Bank fees?

[Jerrek]

Reading that other rant from the guy that dislikes "Treasure Island," how much do banks charge in the UK? Here is what my bank, TD Canada Trust, charges:

(Self-serve transactions include ATMs, interac direct payments, checks, account transfers, etc.
Full-serve transactions are those in the bank which require a clerk.

Depositing money is not a transaction, whether you do it at an ATM or in the bank.)



Checking account

Value account - £1.50 a month (waived for balances over £400) - 10 self-serve transactions, 4 full-serve transactions

Self-serve account - £3 a month (waived for balances over £700) - 20 self-serve transactions

Full-serve account - £4 a month (waived for balances over £900) - 25 full-serve transactions (or self-serve, but it will go down as a full-serve transaction)

Infinity account - £5 a month (waived for balances over £1,400) - unlimited self-serve

Select service - £10 a month (waived for balances over £2,200) - unlimited self-serve, unlimited full-serve


For any of the above, additional transactions are (where it isn't unlimited): 20p for self, 40p for full


Students get 50% discount.

Seniors over 60 are free.


Service is excellent. I went with TD Canada Trust specifically because their service is the best I've ever seen from a bank. They're open late, people are real friendly, and I've never had any issue with them.

Canadian banks are on the slow side though. Checks have to lie for 3 or 4 days to clear, and money transfers take a day.

[Shaun]

As long as you keep your account in credit most UK banks don't make any charge for using a personal account.

Depending on the bank, bounced transaction charges range from £15 to about £35

[Russ]

I hate the ones where you go overdrawn and they charge you £25 for the privilege of sending out a letter to tell you

[philip.j.fry]

I'm a student, I don't get charged anything

AFAIK banks here don't charge anything for ATM machines and similar.

[philip.j.fry]

Originally Posted by Russ D

I hate the ones where you go overdrawn and they charge you £25 for the privilege of sending out a letter to tell you

and then the £25 sends you over the limit again so they charge you another £25

[Jerrek]

That's nice. So what was that guy complaining about?

[Shaun]

Originally Posted by Jerrek

That's nice. So what was that guy complaining about?

Originally Posted by Dellwear

Depending on the bank, bounced transaction charges range from £15 to about £35?

[Jerrek]

You guys bounce that many transactions that often? Gee, I can't ever recall bouncing one, or knowing of a person that bounced one.

[danielf]

Originally Posted by Russ D

I hate the ones where you go overdrawn and they charge you £25 for the privilege of sending out a letter to tell you

But that's an unarranged overdraft isnt't it? When you set up an arranged overdraft, you only pay interest. Unless you go overdrawn on your overdraft.

[Shaun]

Originally Posted by Jerrek

You guys bounce that many transactions that often? Gee, I can't ever recall bouncing one, or knowing of a person that bounced one.

Personally no, but people do, I guess it can be easy to forget that you have a direct debit due.

[philip.j.fry]

Originally Posted by dellwear

Personally no, but people do, I guess it can be easy to forget that you have a direct debit due.

I've only ever had the one, it was paying my student fees when I paid by cheque and the University showed unprecedented efficiency and cashed it a day before my loan went in.

[lemarsh]

Basically, if you use banks to your advantage, then you will not pay any fees.

Always try to stay in credit, and only use overdraft facilities 'if they are agreed'. If you take money that you are not entitled to - then Banks have the right to charge you. Not nice, but it is the fact of life.

At the end of the day - why should banks lend money to you? It is not a right. However, Banks obviously make money by lending it out, so if they feel there is sufficient justification with regard to risk (lending to anyone is a risk), then they will do it. Take money without their agreement is the same as taking Washing Powder from Tesco's - apart from Tesco will call the police!

[Lee, you can get off your soap box now]

[Chris W]

Originally Posted by lemarsh

At the end of the day - why should banks lend money to you?

because they would never make any money otherwise!

[susie r]

Originally Posted by lemarsh

Basically, if you use banks to your advantage, then you will not pay any fees.

Always try to stay in credit, and only use overdraft facilities 'if they are agreed'. If you take money that you are not entitled to - then Banks have the right to charge you. Not nice, but it is the fact of life.

At the end of the day - why should banks lend money to you? It is not a right. However, Banks obviously make money by lending it out, so if they feel there is sufficient justification with regard to risk (lending to anyone is a risk), then they will do it. Take money without their agreement is the same as taking Washing Powder from Tesco's - apart from Tesco will call the police!

[Lee, you can get off your soap box now]

Couldn't have put it better myself ,,,,,as someone who works in a bank, trying to explain this to angry, rude, customers is unfortunately an almost everyday occurence, and having to put up with the verbal and sometimes physical abuse does not make the job easy...........if only people would manage their money in a responsible manner, and not try and put the blame on others (the bank usually) then it would bank workers lives a much more pleasant one!!!!

[tkiely]

Originally Posted by susie r

Couldn't have put it better myself ,,,,,as someone who works in a bank, trying to explain this to angry, rude, customers is unfortunately an almost everyday occurence, and having to put up with the verbal and sometimes physical abuse does not make the job easy...........if only people would manage their money in a responsible manner, and not try and put the blame on others (the bank usually) then it would bank workers lives a much more pleasant one!!!!

grrrrrrrrr banks!!!!!

back in 1991 I asked my Bank for a mortgage to buy the freehold of my shop. Valueations were flying up daily so they agreed to lend based on their own valuers price. They appointed a guy who valued the property. A year on, I tried to sell. It then came out that we had paid 70K over the top for the freehold. Turns out the bank's valuer was the vendors best friend and had 'upped' his valuation.

What did the helpfull bank do?, closed my accounts, shut my business, repossessed my shop and house and clamped their mouths shut---not their fault!

sued the ****s and won £35K. little compo for loss of business and house but proof I think that they were at fault!

Took me 6 years to get over this 'credit blip'

when Samuel L Jackson spouts his prose on TV just think again! they are criminals!! go on sue me if I'm wrong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!