Don't banks just get on your nerves??
June 18, 2010 3:32am CST
Banks really are beginning to annoy me big style!! They seem to be expert at getting money off you! Apart from the crippling charges that they manage to get off people 9 £30 to send a letter - what!!)they have so many clever little ways of making money on our backs. Take a cheque - if I put a cheque in on a Monday I can't get my money until the Friday ( where is that money in between - making interest for banks - that's where) If my daughter is hard up (which is often) I will lend her some money, we live 60 miles away, we both bank with different bank companies, and yet with a click of a button on my PC I can transfer money instantly from my account to hers, so I am sure there are quicker ways of clearing a cheque. This really gets on my nerves - just imagine what figure of money a week is in the 'clearing house' - someone is making nicely there. Then there is the debit card - I buy something for £40 - immediately that money is taken from my bank account, however (as happened to me yesterday) if I need to return a faulty item and get a refund, it has to be put back on my debit card - ok does that £40 go on as quickly as it comes off when you buy it ? No way - I had the £40 put back on my card at 9.00am yesterday - it's still not back in my account - it will be Monday at the very earliest - so again who is getting the interest - not me that's for sure!! Think I should have been a bank!
2 people like this
18 Jun 10
banks get on each and every one of my nerves...! i've experienced each and every one of your situations that you brought up, and more.. they chase us for all sorts of payments, even the ones that aren't even due yet! 'i'm sorry sir, but the system says that we haven't received your payment which you already have made. the cheque has been processed, but isn't reflected here yet. so can you please pay us some more because we're blood-sucking mosquitoes who want to irritate you for everything you're worth..' right now i have half a mind to overpay my credit card by 50%, and call them and bug them every single day to demand a refund. if they don't give me my money in two days, i'm going to get my lawyers to camp right outside the bank's doors and harass them everyday like what they do to me.. every single time the bank wants something, they say it's 'policy'. well, from now on i'm going to tell them that i've got my policies too! sorry...just needed to vent a bit :)
19 Jun 10
you deserve some sort of award for that! it's such a rare achievement, as most of the time those darn banking companies have some sort of nonsense 'loophole' to hide behind check this out; the local government disburses interest free loans and grants via banks, because they have the network to do it. well, ok so far.. and then the banks charge an exorbitant application fee, and we have to maintain the money in an account with the bank. and we're charged for maintaining the money with the bank, because it's a 'special' account. and we have to pay for consultancy fees for 'Financial Management Consultancy'. and we're limited by the banks by how much the drawdown is. and the Government can only do Jack Schitt because it's 'out of their hands'. so we end up with a much reduced amount that can be actually used.. after that whole worldwide economic fiasco, the banks have pledged to reduce their fees & rates to help their customers and stuff. and they reduce it by a measly percentage that doesn't even change much in the overall outcome.. and that isn't even the personal stuff yet..it is so frustrating dealing with them..and worst still when there isn't any other alternative but to deal with them
18 Jun 10
They are the same here in Australia, I hate the fees we get when we use an A.T.M that is not our bank, they charge $2-3 per transaction. I had the same thing with a refund to my debit card as well and it took days to get back into my account. Now I withdraw money at the supermarket when I buy groceries as it does not charge a fee and I stay away from counter transactions as well, as they charge for that to.
18 Jun 10
You are absolutely right, oldchem. It is frustrating. It takes a second for them to take the money out of your account, but takes days (usually 7 working days) to refund your money into your account. That is not right. The one I liked best is - on my mother-in-law's business account statement, there was a charge listed for 'Free Information Booklet' (for £12.30)!! I mean, they can't even be bothered to hide the fact that they are just making up charges.
19 Jun 10
The same thing is happening over here in India. Over the past decade thanks to the Internet banking they introduced a range of services free of cost. Now they are beginning to charge for those services. For e.g. if I transfer money from my account to another, they are levying a charge for that. If I go to the ATM and withdraw money more than a few number of times, they put a charge to it. It just seems to be going on and on. I am myself beginning to get frustrated with it and hope that somebody sees the sense and nonsense of all this and brings this to an end. Cheers! Ram
18 Jun 10
Hi Oldchem, Yes banks infuriate me, I recently had to take a tv back to tecso as the inbuilt dvdhad broken and only had it about a month, it was over £200 worth and I had to wait from the Thursday until the Tuesday for the money to show back into my bank and yet like you say the money was taken immediately from account the day I purchased not a few days later. Also Tesco again, not happy with them at present charged me threetimes for my groceries as they said my cardhadn't gonethrough andbecauseeach timemy bank had issued an authorisation code I didn't get the money back until three days later. I was left with no moneyover a whole weekend because of this. Tesco as a way of apology sent me a £10 gift voucher but hey I was left with NO money, couldn't put diesel in the car to take my son togethis new school shoes desparately needed etc but as I live bymy means in the sense I have no overdraught facilty nothing, no credit cards etc I felt the bank could have been more helpful and a £10 voucher didn't cut it either. I have to shop at Tesco as they have the monopoly in my town else I wouldn't Huggles. Ellie :D
19 Jun 10
I hate banks too, and the funny thing is, I used to work at a bank, so I know all their tricks! (That just made me dislike banks even more, there are really so many things people are not even aware of) The best tip I can give you is to try to change banks if you can, in most countries there are a few decent banks you can use instead of the annoying ones!
18 Jun 10
hi oldchem, i can see your point here very clear, and i totally agree with you. but there is another thing that is making me very angry at the moment. 2 months ago, i applied for another account with a different bank, and while waiting for my application to get sorted out, one of the staff took a chance to suggest me to take this package, that package...you know, too many kind of package i just can't remember. so i was quite interested with the one called future saving plan, which they will be taking 100 out of your account every 1st of month. but to apply for that package (which is it's going to be my money), i had to pay RM8. so i said ok, and they deducted 100 from my account right away for that month. but i have not signed the agreement yet, and they said i can come anytime when i'm not busy to sign..and they also said until i signed the agreement, the package won't be activated and they won't be deducting any money from my account. i went back home and thought back, and realised what they said which is it won't be activated until i signed but they already took 100 out of my account just now. well, ok, i said i will go and sign soon anyway. which i never actually done until 2 months later because i was very busy. and guess what, i got my statement, and i saw a transaction of 100 for the month which i never actually done any transaction that month! when i looked at the detail, it was the bank. so i ended up shouting on the phone with them and i said i do not trust them anymore. i didn't forget to say to the person on the phone that that was illegal for them to treat a customer that way, and i said i'm going to write an official complaint..i think it's ok to do that because i have not signed the agreement yet, unless if they faked one lol