Hate Bank Fees? You'll Enjoy This Article

jeffrey · #1 (**permalink**) 02-12-2007, 06:32 AM

Basically, a man named Declan Purcell in the UK was tired of the huge fees the bank was charging him and went to court to get them refunded. He won in court and when the bank still wouldn't pay up, he hired a collection agency to collect for him. As he says: "I think the bank was pretty shocked when the bailiffs went in. But my view is that this is exactly what they would have done to me."

http://www.dailymail.co.uk/pages/liv...n_page_id=1770

poundwise · #2 (**permalink**) 02-12-2007, 07:55 AM

Yay!

Broken Arrow · #3 (**permalink**) 02-12-2007, 08:02 AM

Hilarity!

Thanks for sharing.

family_of_seven · #4 (**permalink**) 02-16-2007, 08:50 AM

That's great!

baking23 · #5 (**permalink**) 02-16-2007, 09:36 AM

Quote:

Originally Posted by jeffrey

"I think the bank was pretty shocked when the bailiffs went in. But my view is that this is exactly what they would have done to me."

Bet your bottom dollar they would have too. Great story. I tend to walk in the bank and ask for my fees to be reversed, always have so far, but I don't rack up too many fees.

PRICEPLUS · #6 (**permalink**) 02-18-2007, 11:40 PM

I love stories with a happy ending!

The Budget Man · #7 (**permalink**) 05-02-2007, 05:44 AM

At a recent seminar I asked the participants... "When do you review your bank accounts, credit card fees and bank fees you pay?"

Not a single person had a regular review in place. Banks know this and over time allow their fees to creep up.

I went on to say that because I'm so busy I'd had to set my birthday for my annual review of accounts. The idea was well received.

In the town in which I live it is interesting the way some of the business people seem to have changed banks before me each time. The last three changes (over 15 years or so) have all been because a particular bank offered significantly cheaper fees.

How often do you change banks?

DebbieL · #8 (**permalink**) 05-04-2007, 11:20 AM

I haven't paid fees for banking in years (and I absolutely refuse to). I'm in Canada. I have free chequing and savings accounts through President's Choice Financial. I have no fees for anything with them. I have had loans through them too. I will never pay for banking.

Bluezy · #9 (**permalink**) 05-13-2007, 01:51 AM

Bless him. RBS is horrid!! Mr. Purcell is my hero.

Cheers!

Ima saver · #10 (**permalink**) 05-13-2007, 11:30 AM

I have never paid a fee in my life. What do they charge fees for??

project15 · #11 (**permalink**) 05-13-2007, 04:49 PM

The last fee I paid was a total of $3.50 ($1.50 ATM charge and $2 from my own bank!) to get MY money out of another banks ATM. I was in desperate need of cash and that was my only option. It felt like someone stole from me.

krayziebone33 · #12 (**permalink**) 05-13-2007, 07:08 PM

KUDOS

tarah86 · #13 (**permalink**) 05-23-2007, 05:53 PM

I hate bank fees myself. I'm thinking of getting rid of BOA because their overdraft fees are ridiculous. That's why I joined this forum, I want all the insight I can get in the world of banking.