yaseent
Active Member
That's the problem!
That's precisely my thoughts. I'm not too concerned about a debit order being pulled too early, the problem is the penalty for overdraft should your bank account not be authorized to handle an overdraft facility.
I don't think 8ta should be blamed as much as the banks here.
First of all their debit order facility lacks relevant security and implementation. There are tons of fraudsters getting things on contract by fooling companies into creating debit orders on other people's bank accounts. The banks must be taken to task, and given that we have a Consumer Protection Act that has been seemingly implemented to take a bite of the little guy's pocket, and not large corporations. Banks must be confronted and put in their place. The bastards make tons of money that could be constituted as theft, or at least unethical. But since the banks control our economy, and almost everything else financially, we are but caught by the balls.
Services provided by banks on the other hand, absolutely pathetic. All that cash flow, money, and the years they've been given in this country - and still they fall short on technology and proper implementation.
People like to use excuses in this country, "Ya you know what we don't have the demand for such services etc etc and solutions like this are not profitable, we have too small a population to implement first-world systems blah blah". Bull! The banks have at least 40 million customers divided among them - step up and take responsibility!
That's precisely my thoughts. I'm not too concerned about a debit order being pulled too early, the problem is the penalty for overdraft should your bank account not be authorized to handle an overdraft facility.
I don't think 8ta should be blamed as much as the banks here.
First of all their debit order facility lacks relevant security and implementation. There are tons of fraudsters getting things on contract by fooling companies into creating debit orders on other people's bank accounts. The banks must be taken to task, and given that we have a Consumer Protection Act that has been seemingly implemented to take a bite of the little guy's pocket, and not large corporations. Banks must be confronted and put in their place. The bastards make tons of money that could be constituted as theft, or at least unethical. But since the banks control our economy, and almost everything else financially, we are but caught by the balls.
Services provided by banks on the other hand, absolutely pathetic. All that cash flow, money, and the years they've been given in this country - and still they fall short on technology and proper implementation.
People like to use excuses in this country, "Ya you know what we don't have the demand for such services etc etc and solutions like this are not profitable, we have too small a population to implement first-world systems blah blah". Bull! The banks have at least 40 million customers divided among them - step up and take responsibility!
