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Customer sends bailiffs in to seize bank's computers (arrogance gets its due)
http://www.thisislondon.co.uk ^ | 19.01.07 | Staff

Posted on 01/20/2007 7:02:31 AM PST by ChildOfThe60s

A man who was fed up with paying massive bank charges decided to give one of the high street giants a taste of its own medicine.

When Royal Bank of Scotland refused to refund £3,400 charges that Declan Purcell believed he was owed, he sent in the bailiffs.

Stunned customers at his branch of RBS watched as debt collectors seized four computers, two fax machines and a till filled with cash.

The branch manager was told that the items would be sold unless RBS came up with the money owed to Mr Purcell.

Only when the manager gave an undertaking that the debt would be paid did the bailiffs leave.

Mr Purcell said: "I think the bank was pretty shocked when the bailiffs went in. But my view is that this is exactly what they would have done to me."

The move, which will raise a cheer from millions of other bank customers, is part of a consumer fightback against bank charges, which net an estimated £4.5 billion every year.

Every time a current account customer goes overdrawn by as little as £1 most banks will charge around £28, even though the administration cost is only about £4.50.

Then every cheque, direct debit, or card transaction that goes through or is bounced incurs another charge of up to £38.

The Office of Fair Trading is investigating whether banks have implemented these charges unlawfully.

The Daily Mail's Fair Play on Charges campaign and that run by the Consumer Action Group have helped thousands reclaim charges in the past year.

Like other customers Mr Purcell, 48, from East London, had warned his bank that he was prepared to go to court to claim back charges he believes were imposed unlawfully.

In June last year he demanded the refund of £3,400 charges he accrued during the previous six years while running a motorcycle dealership.

RBS ignored the claim so in October Mr Purcell filed an online application to get the money back through the county court.

After 30 days the bank had not responded and so on December 10 the court ruled in Mr Purcell's favour.

It ordered RBS to pay the charges and £120 court costs. When RBS again failed to respond Mr Purcell got the court to give him a warrant of execution, allowing him to order debt collectors to reclaim items from the bank equal in value to the amount he was owed.

Finally on Monday, January 8, a team of debt collectors walked into the busy Camden Town branch in North London, demanded to see the manager, showed their court order and announced that they were repossessing items.

Mr Purcell, who now works for London Underground, said: "I was dismayed by the bank's reaction when I made my claim for a refund – it was so rude and arrogant.

"They thought they were above the law, so it is great to know that customers can use the law in the same way the bank does to get money they are owed."

A spokesman for RBS said: "We are looking into this as a matter of urgency, but early indications suggest that unfortunately due to an administrative error, the bank failed to defend the claim leading to a default judgment being obtained on the branch and a resulting warrant.

"The confusion was cleared up at the branch."

Marc Gander, who set up campaign website Consumer Action Group, which helps consumers get refunds from their banks, said: "I am quite sure that Mr Purcell will not be the last person to send bailiffs in to his bank.

"The continued operation by UK high street banks of their unlawful charges regimes will see to that.

"The heavy-handed debt collecting approach is something that the banks have been handing out to their customers for years. Mr Purcell simply gave them a bit of their own back."


TOPICS: Business/Economy; Extended News; United Kingdom
KEYWORDS: banks; deadbeats; fees; fightingback
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After 30 days the bank had not responded and so on December 10 the court ruled in Mr Purcell's favour

Hah! The mouse that roared. ROTFLMAO.

This, more than anything else defines bank's attitudes towards customers.

1 posted on 01/20/2007 7:02:32 AM PST by ChildOfThe60s
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To: ChildOfThe60s
A spokesman for RBS said: "We are looking into this as a matter of urgency,

One would think . . . I imagine what they're really looking into is precisely which employees of the legal department are about to be unemployed.

2 posted on 01/20/2007 7:08:47 AM PST by GovernmentShrinker
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To: ChildOfThe60s

Reminds me of an article I read several years ago about bank charges on insufficient funds. According to the article the banks had a policy that they would process al the drafts occurring on a day in decreasing order based upon the amount, the largest check first.

This has the effect of increasing bank charges for over drafts. Suppose a customer writes five checks, one for $1000 and four for $10 each. The customer has $1005 in his account. If the largest check is processed first, then there are four overdraft charges. If the smallest are processed first, then there is only one overdraft charge. At $30 a pop, the customer fees are increased from $30 to $120 all for the same situation.


