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Nairaland Forum / Nairaland / General / Business / Banks Charge Customers For Failed Transactions (54113 Views)
Why Are Banks Not Reversing Failed Transactions? / USSD Transactions: Banks Forced Us To Charge Customers—mtn Nigeria / Banks To Pay N10,000 Fine For Failed Transaction Not Reversed Within 24hrs (2) (3) (4)
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Re: Banks Charge Customers For Failed Transactions by Globad(f): 7:55pm On Nov 20, 2020 |
Djamel: May be it's the way the headline is but this does not affect the example you gave. 1 Like |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 7:57pm On Nov 20, 2020 |
okenwa101: The only fool here is you. Your head is empty but your mouth is loud. The issue here doesn't cover ALL the examples you gave. Go back to all your schools and ask for a refund and stop jumping into issues that you have zero understanding of. 2 Likes |
Re: Banks Charge Customers For Failed Transactions by kunzzy4me(m): 8:02pm On Nov 20, 2020 |
femijay8271: What happen if you did a transfer and the receiver didn't receive the money for 2 day.which is the bank error ...will bank pay for such fail transaction ...and more over not every debit in ur acct you get sms alert for with Nigeria system...what happen in that instance ...God no go shame us 1 Like |
Re: Banks Charge Customers For Failed Transactions by akinsmyk(m): 8:13pm On Nov 20, 2020 |
*Bring in all your gift cards for redemption* *You can also trade your Bitcoin here* *For cool and dope rates WhatsApp 08136682747* |
Re: Banks Charge Customers For Failed Transactions by AshipaEk0: 8:25pm On Nov 20, 2020 |
Globad: so i should pay 5k fine because i was left with 5,745 in my expense account due to various bank charges when my monthly showmax debit is 6k something that happens now and i pay when i get income for expenses. this is not very clever from you, but then its expected |
Re: Banks Charge Customers For Failed Transactions by Kcdojoto(m): 8:31pm On Nov 20, 2020 |
So who will charge them for a failed transaction when you have enough money in your account? |
Re: Banks Charge Customers For Failed Transactions by frankson1(m): 8:34pm On Nov 20, 2020 |
onyechez: You are very correct at @ the bolded. It's the system we find ourselves in. I didn't comment on your observation because it wasn't mentioned. Good evening. |
Re: Banks Charge Customers For Failed Transactions by AshipaEk0: 8:34pm On Nov 20, 2020 |
they gave you people this thing to post and you are posting it verbatim with random accounts. lol wonderful BMC idiocy ogbaj: |
Re: Banks Charge Customers For Failed Transactions by Adedapo57: 8:36pm On Nov 20, 2020 |
Nemere2020:The most wicked and inhuman country in the world |
Re: Banks Charge Customers For Failed Transactions by frankson1(m): 8:38pm On Nov 20, 2020 |
Re: Banks Charge Customers For Failed Transactions by Nobody: 9:02pm On Nov 20, 2020 |
linearity: Direct debit is different from standing orders so the above examples don't apply. In direct debit the payee(bank) executes the transaction to debit from you (payer) bank. For example I have a lot of direct debits on my account, It's different from standing order when I (payer) bank executes the transaction to the payee bank. 1 Like |
Re: Banks Charge Customers For Failed Transactions by Nobody: 9:08pm On Nov 20, 2020 |
WoundedLamb: You are right, just that in direct debit. the instruction is executed by the payee (bank) to the payer (bank) but in standing order the reverse is the case. |
Re: Banks Charge Customers For Failed Transactions by WoundedLamb: 9:14pm On Nov 20, 2020 |
Studymore123: Ok. Thanks. |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 9:23pm On Nov 20, 2020 |
AshipaEk0: Are you asking a question or attacking me? Choose one |
Re: Banks Charge Customers For Failed Transactions by inspectorg(m): 9:24pm On Nov 20, 2020 |
Karlovich:Make una no make pee for body while adey laughoooo!!!!. |
Re: Banks Charge Customers For Failed Transactions by ericmor: 9:25pm On Nov 20, 2020 |
Globad: So what happen to a failed transaction when I needed it so much even with excess money in my account and the bank claim is due to their network service? So I need to loose a business transaction bcs of the failure of my bank system. They don't even inform customers when they notice the issue till after it has been resolved. But why will I want to execute a transaction when I know I don't have a kobo in my account self. Some people self get issue |
Re: Banks Charge Customers For Failed Transactions by inspectorg(m): 9:26pm On Nov 20, 2020 |
Bossontop:My bruuudaaa!!!!!... eeenhh... |
Re: Banks Charge Customers For Failed Transactions by webincomeplus(m): 9:29pm On Nov 20, 2020 |
Globad:You’ve got sense. Majority of those typing rubbish replies never read the post in detail. Only a crook places a standing order on an account that isn't funded. 1 Like |
Re: Banks Charge Customers For Failed Transactions by ignis: 9:51pm On Nov 20, 2020 |
