News Cash machine charges on the way back?

[cHodAX]

Already happening in the states, charges of up to $5 per withdrawl (£3 or so) from other banks cash machines, HSBC are doing over there and making a killing as well, the banks raked in $7 billion from cash machine charges alone last year.

Chase Tests $5 ATM Fee

They have a fucking cheek, we bail them out, pump billions into the banking sector to ease borrowing and get LIBOR working again, now the greedy fuckers want to slap our arses for more money. If this happens in the U.K. I will be out on the streets protesting for the first time in my life.

 

[Ch3tan]

You realise this is common practise in a lot of countries, we are quite lucky here to have it free to be fair. The banks realised that it's easier than having massive queues in branch. Be thankful we don't have the Aussie system, where you pay to do anything with your money.

I doubt it will wash with the population here.

 

[cHodAX]

You realise this is common practise in a lot of countries, we are quite lucky here to have it free to be fair. The banks realised that it's easier than having massive queues in branch. Be thankful we don't have the Aussie system, where you pay to do anything with your money.

I doubt it will wash with the population here.

Ch3t, we almost sunk our economy to keep the banks afloat, we also tax and regulate the banks far far less than most countries and have allowed them to keep the ridiculous bank charges and interest rates for going slightly overdrawn. I don't care what happens elsewhere, they banks owe us bigtime, our bailout was beyond epic.

The cash machine era is a big fucking scam, they do away with staff saving more money and then charge us for a machine that costs pennies per hour to run? No fucking way. They put their hand out a couple of years ago and we saved them, too many of them imo, now they are coming back for yet another slice of the pie? No fucking way. A bridge too far, a pisstake too many.

 

[Raven]

They always used to charge over here.

 

[megadave]

fuck that, banks are such utter *****

 

[Sparx]

You do realise it would have been a hell of alot worse if we hadnt bailed them out right?

 

[megadave]

they could at least give something back, like try looking after their customers rather than milking them at every opportunity

 

[Marc]

Wheres Mey?

 

[cHodAX]

You do realise it would have been a hell of alot worse if we hadnt bailed them out right?

So now we are in a postition where the banks are too big too fail instead? They can keep taking silly risks, getting insane bonuses and us the shareholder/taxpayer get fucking fleeced in the process. Yes it could have been worse, it could also have been better as you well know.

 

[rynnor]

The main banks cannot surcharge you at an ATM - they were politically muscled out of it last time and their stocks even lower now with the public - its not gonna happen.

 

[rynnor]

So now we are in a postition where the banks are too big too fail instead? They can keep taking silly risks, getting insane bonuses and us the shareholder/taxpayer get fucking fleeced in the process. Yes it could have been worse, it could also have been better as you well know.

Those who own the banks run our politicians - thats why precisely nothing has changed, no lessons learned and we may well have to do it again.

 

[cHodAX]

The main banks cannot surcharge you at an ATM - they were politically muscled out of it last time and their stocks even lower now with the public - its not gonna happen.

Can't? Really? JP Morgan are applying it internationally, HSBC are taking it to other countries as well. It will happen here, IF we let it.

 

[rynnor]

Can't? Really? JP Morgan are applying it internationally, HSBC are taking it to other countries as well. It will happen here, IF we let it.

I was working for a bank during the surcharging fiasco last time - actually I wrote the server side code for it

Basically our bank and the others were told in no uncertain terms that they had to stop or face a full OFT enquiry amongst other things so they all stopped.

Its not completely absent in the UK - the IAD's (Independant ATM Deployers) make their living from surcharging ATMs.

 

[cHodAX]

I was working for a bank during the surcharging fiasco last time - actually I wrote the server side code for it

Basically our bank and the others were told in no uncertain terms that they had to stop or face a full OFT enquiry amongst other things so they all stopped.

Its not completely absent in the UK - the IAD's (Independant ATM Deployers) make their living from surcharging ATMs.

Different government, this one has shown no inclination to regulate the banks or reign them in. It is going to happen because the banks want it to happen and as said earlier, the banks own the governments in a big way through donations from heavyweight people in the banking sector.

 

[gohan]

stop ze crying until it acctually happens here (which i very much doubt it ever will)

 

[rynnor]

It is going to happen because the banks want it to happen and as said earlier, the banks own the governments in a big way through donations from heavyweight people in the banking sector.

They pick their battles though and they cant afford for the general public to see the strings.

Its one thing to suppress complex changes like the seperation of retail and investment banking because most of the public arent interested/dont understand it.

But surcharges are obvious and effect their beer money - it would just be too much of a kicking.

 

[cHodAX]

stop ze crying until it acctually happens here (which i very much doubt it ever will)

Oh sorry Gohan, there was I thinking that this if an Off-Topic discussion forum for exactly this kind of thing.

Tip : If you don't want to read it, don't come back in the thread.

 

[cHodAX]

They pick their battles though and they cant afford for the general public to see the strings.

