I'm all for charges
If you don't got it, don't spend it. The main issue was the amount they charged, and before Internet banking you wouldn't even know until you got three letters on your door mat saying you owe us £30 for going 2 squid O/D. Also, banks would often allow you to keep spending even when you are over drawn or over your O/D. Cunts.
(The Boy Monders I have ginger bits in my beard., Wed 25 Nov 2009, 10:00, 1 reply, 16 years ago)

I hate to leap to the defence of the banks...
... but curbing spending is the responsibility of the overdrawn. The bank is a business, and its bosses have a legally enforceable responsibility to maximise profits. That means that they'll frequently be willing to lend to the overdrawn.

It's only a partial defence, though: I can't see how some of the charges reported are a realistic representation of the cost of administration.
( Enzyme is powered by sunlight, Wed 25 Nov 2009, 10:06, Reply)

Yep
I agree. Barclays have stung me in the past with three consecutive DAILY fees of £25 for going over drawn by a very paltry sum so there's £75 you need to make straight away. "get an over draft then... It will be cheaper" and sadly the rest is history. I'm much better now, some years later but I still essentially live half in my od. Frustrating.
(The Boy Monders I have ginger bits in my beard., Wed 25 Nov 2009, 10:48, Reply)