frankson1: Congratulations 1 Like |
Re: Banks Charge Customers For Failed Transactions by khia: 11:23pm On Nov 20, 2020 |
Alezy: Hi my darling. |
Re: Banks Charge Customers For Failed Transactions by linearity: 11:29pm On Nov 20, 2020 |
Studymore123: What I described is a standing order, it is me asking my bank (payer) to execute the transition to the payee bank...it is not a direct debit, where the transaction originates from the payee bank. Regardless, that distinction is irrelevant to the main point of this conversation, since in both cases NSF applies either the transaction is originating from the payer bank or from the payee bank. |
Re: Banks Charge Customers For Failed Transactions by NightHawke: 11:41pm On Nov 20, 2020 |
Nemere2020: Who penalizes the banks when the bank doesn't remit the funds on the due day, either due to their network failure or any other reason as may be proffered by their customer care. GTB all of today could not receive POSCredit. I eventually had to use another bank and the inconvenience of explaining to the recipient. Customers are more exposed than the banks. |
Re: Banks Charge Customers For Failed Transactions by Kraytur: 12:43am On Nov 21, 2020 |
Globad: Now that you have successfully defended your notion kindly defend the ridiculous inflation Rates on food and petrol and electricity and the steady decline on naira - usd rates and unending debts then defend why there’s no fiscal increase in the minimum wage then defend why all this is linked to the endsars protests if you fail to defend this then your previous comment is rendered null and void and baseless las las we all go get sense !!!..... |
Re: Banks Charge Customers For Failed Transactions by Puya: 1:04am On Nov 21, 2020 |
onyechez: Always read to comprehend..you could’ve gone over this thread and you will get your answer You are NOT the one initiating the “direct debit” Direct debit is different from your regular debit, hence there won’t be any “technical issue or country network” The bank is the one initiating the transaction for you on your behalf in the stance of a standing order where you must have instructed them to always debit your account on specific dates to be credited to another account. So every month, they do that for you So you need to make sure your account is sufficiently funded before due date. So it’s not an “unintentional mistake”. if you know you can’t stand by an order you gave to the bank, don’t request for it in the first place .. kuku Dey transfer your money by yourself every said month .. There is another stance (of direct debit) where a secondary bank debits your account due to loans and stuff but that is not for the average Nigerian. Your regular failed transactions you’re insinuating in your example of 4000naira and 3500 is not what CBN said they will charge you for. 1 Like |
Re: Banks Charge Customers For Failed Transactions by BRATISLAVA: 5:44am On Nov 21, 2020 |
Globad: If only they would take this same automatic approach to declined transactions from the banks and no refund until you beg them to! That's what constitutes a wicked country. Banks have rights to deduct, but citizens don't have rights when it's time to refund failed transactions? We are still yet to see anyone with compensation from a fined bank that refused to refund. All lies where the banks are concerned. |
Re: Banks Charge Customers For Failed Transactions by wanderlust007(m): 6:02am On Nov 21, 2020 |
techmo: It is obvious you don't understand the post or pet me say in a bid to use a catchy healdine, OP's title is actually misleasing. They are not charging you for all failed transaction, they are charging you for initiating a "direct debit" and not having funds to honour it, it's just like writing a cheque to someone but you didn't fund your account, it is actually an offence. So, someone took a loan or bought a gadget on credit and a direct debit was raised on the account for monthly repayment but the person, some people will withdraw their money immediately their salary comes in (before the direct debit takes effect) hence the direct debit transaction fails. 1 Like |
Re: Banks Charge Customers For Failed Transactions by BalogunIdowu(m): 6:38am On Nov 21, 2020 |
These people are so clueless Hardship is there name |
Re: Banks Charge Customers For Failed Transactions by Globad(f): 7:06am On Nov 21, 2020 |
Kraytur: This is about the longest sentence I've seen with the poorest punctuation. 1 Like |
Re: Banks Charge Customers For Failed Transactions by Handsomebb: 7:21am On Nov 21, 2020 |
NO BE WHEN I USE BANK......FOREX NEVER CRASH. |
Re: Banks Charge Customers For Failed Transactions by Blackdisciple(m): 7:43am On Nov 21, 2020 |
Wickedness in high places |
Re: Banks Charge Customers For Failed Transactions by Nobody: 8:09am On Nov 21, 2020 |
Puya:Are you saying this is the only thing that it meant? from what you said. |
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