Taking on the Banks over bank charges

Radio 4 had a programme covering the issue of reclaiming bank charges. They also just had a good one on Privacy in peril which cover identity theft and use of information stored on us in databases such as credit card info.

But back to bank charges, which it seems well worth reclaiming any that have been made against you for missing credit card repayment, bounced direct debits or cheques, or unauthorised overdrafts in last six years (maybe more in Scotland, yet to check out, but there is lower limit of £750 at small claims court in Scotland). There are several websites with templates for letters to write and then small claims court procedure which will result in getting charges refunded. There are various other web forums where one can follow others success with this.

Consumer Action Group forum

Penalty Charges website includes forum

Bank Charges Hell

Martin Lewis on reclaiming bank charges

This is money on reclaiming bank charges

Basically given the government wish to save money by scrapping post office basic bank account to force use all to use banks to have benefits and pensions paid into; it is good people are taking on the banks over there unlawful use of bank charges to fund the advertising blurb of ‘free banking’ where 20% of often poorest customers who incur most charges fund wider current account system through bank charges that amount to extortion. The law says that charges that cover more than admin costs are an unfair penalty and that is unlawful.
Also the only local cash till in my area was converted to fee charging cash till that only warns on it is a pay cash till in blue writing in thing font on blue background.

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5 Responses to Taking on the Banks over bank charges

  1. sally says:

    I have managed to reclaim £4300 in bank charges with the help of http://WWW.CONSUMERCORNER.CO.UK;
    Another member has just managed to get over £17,000 from Abbey in small claims thanks to Shaun. Its a great website without them i would not have known where to start.
    Isn’t it about time the banks stopped wasting peoples time though and the courts and just pay up. The OFT are just a waste of time on this subject and leaving it to customers to do the dirty work when they could stop it straight away.
    well done to http://www.consumercorner.co.uk
    and the other forums that are helping people.

  2. sally says:

    I have managed to reclaim £4300 in bank charges with the help of http://WWW.CONSUMERCORNER.CO.UK
    Another member has just managed to get over £17,000 from Abbey in small claims thanks to Shaun. Its a great website without them i would not have known where to start.
    Isnt it about time the banks stopped wasting peoples time though and the courts and just pay up. The OFT are just a waste of time on this subject and leaving it to customers to do the dirty work when they could stop it straight away.
    well done to http://www.consumercorner.co.uk
    and the other forums that are helping people.

  3. Mark Bateman says:

    I saw an interesting article earlier where a man had enough and sent in the bailif to his local branch to seize up to the funds he is owed. Good on him!

  4. We used a good site to reclaim our charges, though it is quite easy to do yourself with the help of the bbc website. They provide all the letters you need to send out

  5. bunny says:

    In response to ‘Refund Bank Charges’ comment pointing to a website where an offer is made to deal with bank on someones behalf in return for fee on payout; I myself just claimed them back myself using template letter from elsewhere, and I would recommend others do the same. It would take longer to investigate if one could trust the person or people behind that site.
    The website has only existed since last year. I did not easily see a company behind so can’t check trading history or accounts at companies house. I guess it is just a self trading individual.
    I spotted a minor spelling mistake on website but that sort of thing puts me off using someone for services.

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