| Bank Clearing System Farce [message #384904] |
Fr, 05 Mai 2006 12:10 |
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This made me think. If I do an electronic funds transfer from my
Natwest account to my CO-OP account, it takes 3 working days to appear
in the CO-OP. However, if I withdraw the cash from my Natwest account
at an ATM, walk across the road to the post office and do a Link Card
deposit of the cash into my CO-OP account, it appears immediately.
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| Re: Bank Clearing System Farce [message #384909 ] |
Fr, 05 Mai 2006 12:33 |
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davidw [at] dwynn.demon.co.uk wrote:
> This made me think. If I do an electronic funds transfer from my
> Natwest account to my CO-OP account, it takes 3 working days to appear
> in the CO-OP. However, if I withdraw the cash from my Natwest account
> at an ATM, walk across the road to the post office and do a Link Card
> deposit of the cash into my CO-OP account, it appears immediately.
This is expected to change later this year for many banks and electronic
xfers. Why are you surprised though? - the system you described has
operated that way for many years.
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| Re: Bank Clearing System Farce [message #384944 ] |
Fr, 05 Mai 2006 18:16 |
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davidw [at] dwynn.demon.co.uk wrote:
> This made me think. If I do an electronic funds transfer from my
> Natwest account to my CO-OP account, it takes 3 working days to appear
> in the CO-OP. However, if I withdraw the cash from my Natwest account
> at an ATM, walk across the road to the post office and do a Link Card
> deposit of the cash into my CO-OP account, it appears immediately.
You don't even need to do that, you could withdraw the cash from the Co-op
machine with your Natwest card, and feed it straight back in with the Co-op
card.
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| Re: Bank Clearing System Farce [message #384966 ] |
Fr, 05 Mai 2006 21:11 |
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<davidw [at] dwynn.demon.co.uk> wrote in message
news:1146823803.460413.284650 [at] u72g2000cwu.googlegroups.com...
> This made me think. If I do an electronic funds transfer from my
> Natwest account to my CO-OP account, it takes 3 working days to appear
> in the CO-OP. However, if I withdraw the cash from my Natwest account
> at an ATM, walk across the road to the post office and do a Link Card
> deposit of the cash into my CO-OP account, it appears immediately.
Barclays Telemarketer - I noticed you have a current account with us, but
not a savings account.
Me - Yes, that's correct, I hold my savings account with another provider.
Barclays - Can I ask why?
Me - Because your credit interest rates are not competetive.
Barclays - If you have a Barclays savings account you can transfer funds
immediately, but if you transfer money between accounts with different
banks, you lose out on interest for up to 10 days(!) whilst the money is
being transferred.
Me - Not if I transfer the money in cash.
Marcus
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| Bank Charges Refunded [message #384975 ] |
Fr, 05 Mai 2006 22:15 |
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Bank Charges Refunded
Free help to recover your bank or credit card charges from
www.bankchargesrefunded.co.uk
Its your money and its better in your pocket!
On The 5th April 2006 The OFT (The Office of Fair Trading) set a threshold
for intervention [at] 12. Find out what the OFTs statement means to you, your
bank & the bank charges that they impose on you.
It's time to take Action Against Bank Charges!
Extract from the OFT's action on credit card default charges 5 April 2006.
"We consider that a contract term is likely to be unfair if it
requires consumers to pay more as a result of a default than the court would
order them to pay if they were sued for breach of contract"
Read the full report inside. © Crown copyright 2006
The Banks Damage Limitation Exercise. It is common practice for a bank to
offer only half of the money claimed or even less than half! in some cases.
Do not accept less than the full amount. The bank charges are illegal,
unfair and a penalty against you as a consumer.
Bank Charges Refunded. We help you to receive a full refund on all bank
charges going back 6 years. Its all on the site.
The member's area includes access to information about bank charges and also
letter templates that can be used to receive a full refund for all your
charges going back six years. It's free and registration takes only 2
minutes.
We now have various letters available to download or view in the member's
area including step 1 and step 2 and refused refund templates. These are
available in .Doc, PDF and HTML versions.
The member's area also includes a basic discussion area for users to talk to
us and other users about banks charges, refunds and general help on bank
charges as well as posting for any other help that you may require.
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