So If banks and credit card companies are found to be charging to much for late payments and unauthorised overdrafts ect will that mean that people will be refunded that money or will you still have to try and claim to get your money back? and is their any point in trying to claim charges back now?
211122
To avoid excess bank charges, you should go to a different bank.\n\nFor credit card finance charges, sometimes you can get them to reduce/remove the finance charges if you are a good customer and was just late for one payment or two.  Or you can call the customer support and say that you want to close the card.  Sometimes they'll ask you the reasons and try to accommodate your request.\n\nPay off your credit card balance every month.  It would be the best investment ever.  Then, you pick the credit card that gives you the best rewards not the least interest rate.
465550
I do not know how you paid for this, but one thing you can do, if it was a personal check or a direct debit from you checking account, go to your bank immediately and tell them you are a victim of fraud.  They will have you fill out a simple form and then they can reverse the charge and put the money back into your checking account.  If the payment was a debit from your account you should close the account because they would try to debit it again.  I had this problem once with a $650 online order when the merchant refused to communicate with me and by doing this I was able to get all my money back.  The bank credited it back into my account immediately and that was it.
395682
Call the company and explain the situation.  They can often reverse the charge on your account when you correct the situation.  Most places are reasonable.
438401
Hello,\n\nTechnically you've just got yourself into one deep hole. You will be paying interest on your overdraft, so to use cheques to put money if a different account was a really bad decision; as the amount of interest you receive for the money being in the basic account will be lower than the overdraft interest rate (almost guaranteed).\n\nIf the financial provider has realised you own both accounts, they may be taking the money you have in your basic account to pay your overdraft. An overdraft is a feature which can be pulled whenever the provider wants too, and you have to pay the balance when they do this.\n\nYou need to contact your bank and find out whats going on, then you need to clear your debt, then you need to start saving for an emergency fund; just in-case you lose a job in the future. (Recommended: 3 months salary into a savings account).\n\nAn overdraft is a useful tool, if its kept in good standing; you have abused it so you will struggle to get borrowing products in the future... Unexpected events happen, some good and some bad; and you really need money to help keep your mandatory expenses paid.\n\nTechnically what you have done isn't illegal, it's just created a big problem you didn't need.\n\nGood luck with sorting the situation and finding a new job.
412637
If you pay the cheque into your branch the bank will credit your account, but that money will not be cleared - i.e. they will not pay interest on the amount and, say you had a zero balance before the cheque was paid in (and no overdraft limit) you will not be able to draw that money out. Depending upon the bank, you will have to wait anything from 3 to 10 days for the cheque to clear - although I recently saw one bank advertising that they will pay interest on cheques deposited from the same day. The reason that you have to wait for the cheque to clear is that the cheque is sent, through the clearing system, to the bank/branch on which the cheque is drawn and when it reaches them, they have the option not to honour the cheque if it was not guaranteed by a cheque guarantee card. They can do this for a number of reason - insufficient funds in the drawer's account, out of date, wrong signature etc. etc.
312257
Keeping in mind I'm not a lawyer.....\n\nAccording the the Uniform Commercial Code banking laws, Article 4 states the following:\n\n§ 4-401.  WHEN BANK MAY CHARGE CUSTOMER'S ACCOUNT.\n\n(a)   A bank may charge against the account of a customer an item  that is properly payable from that account even though the charge creates an overdraft.  An item is properly payable if it is authorized by the customer and is in accordance with any agreement between the customer and bank.\n\n(b)  A customer is not liable for the amount of an overdraft if the customer neither signed the item nor benefited from the proceeds of the item.\n\n\nSo, as I read this, since your wife did authorized the purchase, and did benefit from it, the will be held liable for the cost.  \n\nYeah, it sucks.  But you know bankers.
310227
I'm not sure I understand the question, but if you've been charged on your credit card for anything you did not mean to purchase, I'd suggest you complain to the company that made the charges and ask for a refund. If they don't give you one, follow up with the bank with which you have the card and see if you can get the charge reversed.
