Jaymoi Posted June 21, 2007 Report Share Posted June 21, 2007 As some of you will know, when i get excited about something or i find something beneficial to the group i like to share it with you guys. So here is the LATEST installment! This time i want to talk about finances... mainly the rip-off bank fines we recieve in the UK. BEFORE YOU ROLL YOUR EYES AND MUTTER THE WORD "SCAM"... THIS IS NOT A SCAM. FOR ALL WHO DON'T KNOW ME, ASK THE BOARD ABOUT ME, I'M A GOOD UN'! So here we go.... Did you know it is actually illegal for a Bank to fine you for anything over the amount of Link to comment Share on other sites More sharing options...
Pugwash Posted June 21, 2007 Report Share Posted June 21, 2007 To validate Jaymoi's post, here's the BBC page on it: http://news.bbc.co.uk/1/hi/business/6170209.stm The BBC links all the necessary forms in PDF format. Link to comment Share on other sites More sharing options...
KB Posted June 21, 2007 Report Share Posted June 21, 2007 Very interesting I wonder if there is a set limit in Australia too as we can pay up to $40 for an overdrawn account. Ken Link to comment Share on other sites More sharing options...
Jaymoi Posted June 21, 2007 Author Report Share Posted June 21, 2007 Kenberg, do you want me to find a company for you in Aus that does the same, if one exists? Link to comment Share on other sites More sharing options...
KB Posted June 21, 2007 Report Share Posted June 21, 2007 For sure it wouldn't hurt Thanks Ken Link to comment Share on other sites More sharing options...
cornerstone Posted June 22, 2007 Report Share Posted June 22, 2007 The law is different is Oz, it doesn't apply. There is increasing pressure to test it out, but the banks are belligerent. The good news is that Vic is one of the few states with half-decent unfair contract terms legislation. Link to comment Share on other sites More sharing options...
narikaa Posted June 22, 2007 Report Share Posted June 22, 2007 Jeeez you mean some people spend money they havent got! Incredible Link to comment Share on other sites More sharing options...
watcher Posted June 22, 2007 Report Share Posted June 22, 2007 Just doing the very same thing myself and expect a reply next week from the bank. They owe me enough to buy a genuine Yachtmaster!!! Link to comment Share on other sites More sharing options...
Stephane Posted June 22, 2007 Report Share Posted June 22, 2007 I wish I was in UK Link to comment Share on other sites More sharing options...
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