Home – New Forums Money matters How long can banks get away with it ? Reply To: How long can banks get away with it ?

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Financial Redress
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Good on you David. You obviously feel the way I do.

I think the banks have got away with it simply because they can ie they deduct the $40-50 charge because they run your account and then they hope you won’t do anything about it.

It’s actually a try on because the law is really quite straightforward – you can’t recover more than your loss. Banks charge $40, the cost to them is a few cents, so where does that fit in to the law ??!!

That’s why we are saying customers are entitled to financial redress !