At coffee this morning, colleague mentioned that she has 2 current accounts and 2 deposit accounts with her bank, for about 26 years. All accounts are in her sole name. One current is for business (with €50K o/d facility) and the second for private use (with NIL o/d facility). The two deposit accounts are personal, one her emergency fund and the other a regular saver.
Balance in savings accounts is about €18K.
She recently drew a personal cheque for in excess of balance and it bounced. This is the first time this happened and the real reason was that she simply forgot to transfer between accounts to ensure that there would be money in Current Account.
I felt that this was wrong and that the bank should have considered her entire funds before bouncing, or phoned her in advance. Am I incorrect in this?
Are they not obliged to act in HER best interests under the Consumer Protection Code, whilst at the same time balancing this with looking after the BANK's interest in not getting stung?
I want her to complain; have the bounced charges refunded; a letter issued to the payee to confirm that there is no blot on her character; confirmation that there is no blot on her credit record and the fee paid by payee to her bank for the bouncing also to be refunded.
She does not know what to do, but is embarrassed as lives in a small town and payee is also a local.
Thanks
Balance in savings accounts is about €18K.
She recently drew a personal cheque for in excess of balance and it bounced. This is the first time this happened and the real reason was that she simply forgot to transfer between accounts to ensure that there would be money in Current Account.
I felt that this was wrong and that the bank should have considered her entire funds before bouncing, or phoned her in advance. Am I incorrect in this?
Are they not obliged to act in HER best interests under the Consumer Protection Code, whilst at the same time balancing this with looking after the BANK's interest in not getting stung?
I want her to complain; have the bounced charges refunded; a letter issued to the payee to confirm that there is no blot on her character; confirmation that there is no blot on her credit record and the fee paid by payee to her bank for the bouncing also to be refunded.
She does not know what to do, but is embarrassed as lives in a small town and payee is also a local.
Thanks