Now this is genius.

[Sean]

http://now.msn.com/dmitry-agarkov-outwits-russian-bank-by-writing-own-credit-card-terms

 

[Byron In Exile]

Fairly awesome.

 

[butters]

*stamps seal of approval after looking*

 

[rosco rathbone]

Two can play that game eh? What's sauce for the goose is sauce for the gander. Turnabout is fairplay.

 

[Sean]

Two can play that game eh? What's sauce for the goose is sauce for the gander. Turnabout is fairplay.

Fuckers haven't got a leg to stand on.

 

[KRCummings]

Surprised this hasn't happened before now. Or maybe it has but was spotted before anything went through.

 

[rosco rathbone]

Fuckers haven't got a leg to stand on.

Now they've either got to pass a law outlawing that, or hire a bunch of temps to actually read that shit.

 

[KRCummings]

Now they've either got to pass a law outlawing that, or hire a bunch of temps to actually read that shit.

I would imagine that a disclaimer would work although they'd have to wait and see if it held up in court when someone else tries it.

 

[rosco rathbone]

I would imagine that a disclaimer would work although they'd have to wait and see if it held up in court when someone else tries it.

Hopefully they'll be bombarded with copycats now.

 

[Sean]

Now they've either got to pass a law outlawing that, or hire a bunch of temps to actually read that shit.

I would imagine that a disclaimer would work although they'd have to wait and see if it held up in court when someone else tries it.

If the bank loses, fair play to Mr Agarkov. If the bank wins, expect a couple of million lawsuits against the banks citing precedent.

 

[rosco rathbone]

If the bank loses, fair play to Mr Agarkov. If the bank wins, expect a couple of million lawsuits against the banks citing precedent.

Got them over a barrel does he. Jolly good show.

 

[Phelia]

Brilliant. What are bank fees like in the UK? Is it as over the top as it is in the US? There was a debit card fee proposed a few years ago that was shouted down, but I remember reading that banks make some 30 billion dollars annually from overdrafts.

And I understand that they're providing and service and taking a risk blah blah blah, but man. Being poor sure is expensive.

 

[KRCummings]

Brilliant. What are bank fees like in the UK? Is it as over the top as it is in the US? There was a debit card fee proposed a few years ago that was shouted down, but I remember reading that banks make some 30 billion dollars annually from overdrafts.

And I understand that they're providing and service and taking a risk blah blah blah, but man. Being poor sure is expensive.

There are debit card fees in the US from some banks. Mine doesn't have them but some have a fee if you go over so many transactions a month. There are also debit card fees for the retailers.
Overdraft fees are expensive but they should be. Don't do it. It's as simple as that. You go over your balance it's your own fault and damn skippy you should pay a fee cuz the bank covered it for you.

 

[Sean]

Brilliant. What are bank fees like in the UK? Is it as over the top as it is in the US? There was a debit card fee proposed a few years ago that was shouted down, but I remember reading that banks make some 30 billion dollars annually from overdrafts.

And I understand that they're providing and service and taking a risk blah blah blah, but man. Being poor sure is expensive.

You can get free banking in the UK as long as you stay in credit. Debit cards, cheques and stuff are free. What they fuck you with are unauthorised o/d charges. It's 35 quid every time a direct debit, standing order or cheque bounces. Personal o'd's used to be the cheapest form of credit available, not sure now, it's a while since I've had one.

 

[Phelia]

There are debit card fees in the US from some banks. Mine doesn't have them but some have a fee if you go over so many transactions a month. There are also debit card fees for the retailers.
Overdraft fees are expensive but they should be. Don't do it. It's as simple as that. You go over your balance it's your own fault and damn skippy you should pay a fee cuz the bank covered it for you.

Yeah, I've heard of fees if you go below a minimum balance or over a certain number of transactions. I just don't like the idea of big banks recouping their money by slapping multiple fees on people who are least able to afford it. I think overdraft charges are too high. I know they're completely avoidable and of course you should be on the hook if you spend more than you have, but there's something slimy about it, especially since the banks with the most outrageous charges are typically the ones holding the most assets. Just really greedy, but I mean, it's banks, so.

You can get free banking in the UK as long as you stay in credit. Debit cards, cheques and stuff are free. What they fuck you with are unauthorised o/d charges. It's 35 quid every time a direct debit, standing order or cheque bounces. Personal o'd's used to be the cheapest form of credit available, not sure now, it's a while since I've had one.

Ah, ok. Sounds pretty similar. Thank you!

 

[KRCummings]

Yeah, I've heard of fees if you go below a minimum balance or over a certain number of transactions. I just don't like the idea of big banks recouping their money by slapping multiple fees on people who are least able to afford it. I think overdraft charges are too high. I know they're completely avoidable and of course you should be on the hook if you spend more than you have, but there's something slimy about it, especially since the banks with the most outrageous charges are typically the ones holding the most assets. Just really greedy, but I mean, it's banks, so.

People have a choice of banks. Don't like the fees, don't use them. No excuse for not knowing and certainly no excuse for incurring the fees in the first place.