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Name: wong
Date: March 13, 2000 at 02:35:09 Pacific
Comment:

Vent your pent-up frustration here......


-It's rebellion time....
-In view of the banks decision to charge up to £2.50 for cash withdrawals
-it has been suggested that customers fight back. Unfortunately as
-everyone needs a bank account it is very difficult to make any inroads.
-Listening to the radio this morning it was suggested that on 1 April
-everyone issues 5 of their friends a cheque for 1p and everyone cashes
-the cheques on 3rd
-April. This could cause a huge inconvenience to the banks and their
-clearing systems and will cost the banks money. Forward this email to
-your friends and any who wish to take part, will. Obviously the greater
-the uptake the greater the inconvenience. It costs the banks something
-like 50p to process a cheque, whereas it costs them nowt to process
-credit and debit cards, even though they still charge for these
-services.
-Vive la revolution



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Response Number 1
Name: Col
Date: March 15, 2000 at 02:13:58 Pacific
Reply:

I do agree that they shouldn't try and charge such extortionate rates, but to say that it costs them nothing isn't quite true. An independant study recently came to the conclusion that an average cost of 27p is incurred by the banks for every cash machine transaction. They suggested a maximum 30p standard charge.


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