3 posted on 01/20/2007 7:10:28 AM PST by DugwayDuke (Yes, I am a rocket scientist.)
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To: ChildOfThe60s
What banks apparently fail to realize is that the money they control belongs to someone else! NONE of those deposits are their own. So when they try to cut corners by restricting access to your own money, or by charging you fees to gain that access, you are entitled to be outraged.

Practically every bank I know has cut back on its services -- no more returned checks, no more reconciliation assistance, no stop-payment orders, no money orders, even a limit on the number of withdrawals and deposits per month -- unless you're willing to pay a fee for each service, or keep some astronomical balance in your account(s).

Somebody somewhere is going to open a bank that is less concerned with making money than with serving its customers. And he's going to corner the market.

4 posted on 01/20/2007 7:11:44 AM PST by IronJack (=)
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To: IronJack
Somebody somewhere is going to open a bank that is less concerned with making money than with serving its customers. And he's going to corner the market.

IMO, the concepts of making money AND serving customers are not incompatible. Just the opposite. One makes more money.

I live in a small town with (gasp) local banks. But I also use ING (an internet bank, no brick and mortar), quite impressive the interest I am receiving. Try 4.5% for completely liquid savings account ($250 min) and 3% for checking.

5 posted on 01/20/2007 7:18:40 AM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: ChildOfThe60s

Score one for the people.


6 posted on 01/20/2007 7:23:33 AM PST by Frwy (Eternity without Jesus is a hell-of-a long time.)
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To: ChildOfThe60s
My bank hopes and prays that people overdraft with their debit cards or checks. They charge $30+ for each occurrence. One day when I didn't realize my wife had paid a large bill, I stopped at the grocery store and overdrew by about $2. There is no notification, it just says "approved".

Later in the day I drove through McDonalds for my grandson and spent $4, then I later bought a coke for $1. All were approved with no notification.

When I got home I found my account $100 overdrawn due to $90 in charges. I asked the bank to change my account so that any overdrafts would be denied at the POS. They said there is no way to do that, all overdrafts will continue to be approved with no notification and I must pay all the charges.

Now I realize that it's my fault that I overdrew, but why can I not be advised of that fact at the POS? The system knows the funds are not in the account. There should be a question such as "If you continue with this transaction there will be an overdraft fee. Continue? Y/N".

I think the banks love this source of extra revenue.

7 posted on 01/20/2007 7:23:58 AM PST by Sender ("Great powers should never get involved in the politics of small tribes.")
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To: IronJack

Somebody somewhere is going to open a bank that is less concerned with making money than with serving its customers. And he's going to corner the market.

Where, oh where is George Bailey when you need him..


8 posted on 01/20/2007 7:25:54 AM PST by GeorgiaDawg32 (I'm a Patriot Guard Rider..www.patriotguard.org for info..)
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To: ChildOfThe60s
This, more than anything else defines bank's attitudes towards customers.

This defines most banks attitudes. In my experience the big banking conglomerations are all like this. You know the ones, you have problems keeping the name straight because they change it every few weeks. I refer to them generically as Nocturnalaviationbancorp. I used to do my banking with a couple of such.

I now deal with a small town bank. Their branch is a half mile from my home. They recently celebrated their 70th anniversary. I have no doubt that they will be in business for at least 70 more. The staff, from the branch manager to the newest teller is uniformly friendly and helpful. This is true even with the main branch. Many of the tellers remember my daughters from when I would bring them in while doing my banking. Those daughters are now customers there, too. Every other customer I have ever talked to is equally satisfied with their service.

9 posted on 01/20/2007 7:33:32 AM PST by magslinger (LOST-My tagline. It's short, and incredibly funny. If you find it please FReepmail Magslinger.)
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To: Sender
Yeah, the same thing happens with credit cards. No more "credit limit reached" rejections. Major league cash cow.

Banks absolutely love debit cards, which I never use. I charge [literally] everything on my Visa and make one giant payoff each month. As long as one's credit limit is high enough to cover a whole month's spending, and you pay it off each month of course, it avoids that pitfall. And I like the idea of using their money for 45 days.