495003
Most people fail to hang on to the terms of their credit card agreements (think about it, did you make a copy when you applied for the card) did you read ALL the fine print? \n\nMost credit card companies have long stipulations on the payment terms for your credit card... especially if there is any type of incentive or introductory offer on the card (0% interest, etc).  \n\nPayment is due on the due date (in their office being processed) prior to a cut off time (in most cases 3pm same as the bank). \n\nCredit card companies bank (no pun intended) on you being late or screwing up, because they make a large amount of their monies on fees and punitive interest rates.   Some credit card companies also shift their PO Box addresses by 1 or 2 numbers so that the delay and forwarding will make you late, and they can theirfore charge your out the nose.\n\nI would try and argue the late fee, tell them that you made an effort to get it out in time and would like to get that removed... be prepared to offer something up, such as another payment in order to have the charge removed...\n\n\nalso $90 seems really high... that is a lot to be charged and may exceed what they are legally allowed to charge...
343668
Cashback is not available on credit cards, only debit cards. If you know somewhere that is offering you cashback on your credit card transaction, they will be putting it through with the retail part of the transaction as there is no way for them to tell the credit card company it is a cash advance (which would incur a fee and possibly be charged at a different rate). \n\nSome retailers (such as betting shops, football pools etc.) will charge the whole transaction as cash advance, but will not give cashback.
578217
They get money for every transaction that is made. The store owner is paying them for giving you the convenience of using the credit card in his store. This is also true for debit cards. By paying cash, you are doing the businessman a favor. But CC companies are counting on you to being late so they can raise your interest rate, charge you late fees, over limit fees and they simply do not care that you have not read the fine print on your contract.
277110
I think the reccomendation to change your terms of services to not refund shipping is a good one.  You still have the flexibility to be more generous with your repeat customers\nthan some questionable first time buyer.\n \nIf your credit card processing company requires these terms, you may be able to get around it by requiring a non-refundable deposit(or at least for "very urgent delivery") as a separate payment.\n\nAnother alternative is to add to your delivery fees to cover the occasional deadbeat.
623548
I agree with the "idiot" answer.  People figure that banks have plenty of money, so what's a few bucks?  They should be glad that they are only getting charged 20 pounds rather than being turned over to the authorities for fraud.
179633
In using your debit card you engage in transactions that are the same as writing a check.....If you overcharge your acount you will usually be denied the transaction on the basis of insufficient funds. If, however, you do manage to overdraw your account you will end up with a negative balanc, and you will recieve a return check fee just as you would if you wrote a bad check.  The next time you deposit money into your acount the negative balance will be deducted from that money.  No collections unless you close the acount and dont pay the money you owe.
547565
The banks are ripping people off with excessive charges, it happens everyday, one of my friends has worked at three top uk banks and always says that the bank never does anything to benefit the customer, its all just to benefit the bank. \nMy parents have had terrible experiences with their bank, they've taken direct debits out of their account earlier than the agreed dates so that they are charged for being overdrawn, then when they are overdrawn they have to pay extra charges because the bank sends out three letters (charged at £10 each) one to my mother, one to my father and one addressed to them both to tell them that they are overdrawn, even though they live at the same address, its ridiculous.  They've done worse to them too but i know that its happening to nearly everyone from working class families. Its just a way of gettig the rich richer and the poor poorer.
572317
if you are looking for someone to "Pay" you for the entire amount of the invoice AND recover these "supposed" funds, I would say NO. Just because you can give a supposed invoice does not mean it's real. This is known as fraud and is highly illegal. The best manner in which to collect on these funds is to go through the collections proccess.
363938
You'll become a victim of ....UNIVERSAL DEFAULT....if your other credit cards find out you were late on another card, they CAN and WILL bump your interest rate on their own card as high as possible (up to 28%)......it's part of the terms of any credit card.....you can't risk screwing up w/ one creditor and expect the other creditors not to notice....they run arbitrary/random credit checks on their account holders and......\n\nany reason under the sun to increase your interest rate....they will jump at.
250889
A. An overdraft is when you have *overly drawn* on your account. And it usually is accompanied by a overdraft fee.