bloody halifax - the bank not the town!

zippy · 22-10-2009, 19:36

Just a note for any of you who bank with the halifax. They have changed the terms and conditions of their current accounts which means that if you go into an authorised overdraft, you will be charged £1 per day. This means that if you go into the red by £5 for 5 days a month you will pay them back with a staggering 1200% apr

. If you go into an unauthorised overdraft the amount will be 6000%!

So we bail the gits out and WE will be paying for their mistakes for a generation but they have the gall to do a Dick Turpin on their loyal customers.

It is now cheaper to use their credit card than an authorised overdraft.

Voting with my feet - going to join nationwide on Monday.

Lee

BigBlack · 22-10-2009, 20:31

Halifax have always taken the p*ss...

zippy · 22-10-2009, 20:40

i have three accounts and a credit card with them, along with a mortgage. I am so angry i am pulling the lot, regardless of whether or not it is wise.

p!$$heads.

Just noted that they are on watchdog at the moment.

jims-terrano · 22-10-2009, 20:45

All banks seem to have a license to print money out of us.

but "there is another way"

Good luck changing banks tho

Jim

Adz · 22-10-2009, 20:50

I've been with

NATIONWIDE

since i left High School & cant fault them

Beat Lloyds / Barclays & Natwest

Good luck mate

zippy · 22-10-2009, 22:18

Thanks. My mate works for the halifax and he says that work has told him that all the banks are going down this road.

If this is the case then I will just keep swapping banks until there is no more.

Paul · 22-10-2009, 22:21

Got our sodding letter the other day!!!

22-10-2009, 19:36	#1
zippy Senior Member Join Date: Feb 2009 Location: NI Vehicle: 01 terrano 2.7 lwb Posts: 210	bloody halifax - the bank not the town! Just a note for any of you who bank with the halifax. They have changed the terms and conditions of their current accounts which means that if you go into an authorised overdraft, you will be charged £1 per day. This means that if you go into the red by £5 for 5 days a month you will pay them back with a staggering 1200% apr. If you go into an unauthorised overdraft the amount will be 6000%! So we bail the gits out and WE will be paying for their mistakes for a generation but they have the gall to do a Dick Turpin on their loyal customers. It is now cheaper to use their credit card than an authorised overdraft. Voting with my feet - going to join nationwide on Monday. Lee

22-10-2009, 22:21	#7
Paul Senior Member Join Date: Jul 2007 Location: North West Vehicle: 2002 Terrano 3.0 Di LWB Posts: 1,961	Got our sodding letter the other day!!! __________________ 2002 Terrano 3.0 Di LWB..

22-10-2009, 20:31	#2
BigBlack Senior Member Join Date: Jan 2009 Location: West Yorkshire Vehicle: 2005 Terrano II 2.7tdi SE Posts: 568	Halifax have always taken the p*ss...

22-10-2009, 20:40	#3
zippy Senior Member Join Date: Feb 2009 Location: NI Vehicle: 01 terrano 2.7 lwb Posts: 210	i have three accounts and a credit card with them, along with a mortgage. I am so angry i am pulling the lot, regardless of whether or not it is wise. p!$$heads. Just noted that they are on watchdog at the moment.

22-10-2009, 20:45	#4
jims-terrano Senior Member Join Date: Sep 2004 Location: UK Posts: 12,965	All banks seem to have a license to print money out of us. but "there is another way" Good luck changing banks tho Jim

22-10-2009, 20:50	#5
Adz Senior Member Join Date: May 2009 Location: Roaming Nomad Vehicle: 1995 SWB Terrano Posts: 5,370	I've been with NATIONWIDE since i left High School & cant fault them Beat Lloyds / Barclays & Natwest Good luck mate

22-10-2009, 22:18	#6
zippy Senior Member Join Date: Feb 2009 Location: NI Vehicle: 01 terrano 2.7 lwb Posts: 210	Thanks. My mate works for the halifax and he says that work has told him that all the banks are going down this road. If this is the case then I will just keep swapping banks until there is no more.