Complain to the bank, maybe get them to change it if they want to keep their customers.

You'd figure having access to your savings would be enough, but apparently not.

i suggest a talk with the bank member too.
i would say that these calls have to stop and you want to hear a sorry or they have to make it even in another way.

dunno if its right, but i never saw a formular where there was a point like that not mentioned and you had to make a mark in a special place. is that even judicial possible ?
true not acceptable if you havent overlooked smth

ofc if you had that formular at home for some days and time enough to read the whole thing, then i would only say that you dont want these calls in future because you overread it.
and that they dont give you data out again !

why didn't you read your bank's privacy policy? I read the one my bank sends every few months all the way from start to finish, and I have opted-out of anything that needed to be opt out of. I think most of it is actually opt-in.

so maybe they're sleazy assholes, but part of the responsibility lies upon you, I would guess.

I will do now, I didn't read it because reading every policy represents a lot of time reading policies and frankly I didn't think that level of detail about private banking would require an opt out.

Edit: to clarify, if I get junk mail because I cba to read and tick/untick the privacy policy that's ok, giving complete info about my actual banking is not ok.

capital one anyone?

George Agdgdgwngo strikes again.

totally legitimate!

http://www.youtube.com/watch?v=u7kJ8CovsNY

Soon he'll be receiving these types of calls, thanks to his bank.

http://www.youtube.com/watch?v=shMUlnetAA8

who is your bank? :)

The bank that he banks with.

Republic of Congo private investment bankings savers accounting

those motherfuckers at lloyd's charge me £6 every month for account maintenance even though i keep using it

quoting obi-wan in true geek fashion:
"banks, you won't find a more wretched hive of scum and villainy, we must be cautious"

Ask them if they have a free type of checking account. Often times banks have various types of checkings.

One account may have special features you're not taking advantage of or even need. For instance, my bank has a type of checking that has fee-free cashier's checks, money orders, and travelers cheques that have a monthly service charge. Those people who buy lots of cashier's checks a month save money, but those who never do are losing money.

It'd be in your interest to ask what you can do to get rid of the monthly service charge. Otherwise, just move to another bank that does offer free checking.

I don't think they would sell your info out of company. Your info was probably sold to a subsidiary of the Bank who does other financial services. But I'm not sure how different the banking system is over the Atlantic.

The bank that I work for has an Investments subsidiary and a low-credit-rating-loans subsidiary. Since those company are technically the employees of my employer, we share information about customers (nothing too personal like what deposits and transactions they're making) like average balances and types of accounts (checking, savings, CDs, money markets, etc.).

The reason we share is because we get referral incentives for starting new relations (not in that way) with customers. Say I refer Mr. Johnson to our Investments broker, I would get a certain number of points which not only affect my 'score' for the quarter, but also a change in my payroll for the quarter.

But, and it'll sound cheesy, customers often do benefit from this. For instance, I had a customer who had $80,000 in a basic, low yielding savings account. From the point-of-view of the bank, we were only paying half a percent to use that money. But from the customer point of view, the opportunity cost was enormous. We have other accounts at the bank that could yield ten times that for them. So by referral, we were able to make that person more money on that. Granted they have to pay taxes on the interest, but it's still efficiency.

I personally don't like getting cold called. But the information they share is sterile and uninteresting. If you're worried about them looking at how you spend your money, I wouldn't be worried. No one cares [in banking]. Watching drunks come in and out of my bank all day and seeing that they have welfare checks they want to cash is so hum-drum that whatever a good customer does is gleaming in comparison.

http://www.youtube.com/watch?v=Y0NNPGhdMRA

"But the information they share is sterile and uninteresting. If you're worried about them looking at how you spend your money, I wouldn't be worried. No one cares [in banking]."

Point is it's none of their damn business.

Information is power. Knowing who to do your business with is part of modern life and those who are seeking to do business are actively searching for those who would be a good match. In your case, you have money that you can invest and could earn yourself some extra interest or you're in a position to be extended credit -- how you choose to take advantage of that is your business and no one can force you to do anything with your money that you don't want to do.

How they have communicated that fact to you might annoy you and you could be entirely too uninterested in taking advantage of that type of information, but how many other people are interested and not annoyed?

It would be naive to think that no one is monitoring our comings and goings when it is often times mutually beneficial. I'm sorry, but you're going to have to accept that the only place you're gonna to avoid the invasion of your privacy is not in the civilized world.

it should be ix's choice whether or not information about him ends up with any company that he's not involved with. If he wants a financial product he can apply for one any time he likes; most ppl dont appreciate cold callers, or any uninvited promotion. I like how u twisted the invasion of privacy into a scenario that's "mutually beneficial". I think if a cold caller told me that, the air might turn blue. It's patronising to say the least, and it would be hard to convince me that any bank would care a jot for anything other than it's own interests

Lot's of things "should be". Doesn't mean they "will" be without an action by those who want them. I guess now ix-ir might vote for someone else, or read the print.

Example of how it's mutually beneficial.

This is the true story I wrote about above (which just happened about a month ago): A customer has $80,000 in a basic savings account at my bank for several years. They're earning 0.5% interest on that account. I inform them that a money market or treasury checking for them can earn them 4.5% interest on that amount of money.

I don't see how that's greedy of the bank. The bank lost a position of 0.5% on $80,000. That kind of deal is ridiculously profitable for the bank.

Would you prefer that your bank knows you have $80,000 and earning only 0.5% interest on it and keeps you entirely in the dark about it? What if the entire banking industry colluded and had you sitting on your money earning no interest in a basic checking account and you were unaware that you could be earning interest at all?

I could go into a bit more why the banks compete with each other and why we try to get the customers the best deals we can, but not sure whether you'd care to hear how capitalism and natural selection applies to the banking industry.

I guess it just depends on how motivated a person is to maximize their financial value. I suppose if someone is happy get shafted and not getting what they a properly due, then they should just say, "No thanks, not interested."

you've completely missed the point. the buying and selling of personal information without the express consent of the customer is unethical

I don't know about the UK, but in the states it's illegal to sell financial information. More than likely, it was the same company (different business unit, subsidiary) contacting him.

I think it's illegal in the UK not unethical

it's both. in any case i've a dim view of banking with the northern rock thing here, and sub primes in the usa. money as debt = lolz

youre a fool if you dont think that theyve already tapped your line

ALRDY TAPPED UR MUM

way to ruin cpm