HSBC and Alliance & Leicester set steep new banking rules

27 May 2010

Alliance+LeicesterDo you draw money out of the bank at the counter? Do you transfer money online? Well, the rules are about two change at two UK banks that you need to know about.

At the Alliance & Leicester, if you have a basic account, you won't be allowed to draw out amounts less than £300, starting from 1 July. Does that seem like a needlessly large amount to anyone else? I'm imagining a week when you lose your card and you have to tart around drawing cash out over the counter.

From August, HSBC customers will probably have to make a phone call to confirm certain internet transfers, thereby slowing the whole process down to the point of it being a pain in the arse.

Basically, if you make a payment to someone who you haven't given money to in a while (a 'while' in this case being 13 months), then the payment may be blocked until you make a call to the bank. This new rule doesn't affect you paying bills and the like, however, let's say for example, you pay your mate some money for a ticket for the football, then, 15 months later, you want to do the same again... you'll make the payment, see it blocked and then have to fanny about trying to get through to your constantly engaged bank on the phone or actually haul your arse off the couch to get into a branch to allow payment to go through.

Seems a bit needless really, especially given that the banks want to do things like this to cut down on queues in branches and streamline the whole process. However, what is happening here is the creation of a whole load more admin for themselves - and when banks make work for themselves, that's when they start cocking things up.

[BBC]

