The true cost of bouncing a cheque

**zathras** · 21 May 2007, 12:17

Originally posted by Kyajae

http://news.bbc.co.uk/1/hi/business/6507865.stm

Truly gob-smacking

Old News - the money programme came to a figure of £2.50.

Mind you the article is wrong. One case has come to court, unfortunatly the judge ruled in favour of the Bank - judging that the charges were in fact a charge for a service (legal), rather than a fine (illegal). Mind you I am struggling to work out the 'service' that one is paying for.

**Burdock** · 21 May 2007, 12:19

Originally posted by zathras

Mind you I am struggling to work out the 'service' that one is paying for.

it's a pimping charge. we're paying for being taken up the jacksie. (which I suppose £25 is quite reasonable for)

**NetwkSupport** · 21 May 2007, 13:14

I got a charge last month for going £10 over my overdraft and noticed in the letter that my bank have stopped calling it a "penalty charge" its now an "INFORMAL OVERDRAFT REVIEW"

Crafty sods.

**Mailman** · 21 May 2007, 13:22

Hahaha..crafty bastards!

Mailman

The true cost of bouncing a cheque