From: "Jim Wilson" 
Newsgroups: uk.finance
Subject: Re: Unauthorised Overdraft Charges
Date: Sat, 14 Apr 2007 22:48:37 +0100


"ŽiŠardo"  wrote in message 
news:x3bUh.18706$Zb2.10060@fe2.news.blueyonder.co.uk...
> daveetwo wrote:
>> .
>>> Basically, he was taking money which wasn't his in that his account was 
>>> empty. I wonder how the Law Society would have viewed his actions if, 
>>> instead of taking money that belonged to the bank, without permission to 
>>> do so, he chose to "borrow" from his clients' funds account instead?
>>> -- 
>>> Moving things in still pictures!
>> No one can dispute the fact the bank can make charges. The dispute it 
>> because they are not allowed to profit from penatly charges.
>> Given thatmany experts onf the field cannot come up with a rea cost of 
>> more than a fiver then they are clearly profiting from the penatlies.
>> If the banks were right they would have gone to court ages ago.
>> Thats why this guy is really trying to force the bank into court to 
>> justify thier charges.
>> If it happens it will be a first.
>> I hope he wins if only to show them up be have been conning customers for 
>> years.
>> Im surprised more courts havent had a go at the banks for wasting court 
>> time by allowing papers to initially take up court time only for them to 
>> be settled in every single case.
>>
>>
> But what gives this chap the right to take money that doesn't belong to 
> him, without even asking if he can?  You don't go into your local 
> newsagents, collect a paper and just help yourself to Ł50 out of the till, 
> do you, just because you've run out of money?
>
> ...and why shouldn't any business profit from its commercial activities, 
> especially when the agreement between customer and provider has been 
> broken by the customer - many times, it would appear in this case.
>
> -- 
> Moving things in still pictures!

A likely outcome of all this is that the banks will simply decide to charge 
for banking services which they currently offer 'free'.This will be to the 
disadvantage of the vast majority of customers who manage their accounts 
responsibly unlike the young Barrister.