TOPICS:   Banking

19 comments

  • LuckyL
    why not vote with your feet and switch bank - no more problem and probables the only form of feedback that is being noticed. Simples :)
  • That t.
    I doubt they'll give a shit LuckyL, things like that never work. Banks are just taking the piss, first we bail them out, now they're dictating how we move OUR money around, we have to ask nicely and if THEY agree to do it! CNUTS
  • Wibble
    Slow day fornews, so Bittertwats write shit about, well, shit.
  • Anthony
    Need £10 at the counter because the bank machine outside has been vandalised again? Withdraw £300 and pay £290 back in, simple!
  • Tom P.
    Posted by That fit lass in your office you can't talk to | "first we bail them out, now they’re dictating" HSBC and A&L didn't need a bail out.
  • Nobby
    As with Antony, I'd take £300 out, then pay the rest back in. You will probably end up losing a day's interest on the balance paid back in though, because A&L are a bunch of cunts when it comes to things like that.
  • Joan
    Maybe we should all go in and draw out a pound at a time from the counter........they would then either have to reconsider or employ more staff! And why just A&L? What about other members of the Santander family?
  • Tom
    That would be assuming you get any interest on your current account, HSBC current account currently pays 0.0% interest, don't know about A&L, but can't imagine it's much. Go nuts, draw out your entire balance minus one pound, take yer tenner and pay it all back in, it'll give the cashier a smile (or maybe not!). Nobby: "You will probably end up losing a day’s interest on the balance paid back in though, because A&L are a bunch of cunts when it comes to things like that."
  • Matt
    I got a letter from Halifax many years ago requesting that I did not use the counter anymore. No reason given, just asked not to and if I continued to use the counter they would 'write again' . Lol. I moved banks, tossers.
  • Lonley c.
    Now its getting clearer they were getting every one to set up Direct Debit by charging £1.50 for non D/D customers BT, Virgin, and all others. Now traped. charge them with 0845 calls
  • Hickey
    @ Joan A&L apparently already have a minimum counter withdrawl of £250 and that they're bringing it line with other Satander group banks by raising it to £300. I wasn't aware they already had this minimum withdrwal for Abbey/Santander though.
  • dvdj
    To be fair HSBC are always quick on the phone and have never been engaged whenever my girlfriend has rang. I'm with First Direct which are even better. So to be honest I don't see anything wrong with that, it's just a precaution. All banks do it to a certain degree. I tried to order a TV for my girlsfriends Dad using his card on Dixon's and it kept getting declined. The reaon was Halifax was blocking it as he very rarely uses it online. One which phone call and it was fixed in 15mins.
  • That t.
    @dvdj Girlfriend?
  • The t.
    The fake That fit lass in your office you can't talk to @dvdj Girlfriend? Life?
  • dvdj
    Ok, ok, I meant my hand.
  • The t.
    @dvdj Keep going!...
  • Ten B.
    [...] HSBC and Alliance & Leicester set steep new banking rules [...]
  • js
    The worst Bank ever for on line payments. I receive most of my payments by electronic transfer. Alliance & Leicester consistently take 2 or 3 days longer than anyone else. In future, I will not do business with anyone who banks with Allioance and Leicester. Absolutely unacceptable service.
  • Gordan F.
    The occupation of Wall Street, the London Stock Exchange and others goes Global in 951 Cities in 80 Countries around the World. This is the beginning of the end for Governments and Banks who ignore the protesting public. Ordinary law abiding citizens have seen corrupt Governments bail out Banks with taxpayer money. Then devalue the £ pound to inflate away the Government and Corrupt Fraudsters debts. This has lead to Hyperinflation for all Taxpayers and the destruction of security of tenure for many homeowners who have been repossessed by the Banking Gangsters, with Government and Courts approval. For the Greedy Banks who make more money by repossessing homes. Than assisting homeowners. If you have money you have power, and you are able to buy off most in Government, Banking, Finance, Insurance, and the Media, this is fact. What Governments are attempting to do is hide the truth about the gigantic debt owed by the Banking Gangsters and Insurers who have stolen £ trillions from you and many future generations. The truth is the BANKS and INSURERS do not know just how much Money they have lost, or need to pay out. But the gambled away and lost money by UK BANKS and INSURERS is in £ trillions. Just how much this equates to is: You would have to pay back one million Pound a day (for 2000 years, just to pay off three quarters of a trillion Pound. If we put this into time: A million seconds is around 11.5 days. A billion seconds is around 32 years. And a trillion seconds is approximately 32,000 years. A Pound a second for 32,000 years Banks and Government and its Agencies cannot be trusted they are Crooks Fraudsters and much worse. I would certainly advise any business to keep everything away from prying eyes. Most of the Banks have hundreds of subsidiaries that are Competitors to most businesses. They are Ruthless and Intent on getting hold of inside information for its Group Subsidiaries. The same applies to all Government Departments and Agencies; it’s not unusual for your designs ideas plans or methods to be stolen by Government Departments and restrictive impossible terms (then used in competition against you. What has been Normal Business for large Corporate Insurers, Banks, etc such as buying off Ministers and MPs has meant that in Britain SMEs small and medium enterprises have been starved of Funding, Help, Assistance, Relocation, Premises etc. And (had instead Planning Objections, Restrictions, Bureaucracy, Red tape, a Multitudes of Taxes and Destructive, Restrictive Policies from past and present Governments. For years Government has only been interested in looking after those elite few who pay £millions in all manner of bribes to have their dirty work done for them. When the Government stops its fraud, and the Banks Insurers and Corporate do the same, then and only then will Britain become what it once was (GB) Great Britain. But things are changing quickly the Baby Boomers are Angry they have the numbers and have seen the Corruption and Fraud just like their sons and daughters have. Meaning the next elections will come sooner than this Corrupt Government and MPs would like, and if the newly elected don’t do the publics bidding they will be booted out as well until they do. Also the younger generation will not tolerate the hype or bottom of the pile crap fed by a Government Controlled Media to placate them. ITSFRAUD and they know it. The recent riots are a precursor of what may come next should the young be ignored. They have no prospects hope or future because this and previous Corrupt Governments took the Financial Markets Money, and didn’t invest in small businesses this destroyed manufacturing their only hope of a decent job. Yet they see the MPs commit fraud Ministers being paid by Corporate Insurers, Bankers being paid Millions, Police taking bribes, while they exist on the cost of a bankers shoe lace. If they riot again, and they are angry, they will take control because they know there isn’t enough police or military. A Government spokesman recently broadcast that fact, (multiple attacks could not be dealt with especially while the Crooks in charge are on holiday. Austerity, Taxes, Fines, Vat, Fuel, Food and other Commodity increases imposed by the IMF are seen to be unjust. Especially when a recent very wealthy IMF chief appears in News reports to be able to avoid alleged very serious criminal proceedings with a chequebook and expensive lawyer. But no matter what happens now, the public are in unity; they will not allow the Banks to be bailed out again. No matter how long the inevitable is delayed, or QE or whatever other names it is called ITSFRAUD. 951 Cities residents in 80 Countries Protesting. Watch this public protest movement grow much larger. Corrupt Banks and Insurers are under scrutiny.

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