Thursday, Jul 09, 2009
Never thought a bank would say that
BBC: HSBC said it wanted to cut losses from cheque fraud and to discourage people from spending money they did not have.
HSBC said it wanted to "discourage people from spending money they did not have." "It is about reducing risk from a mechanism that allows a customer to continue to make purchases from their current account when they know they don't have the funds or an approved overdraft."
Posted by peter_2008 @ 10:50 AM (546 views) Add Comment
3 Comments
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1. japanese uncle said...
HSBC proved that it has nothing to do with dementia braecox.
2. little professor said...
Who uses cheques these days? I haven't written a cheque for two years, and haven't used a cheque guarantee card for five - the card is only useful if you are writing cheques in-store, but most retail outlets don't accept cheques anymore anyway. CHeques are only useful for larger purchases, where you wouldn't be using a guarantee card anyway.
3. need-a-crash said...
This is quite relevant to us renters isn't it? I'm due to receive my rent deposit back soon as I'm moving house and that will undoubtedly be paid to me by cheque and yet as I hand back the keys to the landlord, how do I know his cheque isn't going to bounce?