Banking Regulations and Large Corporates - Beware
Found out some pretty shocking information.... I cancelled my insurance policy with AMI and they owed me a refund.
Instead of paying the refund, they set up a direct debit on my bank account with BNZ without my authority and withdrew the amount they were supposed to refund me.
Called the bank to find out how that could have happened and they told me that "a number of large organisations were allowed to set up direct debits without any authorisation from the customer".
I called the Banking Ombudsman and they confirmed that was correct. They said it was done to "reduce the amount of paperwork for the organisations and they depended on the fact it would reflect badly on these organisations if they abused the plan" to prevent any issues.
So anytime they want, telcos, insurance companies electricity companies, etc can set up a direct debit on your accounts and deduct money. If you want to dispute it, you have to go through a disputes resolution process, so there goes hours, days or months of your time to get your money back.
Unbelievable!!!!!
Neighbourhood Challenge: Who Can Crack This One? ⛓️💥❔
What has a head but no brain?
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World Beyond War CULTURE OF PEACE Art Exhibition 20 to 25 January
World Beyond War Te Waipounamu South Island
Aotearoa New Zealand
Invite you to
A Culture of Peace Art Exhibition
At Pūmanawa Level 1 (lift available)
Arts Centre Worcester Street
Tuesday 20 January 12.30 pm to 4pm
Wednesday 21 to Sunday 25 January 10.00am to 4pm
Art works and some World Beyond War merchandise for sale
Koha Appreciated
Contact: twpnz@worldbeyondwar.org
Poll: Pedestrian access is being extended to the Ōtakaro Avon River - good idea?
Pedestrian access from one of Christchurch’s favourite streets is being extended all the way to the Ōtakaro Avon River. This new 12m-wide pathway will give you a direct, easy route from the street to the river promenade ... perfect for a stroll, a coffee run, or just soaking up the riverside vibes.
We want to know: In your view, what makes a city people-friendly?
What else should our urban areas be doing to support better community connections?
Curious about the full plans? You can check them out here.
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87.8% Yes
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12.2% No
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