Its one thing to suppress complex changes like the seperation of retail and investment banking because most of the public arent interested/dont understand it.

But surcharges are obvious and effect their beer money - it would just be too much of a kicking.

And yet they are doing just that to an American public who is already baying for blood from the banks, regulators and government. Don't kid yourself it can't happen here bud, the banks want to re-establish their balance sheets and boost profits, that money is only going to come from the customers.

 

[gohan]

Oh sorry Gohan, there was I thinking that this if an Off-Topic discussion forum for exactly this kind of thing.

Tip : If you don't want to read it, don't come back in the thread.

well people (and by that i mean you xD) are raging about bailing out bank and how they're now screwing us to return the favour, when as it stands they're not doing anything atm (at the mo rather than cash machine )

 

[cHodAX]

well people (and by that i mean you xD) are raging about bailing out bank and how they're now screwing us to return the favour, when as it stands they're not doing anything atm (at the mo rather than cash machine )

Of course I am raging, major banks are expanding these charges internationally even though they are all posting profits, haven't paid back the bailout money and are paying obscene bonuses. Why would I not rage? More importantly, why aren't you? After all, it is us normal folk who graft hard all week that are going to have to pay these fees. You think the fuckers with millions in the bank will have accounts that charge fees? Not likely matey.

 

[Laddey]

The joys of a cash paid job.


I have provided absolutly 0% usefulness to this thread and for that iam sorry!

 

[cHodAX]

The joys of a cash paid job.


I have provided absolutly 0% usefulness to this thread and for that iam sorry!

Back me up anyway you cnut! All the times I have helped you out over the years!

 

[Laddey]

Back me up anyway you cnut! All the times I have helped you out over the years!

Hahah.

Fucking banks, how the fuck can they charge you for taking your own money you worked hard for? Absolute wankas!

If it does actually happen, i'll come to your shithole town and protest with you cHo!

 

[cHodAX]

Hahah.

Fucking banks, how the fuck can they charge you for taking your own money you worked hard for? Absolute wankas!

If it does actually happen, i'll come to your shithole town and protest with you cHo!

Shithole? I don't live in Leyland!

 

[Scouse]

They always used to charge over here.

You're from northampton? In that case I can only deduct you're a child. They tried to charge over here in the recent past. Banking pre that fiasco was always free.

By free I mean total con but you get the drift.

 

[Raven]

You're from northampton? In that case I can only deduct you're a child.

What?

I am pretty sure that pre link network there used to be a £1.00 charge on cash withdrawals on taking money out of other banks machines. Obviously not this particular scam but it was still a charge for using cash machines.

 

[rynnor]

What?

I am pretty sure that pre link network there used to be a £1.00 charge on cash withdrawals on taking money out of other banks machines. Obviously not this particular scam but it was still a charge for using cash machines.

You are correct - we referred to them as 'disloyalty charges' - nomnomnom...

 

[Talyn]

The only time I use a cashpoint these days is when I'm gonna get some THC in plant form. Everything else is paid for by card. (And that's bloody rare at the moment.)

If they bring in the charges maybe I'll give up the smoking... otherwise, couldn't give a toss, haven't used any of the 'big' banks for years. I'll stick with Smile (yes I know it's owned by the Co-Op), they've given good service to me for years, never charged me for anything that wasn't my fault, and when I did moan about the charges (my own fault) they refunded everything anyway. In fact, I'd be happy to recommend them if you want to switch away from the greedy fucker fat cat banks.

The last time I used HSBC (when it was still Midland bank), I closed my account with them, and 6 weeks later tried charging me £50 for going over my overdraft. They soon cancelled that when I showed them I'd closed the account over a month before. Cheeky feckers.

 

[Punishment]

You do realise it would have been a hell of alot worse if we hadnt bailed them out right?

Not really, we didn't bail out the banks we bailed out the people with bonds, big difference

Ireland owes 2x what the repair in Japan is gonna cost and small businesses still cant get loans and back charges are back with a vengeance.

Same shit as always the average joe propping up the rich as always, because shock horror if they ever lost money on a "Risk investment"

 

[old.Tohtori]

Well, all this accomplishes(why does that look wrong? Weird word) is that there will be more people inside the bank, queueing up the place, causing more trouble. Finland had this too if i remember, but they've been going towards an internet/non-bank relationsguip for a long time.

Saldo to your phone, all bills in internets forms, ATM charges are limi8ted to using the paper within(aka, taking saldo on paper) and then ofcourse regular bank costs that cumulate(with one card and net-codes) to about three fiddy / month.

If you don't hgave anything outside closing/opening account/cards/loans, you really don't need to visit the bank. Not sure if you even need to visit for a card if you're an account holder

I don't like it too much though, i kind of enjoyed visiting the bank, but such is life, convinience over pleasure.

Aaaaaaaaanyway, back on original line; bad idea, makes things worse and people pissed off. Looks greedy, as it probably is.