The best we can do is shop around for banking services. There are better deals out there. If you're willing to deal with a bank that may not have a physical presence in your town, you can do better.

10 posted on 01/20/2007 7:34:20 AM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: ChildOfThe60s
RBS (Royal Bank of Scotland) has been on a acquisition spree for some time now. One of their acquisitions, a bank where I've had my Mastercard account for fifteen years.
The card was not heavily used and the monthly balance almost always paid off ... my Mastercard was used mostly as a backup to my AMEX card ... not everyone takes AMEX.
Anyway, this past October I noticed a late charge (about $45.00) on my statement. I called to find out why the late charge. I was told it was 2 days overdue, the payment goes to an business address some 800 miles miles from where I live. Long story short, I was speaking to a rude female who acted like I was a deadbeat ... my credit score is top ranked. She would not drop the charge so I asked her what does it cost to bring a new customer onboard? Surely more than the amount of the outrageous late fee ... because, as we speak, I'm cutting up your Mastercard ... and after 15 years our business relationship is over.
11 posted on 01/20/2007 7:44:56 AM PST by BluH2o
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To: IronJack
restricting access to your own money

precisely why I no longer bank at M&T

they were obligating me to have a copy of my wifes drivers lic when cashing a check made out to both of us that had been double signed, while another M&T branch down the road did not - the first branch claimed it was part of the patriot act

they were unyielding

They lose

12 posted on 01/20/2007 7:45:19 AM PST by Revelation 911
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To: ChildOfThe60s

"Banks absolutely love debit cards, which I never use"

My bank lets me use my 'debit' card as a credit card.

As long as I have the funds to cover my purchases, there is no problem and no charges.

BTW: If I try to charge something without enough in my account, the machine will say 'insufficient funds for this transaction'.


13 posted on 01/20/2007 7:47:18 AM PST by Bigh4u2 (Denial is the first requirement to be a liberal)
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To: DugwayDuke
Seafirst banks in the PNW have a similar scheme.

If you have $30 in your checking account, say, and they're monthly fees add up to $6. When a check for $28 comes in, they first take their $6, which don't leave you enough funds to cover the check. They then bounce your check and charge you another $20 for the bounced check.

In order to get the check to clear, you have to pay the $20 then deposit the $28, because if you simply deposit the $28, they'll $20 out of that for the bounced check and the cycle continues.

In my experience, Seafirst was the most cold, ruthless and unreasonable banks to work with. There was no negotiating. The immediate buck meant more to them than years of being a customer with funds in their bank.
14 posted on 01/20/2007 7:52:21 AM PST by Ghost of Philip Marlowe (Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
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To: Sender
And why can you not elect to have funds transferred from savings automatically if you are going to overdraw?

SeaFirst in the PNW ONLY allows this if you have their own issued credit card. Yes. You have to pass their credit check to have your own funds transferred from your savings account to your checking account in order to avoid overdraft.

We need alternative banks and alternatives to public education.
15 posted on 01/20/2007 7:54:36 AM PST by Ghost of Philip Marlowe (Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
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To: IronJack
Somebody somewhere is going to open a bank that is less concerned with making money than with serving its customers. And he's going to corner the market.

It's called a credit union, and they are eating the various banks' lunch in terms of people switching.

16 posted on 01/20/2007 8:04:01 AM PST by ikka
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To: Ghost of Philip Marlowe

I had a master card account with Peoples Bank, they were bought out by RBS. For no reason my interest rate went from 9.9 to 15.99. I paid it off and closed the account. Now they send me teasers at least twice a month.


17 posted on 01/20/2007 8:10:52 AM PST by rocksblues (Do unto others as they do unto you!)
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To: ChildOfThe60s

I wonder if he has closed his account at that bank.


18 posted on 01/20/2007 8:15:10 AM PST by B4Ranch (Press "1" for English, or Press "2" and you will be disconnected until you learn to speak English.)
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To: ChildOfThe60s
In the 1950's (don't remember the exact year) a judgment was rendered against the Southern Pacific RR in Tucson. The SP didn't pay so a order was issued to the sheriff and he went to the depot and handcuffed himself to the Sunset Limited. The SP had the check there in no time. Some times you have to do what you have to do.
19 posted on 01/20/2007 8:19:07 AM PST by engrpat
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To: ChildOfThe60s

My mathbe off but it sounds like this guy bounced about a hundred checks.


