Internet scams

[lesmeyer]

.....
Why did we put a washing machine on the moon?

To launder the money ???
Les

[Cliff Rogers]

To launder the money ???
Les

Was there an ATM there too?

[bsrlee]

Saw another one of these scams on one of the nodding head shows on after the news. Elderly woman authorised a single transaction, bank kept accepting transactions from scammers, she closed the account & advised the bank the claims were fraudulent. Bank then deducted money from another account to keep paying the scammers - I think $20,000 was mentioned, these guys were ripping about a thou' a time.

I don't know the ultimate outcome as it was one of those 'keep watching all week' stories. I ( and several friends) wonder that someone doesn't go the bank managers for 'aid & abet' to fraud/stealing, or maybe just buy a hot shottie and a box of shells & go postal at the local branch when they reach bankrupcy.

[Gra]

Saw another one of these scams on one of the nodding head shows on after the news. Elderly woman authorised a single transaction, bank kept accepting transactions from scammers, she closed the account & advised the bank the claims were fraudulent. Bank then deducted money from another account to keep paying the scammers - I think $20,000 was mentioned, these guys were ripping about a thou' a time.

I don't know the ultimate outcome as it was one of those 'keep watching all week' stories. I ( and several friends) wonder that someone doesn't go the bank managers for 'aid & abet' to fraud/stealing, or maybe just buy a hot shottie and a box of shells & go postal at the local branch when they reach bankrupcy.

The bank would be fully liable for all of the unauthorized transactions. Give it to the bank in writing, I rescind the authorization for the withdrawl, keep a copy, any withdrawals after that, they are liable for.

[Wongo]

Sometimes I just don’t know what the banks are thinking.

[journeyman Mick]

Sometimes I just don’t know what the banks are thinking.

Simple,
"Make more money"
that's all they ever think.

Mick

[Wongo]

So it is not too harsh to say that they are all bastards.

[journeyman Mick]

So it is not too harsh to say that they are all bastards.

I think that's rather harsh for any bastards, being lumped in with banks.

Mick

[silentC]

You need to keep a few things in mind:

1. Bank staff are human too. They just want to do their job and get paid like everyone else.

2. Everyone hates banks until they need more money than they've got to buy something.

3. There are very few, if any, people working for banks who understand all of the rules and processes. You can easily get different answers to the same question from different people.

4. Privitisation means that the focus is on return to the shareholder. That is how the whole internal appraisal system is set up. If you are not contributing to the share price, you are not doing your job. This is achieved by making your job rating reflect that of your manager, which reflects that of his manager and on up the tree.

5. People are actively encouraged and even rewarded for coming up with new ways of getting money out of people. That is their sole purpose.

6. They are all bastards.

[Zed]

7. they are all bastards

8. they are all bastards

9. they are all bastards

10. profits come first.

[journeyman Mick]

I too need to make a return for the owners of my business (wife and I). I'm always looking for ways to increase my return and minimise my costs and effort, but the quality of the job and my job satisfaction comes before the money. Don't know how people can live with themselves. whatever line of work they're in, if their job focus is on screwing the customer.

Mick

[silentC]

if their job focus is on screwing the customer

They don't see it that way. You're taught that you are providing the customer with a service, for which he must pay. I'm sure that most back room banking boffins think that charging fees for services is fair and can't understand what all the fuss is about.

As for job satisfaction, the people working in branches get very little of that but they have no control whatsoever over the circumstances under which their employer chooses to conduct their business. It's not much different from being in the infantry - you follow orders and take the consequences while the people who send you out sit back and view the "overall picture".

There are worse jobs though. Like being a telemarketer

[Sturdee]

Whilst not excusing Banks as such we haven't heard the real problem but like the alledged current afffairs shows (like Today Tonight and A Currant Affair) the boards collective venom is directed at the Banks. Makes a change as usually it is Real Estate Agents or Bunnings.


I would like to see what authority was actually given to the Bank and then what actions the customer took in this case to actually cancel that authority. It may well be that the wording of the authority was such that she could not cancel it without approval of the other party and the Bank may well be innocent.


Bank's don't usually ignore customers unless the authority that she signed was legally binding on them. Also did she actually close the account and reopen it again or just changed card and account number which doesn't alter the legal effect of the authority signed. None of that was canvassed except that Bank's are all bastards again.


Then, ofcourse the Bank's charging fees for services rendered comes up. Sure in the past they didn't charge for all things but they made up for it by charging higher interest rates on borrowed funds then.


When I worked in the Bank there were many hidden fees that are now shown openly ( eg. there were 5 hidden fees in every currency transaction, hidden in the conversion rate, that are now shown as one open commission). Personally I prefer to know about them so work out how to avoid them.


May be you know of a business that doesn't charge for its services but I don't, so please get of the I hate banks bandwagon and start to wonder what stupid thing the customer did to get stung.


Peter.

[ozwinner]

But Sturdee its fun to hate banks...at least we are leaving Bunnings alone, now imagine if Bunnings opened a bank..

Al

[Stuart]

Mmmmmmm Bunnings Credit Card Droooooool