Banks win overdraft fees case at Supreme Court

Bank customers hoping to get overdraft fees refunded have been dealt a blow, as the Supreme Court rules against an investigation into the charges. Follow us on twitter at http://twitter.com/itn_news

Category:

News & Politics

Tags:

• bankers
• banks
• charges
• overdraft charges
• oft
• angela barker

[gli96187]

The banks screw customers yet again! The Banks are making a killing with fees being it either overdraft or service fee, this is a problem here in the US as well. A class action suit against the banks should get their attention. They already took your tax money in the form of " the bailout" and now they want more by slapping fees on top of that, talk about drawing blood from a stone.

[awesomexy3000]

"I believe banking institutions are more dangerous to our liberties than standing armies. If... people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up... will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -Thomas Jefferson

[tommypolack]

What is that woman talking? In real life bank charges destroyed my life. When I am unemployed and I can’t find a job, RBS came when I had no money at all on my account and TOOK £120 of money I have never had; and next month charged me another £105 for the charges added on their own debt!

On the 29/12/10 my friend was found dead by the police. He decided to hang himself leaving a note “I am too poor for all these rates”. He was 46

Soon, I will release a case study about how FEES affected my life

[TubeLeeks]

im glad the banks won, that means i get charged for being broke!!! yey!!!! they take money from me for not having money! , THE BANKS BOUGHT THE COURT

[fooschnikens]

I love these pompous pieces of shit who say: "It's your own fault for not reading the fine print dumbass!" To all of you condescending geniuses out there: You're right, I didn't read the fine print. I just assumed, like a logical fucking human being, that if I didn't have sufficient funds in my account to pay for something with my debit card the register would reject the transaction. Why didn't paper checks just overdraft your account back in the day? Why did they bounce instead?

[DJLEERALIVE]

OOOOH sorry the banks upset about losing some of its revenue what about my bloody revenue....

[kmix2005]

it outrageous got up to 388 dollars. overdraft fees are stupid

[xtratalk]

Banks are a bunch of thieving swines in The UK and US. They pay the politicians (oh yes they do, the FED is a private company BTW) so here in The UK we can't be surprised the OFT didn't stand up for the normal person on the street against the fat thieving banks!

[Sheepshaggingtaff]

So, so gullible if you fell for the lies spouted by the corrupt banks. They say they would've been forced to charge every current account for its use if the OFT challenge went against them. Utter nonsense. Such a cynical attempt to pull the wool, it's almost laughable. Unathorised O/D charges make up a small percentage of a banks income. After almost causing financial meltdown, our banks have now been exposed. Every right thinking person knows the charges generate more profit. Its sheer greed.

[cesime]

Credit crunch brought by these greedy  thieving "criminals".

[cesime]

UNBELIEVABLE ruling, it only shows that the system is here to protect the "banksters", after all they are made of the same material. So much for justice LOL. What a bunch .