20 posted on 01/20/2007 9:04:46 AM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: ChildOfThe60s

Wow


21 posted on 01/20/2007 9:05:08 AM PST by A. Pole (Serbian proverb: "Bog visoko, a Rusija daleko." [God is high above, and Russia is far away.])
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To: BluH2o
She would not drop the charge so I asked her what does it cost to bring a new customer onboard? Surely more than the amount of the outrageous late fee ... because, as we speak, I'm cutting up your Mastercard ... and after 15 years our business relationship is over.

Yeah, but they were glad to see you go.

You know what credit card companies call their customers who pay their balance in full in time?

Answer: Deadbeats.

22 posted on 01/20/2007 9:28:28 AM PST by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)
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To: IronJack

***Practically every bank I know has cut back on its services -- no more returned checks,...***

My own bank has stopped sending the checks back, BUT you can actually get the checks with your bank statement for $60 A YEAR. Thanks for nothing, bank.

About the only thing they do in banks today is to try to sell investments to the unwary account holder. Even on a routine visit to the teller to make a small deposit, the tellers can see your holdings and will refer you to a STOCKBROKER sitting in one of their offices masquerading as an assistant manager. I've discovered that I can put as much faith in the assistant manager/stockbroker as I can in some place that sends me an offer in the mail. Which is none.


23 posted on 01/20/2007 9:52:24 AM PST by kitkat (The first step down to hell is to deny the existence of evil.)
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To: GeorgiaDawg32

***Where, oh where is George Bailey when you need him..***

If still alive, George Bailey would be working for a multi-national banking firm and have NO say about how customers' are treated.


24 posted on 01/20/2007 9:55:24 AM PST by kitkat (The first step down to hell is to deny the existence of evil.)
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To: Bob J

I think this discussion is missing a significant point in the story. That is, the bank was not forced to pay the money back to him because the charges were ruled improper. The judgement was against them because they refused to even respond to his claims, thus abdicating their legal rights.

It seems to me a bank can pretty much charge you what they like (legally) as long as it is made clear up front what these charges are going to be and the customer enters the relationship with a clear understanding of these charges. I don't think they are fair or reasonable charges, but if one takes the account with full knowledge of the potential charges, well, I can't see any illegality here.

As far as this guy's figures, he may very well have computed interest and damages into the amount for which he was suing.


25 posted on 01/20/2007 10:03:13 AM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: ChildOfThe60s
Will you take a moment and re-read what you just posted?

IMO, the concepts of making money AND serving customers are not incompatible. Just the opposite. One makes more money.

I live in a small town with (gasp) local banks. But I also use ING (an internet bank, no brick and mortar), quite impressive the interest I am receiving. Try 4.5% for completely liquid savings account ($250 min) and 3% for checking.

The first paragraph, which is a platitude, and the second paragraph, which is how you have decided to live your life, are in opposition with each other.

26 posted on 01/20/2007 10:06:40 AM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: ChildOfThe60s
Edmund Blackadder: Look, for God's sake, McAdder, you're not Rob Roy. You're a top kipper salesman with a reputable firm of Aberdeen fishmongers. Don't throw it all away. If you kill the Prince they'll just send the bailiffs 'round and arrest you.

McAdder: Oh blast, I forgot the bailiffs.

27 posted on 01/20/2007 10:14:25 AM PST by LibKill (ENOUGH! Take the warning labels off everything and let Saint Darwin do his job.)
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To: Balding_Eagle
The first paragraph, which is a platitude, and the second paragraph, which is how you have decided to live your life, are in opposition with each other.

Platitude? I am in sales. I make more money because I do just that. I provide more and better service than my competitors. That's what keeps my customers loyal and placing orders with me. If I served my customers less, I'd take a hit in the pocketbook.

the second paragraph, which is how you have decided to live your life, are in opposition with each other.

That statement makes absolutely no sense whatsoever.

28 posted on 01/20/2007 10:20:17 AM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: ChildOfThe60s

Platitude: Trite remark

You say good customer service will bring in more business. Yet you yourself send your big money away from the bank that gives the best customer service to someone who provides very little customer service.

Nothing wrong with that, just don't lecture us on how good customer service will attract customers. It doesn't even attract you.


