Jump to content
House Price Crash Forum
Sign in to follow this  
Saving For a Space Ship

Bank overdraft fees targeted in major shake-up

Recommended Posts

Unapproved ODs are a massive money spinners for banks.

Up there with PPI.

Anything that blocks a bank being able to scam stuff, puts the costs on the product they sell i.e. no cross sub.

And he less money they have, the more money they have to raise, expensively.

 

 

Share this post


Link to post
Share on other sites
5 minutes ago, spyguy said:

Unapproved ODs are a massive money spinners for banks.

Up there with PPI.

Anything that blocks a bank being able to scam stuff, puts the costs on the product they sell i.e. no cross sub.

And he less money they have, the more money they have to raise, expensively.

 

 

Banks are saving themselves plenty of money, low credit interest rates, closure of branches, saving on rents, saving on utilities, saving on staff costs, saving on pensions......get rid of cash will be the icing on the cake?;)

Share this post


Link to post
Share on other sites
Just now, Bruce Banner said:

No more free banking.

It was never free....

Fking expensive banking as it turned out, 07 n all that.

 

Share this post


Link to post
Share on other sites
3 minutes ago, spyguy said:

It was never free....

Fking expensive banking as it turned out, 07 n all that.

 

What I meant was (of course), day to day banking is free at most banks, no bank charges on your current account if you keep it in credit.

Share this post


Link to post
Share on other sites

This has a lot to do with allowing people cheaper ways of obtaining more debt, debt is wealth for some......one thing paying a fee to use borrowed money, another thing paying to withdraw your own money....;)

Share this post


Link to post
Share on other sites

Incentives and shakeups are always about reducing borrowing cost to buy over priced items. Shouldn't it for saving and buy value item. Why should they jump in to protect over stretched.

Same for housing politicians and bankers jumping to 'save' on the mortgage interest and initial deposit, no talk of making it cost less or reward saving.

Share this post


Link to post
Share on other sites
1 minute ago, Gush said:

Incentives and shakeups are always about reducing borrowing cost to buy over priced items. Shouldn't it for saving and buy value item. Why should they jump in to protect over stretched.

Same for housing politicians and bankers jumping to 'save' on the mortgage interest and initial deposit, no talk of making it cost less or reward saving.

Saving a liability to a bank, debt is an asset........GDP and growth is measured on spending money in the economy, firms rely on the easy and cheap debt their customers can obtain.....savings are tomorrow's spending.....short-term wealth is the only thing focused on, how much can be sold and spent today, profit today, today's target.....no business cares where the debt comes from or even if it is never repaid.;)

Share this post


Link to post
Share on other sites
1 minute ago, Gush said:

Incentives and shakeups are always about reducing borrowing cost to buy over priced items. Shouldn't it for saving and buy value item. Why should they jump in to protect over stretched.

Same for housing politicians and bankers jumping to 'save' on the mortgage interest and initial deposit, no talk of making it cost less or reward saving.

Savings are a liability to a bank, debt is an asset........GDP and growth is measured on spending money in the economy, firms rely on the easy and cheap debt their customers can obtain.....savings are tomorrow's spending.....short-term wealth is the only thing focused on, how much can be sold and spent today, profit today, today's target.....no business cares where the debt comes from or even if it is never repaid.;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.