Banks leave some customers in 'dire poverty'

Some customers are living in ‘dire poverty’ because High Street Banks have been ‘setting off’, which involves that banks have been taking money, sums between £100 and £200, out of the customers’ account without asking them for permission. Moving money from a current account, usually to pay off a credit card account which is overdrawn, is not illegal; the banks only have to tell it to their customer. This activity of some High Street Banks can be helpful for many people, because in this way they are saved from interest charges, but it can also go wrong and can lead to poverty  for other people. This practice has increased in the last four years and  can be very devastating, this is why a lot of people would like this to be banned, but it wouldn’t be easy to achieve because this requires legislation. (BBC)

Eveline Van Berlamont