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Bank of Robbers
The title read thus; “Important news about changes to your Bank of Scotland Current account” it should have read something like this; “We have thought of a new way to screw more money out of you”
The changes are to the overdraft fees. Bank of Scotland are no longer charging a debit interest rate but will be charging a pound a day for every day you are in your overdraft (for overdrafts upto £2,500)! At the moment I am charged around £12-13 per month for being in my overdraft all month, with the new system I will be charged more than double that at around £30!
What really yanks my noodle is the robbing bastards are trying to make it sound like they are doing me a favour by saying; “At Bank of Scotland we’re committed to fees that are clear and simple to understand”.
So not only are they trying to pull the wool over my eyes, pretending to do me a favour but they are insulting my intelligence by saying I cant comprehend a simple interest rate and it must be simplified for me!!!
These new overdraft charges I feel are purposely made to penalise people like me, who live in their overdrafts, the very people who are probably struggling to cope financially and should be aided not made worse off. Yet again the banks find away to penalise the poorer ranks of society.
Of course all Banks will be looking for ways to wangle that little bit extra from everybody after their almighty f*&^ up. They screw up, losing billions of pounds, we the tax payer foot the bill and we are thanked by increased charges masked with PR smoke blown out these jumped up bankers arses! And what can we do……not much really, change your bank maybe? Well they are all just as bad. Phone them up and complain maybe? Hah…if you can be bothered waiting 20 mins on the phone to do it! No there isnt much that can be done which is so frustrating, just write a rant on a blog nobody cares about.
Bank of Scotland a friend for life? Aye right
My letter from was from Mike Regnier, Director, Personal Current Accounts.
Well all I can say Mr Regnier is if this was your idea I hope you sleep well at night with the knowledge that you are robbing the damn people that have bailed you out and keep you in business and your slippery mitts quaffing champagne.
UPDATE:
Well I have spoken with my feet. After banking with Bank of Scotland my whole ‘banking’ life I have now transfered all my accounts over to Alliance and Leicester aka Santander. They offered me 0% interest on my overdrafts for 1 year and there after the charge 50p a day for being in your overdraft with a cap of £5 per month (this is even less than the interest charged on my overdraft by HBOS BOS). Also they do not charge for the simple use of having a business bank account. Indeed I have always found this strange that banks feel the need to take a cut of every process that happens in a business account…..doesnt seem fare, aparantly Santander think so too.
My sister too feels put out by Bank of Scotland and she has transfered to Alliance and Leicester. Alliance and Leicester also offer a referral insentive. If you refer somebody and they take up their current account then £25 each will be your reward.
So I hope that any Bank of Scotland customers reading this speak with their feet and jump ship for a better deal. Dont stand for their shoddy new charges. Please do not feel “loyalty” to them…they havent to you! After all its business! And they just arent running theirs very well so try somewhere else.
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