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Post by carrie17491 on Nov 4, 2011 13:32:26 GMT
I am SICK to death of s***y bank charges and interest rates soaring!!!! anyone else fed up with this?!!!
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Post by sageandonion on Nov 4, 2011 15:05:52 GMT
What are the bank charges for? To be honest, I wish interest rates would rise, no point in saving money any more.
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Post by chestnutandfourwhites on Nov 4, 2011 15:21:17 GMT
i wish i didnt have to save any more ,but i do and i have too.
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Post by Karen, garrettponies on Nov 4, 2011 16:30:06 GMT
I have managed somehow, not sure how, to get just over £2k saved up, guess how much interest i got for a month? £2.00 whoopeedoo, not sure what to spend it on, won't get me two ice creams ;D So thats a princely £24 over a year, doesn't even half fill my car up! Sadly my hard earned savings are soon to disappear into the hands of a greedy electrician. In one hand, out the other  |
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Post by carrie17491 on Nov 4, 2011 20:30:35 GMT
Because my stupid bank let money go out that isn't there sending me over drawn! I have very bad money management skills and they are meant to help!
Oh I mean interest rates that benefit that bank! Of course they keep going up and up and up and up.......
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Post by honeybees on Nov 4, 2011 20:39:09 GMT
Sorry they are not meant to help you manage your money. That is your responsability - if you pay for some thing on card i.e. shopping in sainsburys then that could take up to 3 days to show on account and come out. It is not instant.
If you withdraw cash at least you will then know what you have.
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Post by xxshowponyxx on Nov 4, 2011 20:48:47 GMT
Because my stupid bank let money go out that isn't there sending me over drawn! I have very bad money management skills and they are meant to help! Oh I mean interest rates that benefit that bank! Of course they keep going up and up and up and up....... I have a seperate account which all of my bills go out of and every month I make sure enough money goes in, and I just let it sort itself out. If you need to be careful about what you are spending I agree with the above, draw out your weekly or daily budget in cash and when its gone its gone!! |
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Post by pimms'o'clock (Jess) on Nov 4, 2011 21:28:50 GMT
Totally know what you mean carrie!! my bank always charges extra things. if i go into my overdraft im charged a fiver a day then if i go over my overdraft limit im charged a tenner a day |
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Post by carrie17491 on Nov 4, 2011 21:29:32 GMT
Good idea guys  chip and pin is the worst thing ever invented! |
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Post by cayo on Nov 5, 2011 6:58:18 GMT
Totally know what you mean carrie!! my bank always charges extra things. if i go into my overdraft im charged a fiver a day then if i go over my overdraft limit im charged a tenner a day its disgusting lloyds did this with my daughter took seven days to tell her and she owed them £70 being £4 over  |
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Milliesmum
H G Addict
COCKERP00S RULE!!!
Posts: 23,901
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Post by Milliesmum on Nov 5, 2011 9:48:12 GMT
Organise an overdraft facility? I don't want a huge one, I just have a £50 one on my account, but I never aim to go overdrawn, it's just there as a safety net if I go over by the odd pound or two. Saves me getting charged.
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Post by sageandonion on Nov 5, 2011 11:51:33 GMT
Because my stupid bank let money go out that isn't there sending me over drawn! I have very bad money management skills and they are meant to help! Oh I mean interest rates that benefit that bank! Of course they keep going up and up and up and up....... You must go seek advice on your inability to manage your money. You know it is a weak side and it is not a born skill, we all have to learn to do it and you must take responsibility for yourself. How is your bank stupid? If you went overdrawn without an arrangement, then you jolly well deserve your bank charges. You have effectively used money that does not belong to you. I am not going to apologise for not being sympathetic, that will just condone what you have done and say it is ok to go on to the slippery road to debt. It is not, sort yourself out before you get into real financial difficulty. |
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Post by tuppence on Nov 5, 2011 14:50:06 GMT
You can work the system so you don't end up paying charges.
1. Banks will lend you loads of money so long as you can prove you don't need it! So take any overdraft facility they offer you - you may never use it but if you go over drawn by a couple of pounds for a few days, at least you won't be charged. Barclays LURVE me; I have a £1500 overdraft and another £1000 that they turn a blind eye to, so long as it's only for a couple of days.
2. Do internet banking and have all of the first £32K of your savings (!) in the same bank as your current account, for ease of transfering money quickly if you need it. This means you can check your account's balance daily if you are worried and move money to prevent charges.
3. Don't spend money you haven't got.
4. I find it easiest to use my credit card to all my out of pocket expenses and then take the one lump per month out of my current account. HOWEVER - I know my wages will cover all my normal monthly out goings.
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Post by honeybees on Nov 5, 2011 16:38:15 GMT
Number 3 from tuppence is great advice... Just don't spend what you have not got. Simple |
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Post by network on Nov 5, 2011 18:05:53 GMT
I sympathise with you Carrie, banks are very keen to throw money at you but when you ask for help they put their shutters up, yes you were wrong to spend money you didnt have, but in my opinion bank charges are way too high, I was with a high street building society turned bank that charged by at £5 per day for going overdrawn by just £3.50, I was unaware I had slipped overdrawn by this amount and it took them two weeks to write to me to tell me not only had they charged me £25 for going over but then an additional £5 per day, and all for £3.50 - so in total £95 worth of charges Then the problem comes that you are short nearly £100 when your wages are paid into the bank and not all of us have enough disposable income to cover this  I am now very careful with my money and bank online using a current account and a savings account attached, which means I can transfer money straight into my savings account when I am paid just leaving enough money in my current account to cover the DDs, each week I transfer from my savings account across to my current account to cover that weeks spending  My one suggestion is dont ignore the situation as it only gets worse, speak to your bank to see if they can help, check other banks as some banks charge far more for overdraft facilities etc than others |
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Post by chestnutandfourwhites on Nov 13, 2011 22:16:29 GMT
a friend at work told me last week ."money is only a problem when you dont have any".how right she was
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chip and pin is the worst thing ever invented! 
