Barclays is raising its fees

[Guest stephen]

Barclays is raising its fees for bounced cheques and unauthorised overdrafts just as it prepares to report record profits of an estimated £5.2bn.

 

The bank has begun writing to customers to tell them of the increase in its "unpaid fee" by £5 to £35. Customers pay this fee when there is not enough money in their account to make a payment - for example, if a cheque bounces

[Guest stephen]

Barclays is raising its fees for bounced cheques and unauthorised overdrafts just as it prepares to report record profits of an estimated £5.2bn.

 

The bank has begun writing to customers to tell them of the increase in its "unpaid fee" by £5 to £35. Customers pay this fee when there is not enough money in their account to make a payment - for example, if a cheque bounces

[simonjohn]

Barclays is raising its fees for bounced cheques and unauthorised overdrafts just as it prepares to report record profits of an estimated £5.2bn.

 

The bank has begun writing to customers to tell them of the increase in

 

 

its "unpaid fee" by £5 to £35. Customers pay this fee when there is not enough money in their account to make a payment

 

- for example, if a cheque bounces

 

This £5 increase to £35 represents an increase of 16.66%.

 

Are Barclays trying to tell us that their operation costs have increased by 16.66% when they are outsourcing staff to india.

 

I think that this gives more creadance to the fact that these charges are penalty charges rather than their liqudated losses.

[simonjohn]

Barclays is raising its fees for bounced cheques and unauthorised overdrafts just as it prepares to report record profits of an estimated £5.2bn.

 

The bank has begun writing to customers to tell them of the increase in

 

 

its "unpaid fee" by £5 to £35. Customers pay this fee when there is not enough money in their account to make a payment

 

- for example, if a cheque bounces

 

This £5 increase to £35 represents an increase of 16.66%.

 

Are Barclays trying to tell us that their operation costs have increased by 16.66% when they are outsourcing staff to india.

 

I think that this gives more creadance to the fact that these charges are penalty charges rather than their liqudated losses.

[Falkirk1298]

There's an article about their profit report here:

 

http://news.bbc.co.uk/1/hi/business/4734844.stm

[Falkirk1298]

There's an article about their profit report here:

 

http://news.bbc.co.uk/1/hi/business/4734844.stm

[diddled]

This may be of interest

 

 

THIS TRANSCRIPT IS ISSUED ON THE UNDERSTANDING

THAT IT IS TAKEN FROM A LIVE PROGRAMME AS IT WAS

BROADCAST. THE NATURE OF LIVE BROADCASTING

MEANS THAT NEITHER THE BBC NOR THE PARTICIPANTS

IN THE PROGRAMME CAN GUARANTEE THE ACCURACY

OF THE INFORMATION PRINTED HERE.

 

Tape Transcript by JANE TEMPLE

 

MONEY BOX

 

Presenter: Paul Lewis

 

 

TRANSMISSION 5 JUNE 2004 1200-1230 BBC RADIO 4

________________________________________________________

 

ANNOUNCER: Now it’s four minutes past twelve and time for

MONEY BOX with Paul Lewis:

 

 

 

EXTRACT FROM ABOVE BROADCAST

 

LEWIS: Yes, and they’re pretty onerous those penalties

aren’t they? There’s a fine and then you go to a very high rate of

interest?

 

 

HOFFMAN: If they miss one payment then we’ll remind them

that we expect them to ….next time

 

 

LEWIS: Just remind me what the penalty fee is?

 

 

HOFFMAN: £20.

 

 

LEWIS: It’s £20.

[diddled]

This may be of interest

 

 

THIS TRANSCRIPT IS ISSUED ON THE UNDERSTANDING

THAT IT IS TAKEN FROM A LIVE PROGRAMME AS IT WAS

BROADCAST. THE NATURE OF LIVE BROADCASTING

MEANS THAT NEITHER THE BBC NOR THE PARTICIPANTS

IN THE PROGRAMME CAN GUARANTEE THE ACCURACY

OF THE INFORMATION PRINTED HERE.

 

Tape Transcript by JANE TEMPLE

 

MONEY BOX

 

Presenter: Paul Lewis

 

 

TRANSMISSION 5 JUNE 2004 1200-1230 BBC RADIO 4

________________________________________________________

 

ANNOUNCER: Now it’s four minutes past twelve and time for

MONEY BOX with Paul Lewis:

 

 

 

EXTRACT FROM ABOVE BROADCAST

 

LEWIS: Yes, and they’re pretty onerous those penalties

aren’t they? There’s a fine and then you go to a very high rate of

interest?

 

 

HOFFMAN: If they miss one payment then we’ll remind them

that we expect them to ….next time

 

 

LEWIS: Just remind me what the penalty fee is?

 

 

HOFFMAN: £20.

 

 

LEWIS: It’s £20.

[Guest]

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