News Cash machine charges on the way back?

[Ormorof]

hehe yeah stupid idea will take some work to implement

think of all the "you will not be charged for this withdrawal" messages that will need to be removed from cash machines!

 

[Genedril]

I shall take great joy in queuing up at the bank on a Saturday and withdrawing my monthly profits 10gbp at a time by repeatedly re-joining the queue just to annoy them if this goes ahead.

 

[cHodAX]

I shall take great joy in queuing up at the bank on a Saturday and withdrawing my monthly profits 10gbp at a time by repeatedly re-joining the queue just to annoy them if this goes ahead.

Good lad.

 

[rynnor]

hehe yeah stupid idea will take some work to implement

think of all the "you will not be charged for this withdrawal" messages that will need to be removed from cash machines!

Could do it overnight tbh - we never removed the code for charging just set the charge amounts to zero - download the altered screens to the ATM estate and set the new rate.

 

[pez]

Chodax,

If you dont mind me asking, who did you bank with before the banking crisis and who do you bank with now?

What I am getting at is, do you treat banks as separate organisations and spend your money at those who you believe are most ethical or do you want someone else to make the decision for you?

I find it odd that in a consumer society how few people are prepared to take action themselves because of the 20 minutes effort it takes to swap banks.

Not all banks were bailed out. not all banks have an investment arm. If you don't like the way your bank has behaved, move. If you dont want to move because your current, badly behaved bank, provides a better service than the traditional non-investment banks then accept the trade-off.

 

[cHodAX]

Chodax,

If you dont mind me asking, who did you bank with before the banking crisis and who do you bank with now?

What I am getting at is, do you treat banks as separate organisations and spend your money at those who you believe are most ethical or do you want someone else to make the decision for you?

I find it odd that in a consumer society how few people are prepared to take action themselves because of the 20 minutes effort it takes to swap banks.

Not all banks were bailed out. not all banks have an investment arm. If you don't like the way your bank has behaved, move. If you dont want to move because your current, badly behaved bank, provides a better service than the traditional non-investment banks then accept the trade-off.

It is pretty tough bud, I don't consider any of them really ethical because they were all selling sub-prime mortgages and giving loans to people who could not afford them. They are also all culpable for buying/selling bundled sub-prime loans based on dodgy info from the rating agencies, the banks all knew what was happening with the ratings but ignored it for the sake of quick profits and bonuses.

That said, I did bank with Halifax and HSBC for the best part of fifteen years but I closed the Halifax account and moved it over to the Co-op who seemed the best of a bad bunch. My HSBC account is still active but unused as such.

 

[Ezteq]

had a nice surprise the other day at the atm down from my work, it's now offering fivers! I got all nostalgic for the days when £5 was enough to do more than just get a coffee and therefore getting just five quid from the atm was not pointless.

If all atms start charging for withdrawing money I'll just take a monthly cash amount out and use my card for evetrything else, I'm buggered if I will pay to spend my own frigging money tbh.

 

[cHodAX]

had a nice surprise the other day at the atm down from my work, it's now offering fivers! I got all nostalgic for the days when £5 was enough to do more than just get a coffee and therefore getting just five quid from the atm was not pointless.

If all atms start charging for withdrawing money I'll just take a monthly cash amount out and use my card for evetrything else, I'm buggered if I will pay to spend my own frigging money tbh.

£5 is still more than enough to just buy a coffee in Manchester, you can get a coffee and a decent sandwich for that price. Bournemouth must be rotten expensive.

 

[cHodAX]

On the whole sub-prime thing, this is well worth a look, it just shows you how fucked up thinking was at these banks. All short term gain leading to massive long term losses but the people getting paid the big bonuses made enough during the peak to retire once the ship started sinking.

Regrets of a subprime mortgage lender - Pinched: Tales from an Economic Downturn - Salon.com

 

[Mey]

Wheres Mey?

Stealing money from poor people to fund my massive bonus!

Banks already charge each other for cash machine use. I.e if a Natwest customer uses a Lloyds TSB cash machine natwest has to pay Lloyds.

There was a big push ages ago to get staff to only use the banks cash machines to save money, they tried to spin it like you'd be doing your part and it'd be like really good. Little to say I used as many other banks cash machines as I could!

 

[Raven]

There are many reasons why we bailed out the banks, the most important one was that if we didn't we would all be proper fucked right now.

As for the bonuses, if you make a business...lets say 100 mill in profit then I don't think a hundred grand or so in bonuses is that shocking. If the banks didn't make a profit then they wouldn't give out mortgages or loans and they most certainly wouldn't be running free bank accounts. As a business, they exist to make a profit. The banks and the investment arms of the banks are hugely important to our economy, infinitely more important than some chair diversity officer in some piss pot council. The taxes alone that are generated by the banking sector make them critical to our economies survival.

But sure, lets drive the banks out of the UK, we can always pay the important team of rubber band modernisation consultants with good will!

 

[megadave]

my mattress > banks

 

[Ch3tan]

my mattress > banks

Inflation > you

 

[megadave]

me > taxes