CAMPAIGN AGAINST ROBBING BANKS.(C.A.R.B.)

Here is a direct quotation from Abbey’s account conditions that allows them to steal what they wish in the form of interest and bank charges from poor unsuspecting customers for whatever reason the bank deems as being valid, even when they have misrepresented the product you have agreed to subscribe to:-

“…we may also change our interest rates and/or charges for any reason which is valid. If we do so we will give you notice and you are free to close your Account immediately without loss of credit interest but you must repay any overdraft, interest or charges outstanding on your Account.”

The Example I question was the case of a person on benefit who needed an account to comply with the governments requirements to get all persons on benefit onto direct payment. For medical reasons an account and a debit card that could not accidently get into the red and attract unsolicited charges was requested. This card did not live up to the promises of the Abbey bank representative and allowed the person to go into the red by around forty pounds, to which the bank responded by imposing over two hundred and twenty pounds bank charges. To now close this account would cost the customer around three weeks benefit!

Banks have the power to prevent debit cards from allowing the customer to overdraw. If they abuse this and allow overdraught they are morally bound to admit that they authorised it and only charge the published rate of authorised overdraught. This daylight robbery of our poorest and most vulnerable citizens must stop and C.A.R.B. calls for direct action to outlaw and boycott any bank who’s account conditions contain this or similar Charters and practices for robbing their poorest customers. Abbey being the first!