Is this theft?

[scooterscot]

How long do they take to clear cheques paid in? Many moons ago I tried Nationwide Anglia and there it took 10 days for money paid in by cheque to be available. This was a particular swine when I was setting off one Monday for a new contract and they rang up demanding cash to honour my mortgage payment.

Too long probably.

The banks are up the creak without a paddle and now there reeping what they sow, nothing but greed to blame.

[SueEllen]

How long do they take to clear cheques paid in? Many moons ago I tried Nationwide Anglia and there it took 10 days for money paid in by cheque to be available. This was a particular swine when I was setting off one Monday for a new contract and they rang up demanding cash to honour my mortgage payment.

They are not allowed to do that anymore. There is the new 2-4-6 rules which means on the 2nd day the bank has to pay you interest on the cheque, on the 4th day you can withdraw funds from the cheque and after the 6th day the cheque has to be cleared.

[bogeyman]

nothing but greed to blame.

You won't go far as a contractor with that attitude m'boy.

There's nothing worse than a show-off duck!

[scooterscot]

You won't go far as a contractor with that attitude m'boy.

There's nothing worse than a show-off duck!

Grrrr - but ah I'm not sneaky when being greedy...

[BoredBloke]

Then don't use Natwest??

I pay a £15 fee on my account but for that I get mobile phone insurance, travel insurance and AA cover plus a bunch of other stuff I don't use but those 3 make it more than worth it. Infact because of my circumstances the travel insurance alone would make it good value.

Yes but you are still paying the bank £180 a year for a few benefits which are not really costing the bank anything like £180 a year.

The reason the banks can get away with the sh*te rates is because most people don't bother checking the rates or can be arsed to change banks. if more people voted with their feet then the market would be more competitive and these crap rates would die

But most people still use these accounts. These pay extra accounts are a more recent move. The vast majority of people use these standard accounts where they effectively give up their interest but think that they are getting free banking. As I said before there is a reason why our high street banks make so much money.

[Archangel]

Yes, well done pal.

You and the oiks like you get the shedloads of dosh back that you've spent in charges over the last six years, it costs the banks billions, and the rest of us have to wave goodbye to the free personal banking model that we've enjoyed for 20-some years. All in order to subsidise you tools that can't help yourselves from spending money that's not yours, and then whining about being charged for it.

I can't wait for your house to be re-possessed, you short sighted fool.

agree 100%

[NotAllThere]

You lot don't half moan. With UBS in Switzerland, there's a monthly fee, and if your assets are below CHF10'000 ( about £4000 ) there are transactional charges. There's a tiny amount of interest paid.

In France, IIRC, if you exceed your overdraft limit, or go overdrawn without permission, then your account will be frozen. They take it very seriously there.

You know the rules when you opened the account, then you cry "foul" when you break the rules.

[BoredBloke]

It's all about what is reasonable. I don't object to the banks making a charge to cover their costs. Would you object if Blockbusters hit you with a £30 charge because you brought your DVD back a day late? By the same token, I don't think it is fair that the banks can charge somebody £35 to provide a service which is estimated to be less than a fiver.

But I'm happy as I got my charges back!