29 posted on 01/20/2007 10:45:57 AM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: ChildOfThe60s

"The confusion was cleared up at the branch."

Heh. Love that Brit understatement.


30 posted on 01/20/2007 11:15:13 AM PST by gcruse (http://garycruse.blogspot.com/)
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To: IronJack

"keep some astronomical balance in your account(s)."

In the case of my Bank of America account, that balance is five thousand dollars, which earns interest and saves me banking fees. As to whether five thousand dollars is 'astronomical' I guess it depends on what universe one lives in.


31 posted on 01/20/2007 11:18:12 AM PST by gcruse (http://garycruse.blogspot.com/)
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To: Balding_Eagle
don't lecture us on how good customer service will attract customers. It doesn't even attract you.

First of all, I'm not lecturing anyone. I'm stating facts.

If service didn't count, as I say it does, I wouldn't do any local business. Because I don't put all of my banking business in one place in no way negates what I said. It's not all or nothing.

I'm not the only vendor that many of my clients deal with, but my piece of their pie is bigger because I go the extra-and they tell me that is the case. .

I shop at Wally World, but I also do considerable shopping at the local hardware store, where I might add, I pay higher prices in exchange for (primarily) superior service.

Instead of devoting your efforts to belittling me, why don't you demonstrate how customer service counts for nothing, as you seem to be trying so hard to say.

32 posted on 01/20/2007 11:56:58 AM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: ChildOfThe60s

Customer service counts, no where did I say it didn't.


If pointing out that your words and your actions are not in sync with each other, well, if the shoe fits..........


33 posted on 01/20/2007 12:04:41 PM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: Balding_Eagle
Customer service counts, no where did I say it didn't.

No, what you are intent on saying is that because I bank at more than one institution, service is not a factor in my decision making.

If pointing out that your words and your actions are not in sync with each other, well, if the shoe fits..........

They are quite in sync with each other. What I don't follow is why you seem to have such an attitude about it.

34 posted on 01/20/2007 12:17:07 PM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: gcruse
As to whether five thousand dollars is 'astronomical' I guess it depends on what universe one lives in.

I suspect a lot of folks don't have five large just laying around with nothing better to do than keep the bank happy.

35 posted on 01/20/2007 1:21:16 PM PST by IronJack (=)
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To: IronJack

Your hyperbolic astronomical won't even buy a good used car.


36 posted on 01/20/2007 1:25:45 PM PST by gcruse (http://garycruse.blogspot.com/)
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To: gcruse
Your hyperbolic astronomical won't even buy a good used car.

Well, since it's so trivial a sum, drop it in an envelope and mail it off to IronJack, 'kay?

37 posted on 01/20/2007 1:29:25 PM PST by IronJack (=)
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To: ChildOfThe60s; Balding_Eagle

I agree with balding eagle. You go on about the virtue of companies spending for good customer service while...

"But I also use ING (an internet bank, no brick and mortar), quite impressive the interest I am receiving"

... you send your business out where there is none because you get a return your wouldn't get if the internet company had to pay for customer service.


38 posted on 01/20/2007 1:30:11 PM PST by gcruse (http://garycruse.blogspot.com/)
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To: IronJack

I put it to a better use, rather than squawking about evil bankers.


39 posted on 01/20/2007 1:31:15 PM PST by gcruse (http://garycruse.blogspot.com/)
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To: gcruse
I put it to a better use, rather than squawking about evil bankers.

I don't recall using the word "evil." I did make note of the fact that most banks do not offer the same level of services they once did, or that those services now cost their depositors where they used to be free. I also pointed out that the money banks handle don't belong to them, but to the depositors, and that it is an upsetting practice to charge people for access to their own money.

If you construe that as "evil," maybe you'd be better off spending that 5K for a couple of sessions with a caring professional.

40 posted on 01/20/2007 1:45:28 PM PST by IronJack (=)
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To: IronJack

You're right. I shouldn't have said evil. That was as manipulative as your astronomical.


41 posted on 01/20/2007 1:50:43 PM PST by gcruse (http://garycruse.blogspot.com/)
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To: ChildOfThe60s

My bank has something called a PRA (Personal Reserve Account). If I overdraw they will "lend" me up to $1000 until the next pay period (15th or the 30th) without interest or fees.

