Hi,
I pay my council rates by weekly direct debit. If ever there are insufficient funds available in the account, the council charge a $15 "dishonour fee". Together with the $10 fee charged by the bank, that's greater than 50% of the actual payment
Aside from being unethical, is this legal?
How could they possibly justify it?
They also charge interest at a rate above 18%. While they themselves receive less than 1% on invested cash reserves. Not even credit card providers charge that much.
Thanks
I pay my council rates by weekly direct debit. If ever there are insufficient funds available in the account, the council charge a $15 "dishonour fee". Together with the $10 fee charged by the bank, that's greater than 50% of the actual payment
Aside from being unethical, is this legal?
How could they possibly justify it?
They also charge interest at a rate above 18%. While they themselves receive less than 1% on invested cash reserves. Not even credit card providers charge that much.
Thanks
