Royal Bank of Wankers

[Ex-Ascot]

Just spend £20 in phone calls trying to set up a new online account for Mrs Ex-Ascot after the robbery and passwords compromised. Can't be done. Have to SMS us with a one time code. They hold her Greek number. Can't be changed without an SMS to that number. Can't get an SMS to here anyway. Will not email it. Will not tell it to us over the phone even though we have answered so many security questions they even know the exact dimensions of my willy. It was in millimeters not inches.

Well the consolation is if we can't get into her account neither can anyone else

[Fox3WheresMyBanana]

Closed credit card account at bank. credit balance transferred to current account.
Just received a bill for the transfer, labeled cash advance fee.
How f#$%@!cking stupid are these people??

Guy in front of me at Princess Auto today was buying a pitchfork. I know how he feels; very, very tempting.

[Capetonian]

I suppose from the bank's perspective that is correct.

I once drew cash from one of my CC accounts, since it had a large credit balance which I was unlikely to be using. The bank charged me a cash advance fee even though it wasn't a cash advance since it was my money I was drawing out, not theirs. I went in to see the branch manager and gave them my bill for the cash advance of several thousand rands of my cash from which they had benefited for over a month, and said 'let's negotiate'.

I won.

[OFSO]

Ping ! goes my phone. "A new credit card has been issued to you, if you weren't expecting it......" WTF ? Two more years to go on the old one. Yes I did contact them, and it was OK and sent to my UK address, where I won't be until mid-December. How to get it to Spain ? Anyone coming down this way ? Like a few days R&R with the OFSOs ? ?

[Capetonian]

5 years ago I experienced the most appalling incompetence at the hands of the bank that do those lovely ads with the black horses.

As a result, I demanded £1000 in compensation (to be paid to charity) and naturally they said that was impossible. I told them I would keep going until I got to the person who would authorise it.

The result is below.

[Boac]

Well done, Cape. Teach the buggers!

[Capetonian]

This is what really cranks me about credit cards :

Assuming I was stupid enough to only pay the 'minimum' of 1%, the amount I owe them would go up by £12.55, and would keep going up for every month in which I only paid the minimum.

What is even worse, is that if I paid £1505, just 16p. short, they would charge me interest on the outstanding £1505.61, not the 61p.

I though there was something called the Usury Act but I suppose banks are exempt. As someone said, give a man a gun and he can rob a bank. Give a man bank and he can rob the world.

[llondel]

They charge you interest on the full amount from the statement date to the day your partial payment is received, then interest on the remaining balance from then on. So if you're not paying off the whole amount, make sure you pay what you're going to as soon as possible.

[Rwy in Sight]

This is what really cranks me about credit cards :

Capture.JPG

Assuming I was stupid enough to only pay the 'minimum' of 1%, the amount I owe them would go up by £12.55, and would keep going up for every month in which I only paid the minimum.

What is even worse, is that if I paid £1505, just 16p. short, they would charge me interest on the outstanding £1505.61, not the 61p.

I though there was something called the Usury Act but I suppose banks are exempt. As someone said, give a man a gun and he can rob a bank. Give a man bank and he can rob the world.

Two comments here: Over the last few years I have been favouring an education system putting more emphasis on basic yet untaught knowledge: for instance a homo-economics subject where students are taught how to better use the various financial products (for instance use a credit card to earn fidelity points and move a little backwards the payment without cost) or how to compare prices in a supermarket. The same about in the language course to learn how to complain as successfully as Capetonian does. Hence people would be protect from those crazy interests.

Second I would have thought the the OFBANK would have intervene and allow only interest on the remaining outstanding amount.

[Boac]

Also, I think, Cape, you will find that the £27.61 is 'interest' only! As Martyn Lewis says - all together now -"IN FULL!". Mind you - it's what you signed up for.

[ian16th]

Mind you - it's what you signed up for.

My 1st Barclaycard was sent to me, unsolicited, by then Branch Manager.

I didn't sign up for anything.

[Slasher]

Time to go Crypto you blokes. Tell that Lagarde bitch and the banks to go screw each other instead of the plebs. Same with the Fed IRS.

[ExSp33db1rd]

My 1st Barclaycard was sent to me, unsolicited, by then Branch Manager.

I didn't sign up for anything.

Ditto, by a friend working for them.. some 65 years ago ? The barstewards have just kicked me out because I can't give them a UK address now.

Loyal customers ? Yeah ! Right !

[Slasher]

Time to go Crypto you blokes. Tell that Lagarde bitch and the banks to go screw each other instead of the plebs. Same with the Fed IRS.

Further, for the very few of you who want to get out of fiat banking, please take a look at these 2 vids in order:







From there you can do your own research. There are NO FEES.

I’ve been using Celsius for 6 months now and my main crypto is Paxos Stablecoin. We only have 2 fiat banks now mainly for cash purposes and one leverage investment (Singapore bank) which is doing quite well. I use Celsius for saving and not borrowing, and interest is payable weekly. The interest is what I use to pay bills and make online purchases, since the principal is what generates the interest (currently 7.4%). It was 9% when I started.

[Slasher]

I should also point out that crypto banking is not for everyone. Personal circumstances or attitudes should be considered first.

[llondel]

My 1st Barclaycard was sent to me, unsolicited, by then Branch Manager.

I didn't sign up for anything.

Ditto, by a friend working for them.. some 65 years ago ? The barstewards have just kicked me out because I can't give them a UK address now.

Loyal customers ? Yeah ! Right !

They dumped me a while back for the same reason.

[ian16th]

My 1st Barclaycard was sent to me, unsolicited, by then Branch Manager.

I didn't sign up for anything.

Ditto, by a friend working for them.. some 65 years ago ?

I think it was 1965, I'd just got demobbed and was working in London on less than Cpl/Techs money!

So my Branch Manager of the day took a bit of a flyer on me!

[Capetonian]

About time ..... (sorry it's the Guardian but it happened to come in on a news feed)

https://www.theguardian.com/business/20 ... -fca-rules

[Boac]

sorry it's the Guardian

- no need to apologise - if you feel really bad about it find another link to the story?

[ian16th]

These are the customers that the banks like! The ones who pay lots of interest.