Card transactions taking longer to process
Is it just me and mine, or has anyone else noticed that the banking system seems to be moving slower for ordinary consumers? Debit card payments, we’ve noticed, are taking longer to leave our bank accounts than they used to, which can result in nasty miscalculations when checking your balance several days after using your card.
I got an email today telling me that my PayPal account is now in the red by £22 owing to something I ordered, thought I’d paid for, and received through the post over seven days ago, only now having PayPal trying to take the money, which isn’t in my bank account—and there won’t be any money in there until next Tuesday! The vendor has got its money, it got it on the day I placed the order. PayPal checked my account at the bank as part of the online payment process, and, I thought, took the money there and then. But obviously, PayPal just checked the money was there, which it was at the time, and then only tried to actually take it over seven days later, which is frankly the most stupid way of handling a commercial transaction I’ve ever encountered.
tags: banking, charges, credit crunch, direct debits, greed, transactionsRedistribute wealth to the people, not the banks
I am so sick of the banks demanding more and more money, and holding back on doing what banks are supposed to do until they get it. It is the banks pushing us into not recession, but depression, by their refusal to lend to one another, and to ordinary people just wanting to get by from month to month, and keep their homes. We’ve been constantly told for decades that there’s no money in the pot for this or that social improvement, no way to prop up our health and benefits systems, our pensions, and then suddenly the governments of the world’s richest nations are able to find trillions to stop giant banking institutions from falling on their own swords because they made greedy and immoral decisions, and now have the jitters so bad they’ve stopped working.
tags: abstention, banking, credit crunch, democracy, finance, voting, wealth redistribution
RIPA NOTICE: NO CONSENT IS GIVEN FOR INTERCEPTION OF PAGE TRANSMISSION