If I pay off the PRA before the next pay period it costs me nothing. If I choose to carry that balance forward (or forget to pay it off) the interest rate on that short-term loan is a few bucks a month and a $15 monthly fee.

They even call me when there is suspicious activity on my account! I have no fees on my checking account and don't carry much of a balance either. I love my bank!


42 posted on 01/20/2007 1:59:32 PM PST by WIladyconservative
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To: magslinger
I now deal with a small town bank. ... Every other customer I have ever talked to is equally satisfied with their service.

Millions of Americans are customers of big banks like Bank of America, which spends over half a billion dollars a year on advertising (over $600 million, actually) to try to induce new sheep to be sheared.

Once you're a customer, they then cheat you every chance they can, and generally treat you like dung. Despite all the BoA customers I know, not one of those customers ever chose BoA because of its customer service. (That would be like picking Abdul al-Masri as your tour guide).

Bank of America, too, started as a small bank (for immigrants from Italy, on the West Coast). The current managers forgot that, never bothered to learn, or (and this is most likely) simply don't give a damn.

I heard a BoA radio ad today, boasting about their savings account. The rapid-speaking Fine Print Guy at the end spilled the account's APR, which the slower-talking announcer called "competitive": 0.2%. Not two percent. Two-tenths of a percent.

It sounds like this British bank in this thread also studied at the "Up Your Nose" school of customer service.

Like internet spammers and scam artists, the big banks have basically become another criminal enterprise, but one like gambling that is now such big organized crime that it can hire lawyers to rewrite its crimes into legality.

d.o.l.

Criminal Number 18F

43 posted on 01/20/2007 2:32:30 PM PST by Criminal Number 18F (Maybe the war is lost but let's still kill the enemy, just to offend Nancy Pelosi)
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To: gcruse; ChildOfThe60s; Balding_Eagle

Could it be that, without the service offered by the local banks, he wouldn't use them at all? That it is their service that earns them a share of his banking, despite their noncompetitive rates?

Some people seem to have a difficult time comprehending this.


44 posted on 01/20/2007 2:51:46 PM PST by Young Scholar
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To: Young Scholar

I think you're exactly right.

I was commenting on how that service doesn't earn what seems to be best 'sale'. Instead the big money gets shipped off to an internet bank that provides very little customer service. Meanwhile the local bank has to make do with his high service needs checking account.


There's nothing wrong with shipping it elsewhere, just don't tell us how customer service is going to draw business. I'll go by what he does rather than by what he says.

Kind of like living with one woman who fixes the meals, washes the cloths, makes the bed. Come time for some good lovin' and you rush off to someone else. And then claim that good cooking will 'always keep the man'!


45 posted on 01/20/2007 3:09:49 PM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: ChildOfThe60s

Don't get between a laddie and his due!


46 posted on 01/20/2007 3:34:33 PM PST by Graymatter
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To: gcruse

Ah well, I don't see a meeting of the minds on this. But I will respond with this:

Of the money I have in banking institutions, 90% is with LOCAL (by that I mean in my little town of 9,000 people) institutions, 10% with ING (the internet bank). ING provides me with a place to park the minority of my money in a liquid state that draws relatively high interest.

If you both think that 10% of my money somehow makes me disloyal to the local banks, then there isn't much I can say to that.

Do you do more than 10% of your retail shopping at big box stores? If you do, then you have no room to talk.


47 posted on 01/20/2007 3:39:20 PM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: Balding_Eagle

See my post #47. It ain't the big money getting shipped off. You just assumed that.

My local credit union and bank are getting one hell of a lot more money than ING. Damn near all my money is parked locally.

But you are so ready to rush to judgement that you assume the opposite. Funny thing is, I've looked at your various posts and by them I wouldn't have expected you to be prejudicial.


48 posted on 01/20/2007 3:51:36 PM PST by ChildOfThe60s (If you can remember the 60s......you weren't really there)
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To: ChildOfThe60s

btt


49 posted on 01/20/2007 3:53:00 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: ChildOfThe60s

That does put a different view to things, but surely you wouldn't expect me to ask you about amounts of money would you?

You're unusual (very unusual) in that you have most of your money in short term accounts, and the minority in a CD.

You're right, in light of the facts, I must withdraw my criticism of you.


50 posted on 01/20/2007 4:07:13 PM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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