

It is ridiculous, isn't it. - "As a good will gesture Sir, we will give you back the money we took from your account unlawfully..."