The reason you can reclaim is simple; it’s because bank charges are unlawful. Of course, the banks don’t agree, which is why there’s currently a High Court test case to decide this once and for all. Yet this guide isn’t about making a political point; it’s a practical guide to getting your money back.
The core argument is that banks should only impose charges which are in proportion to their costs. This is because under the Unfair Terms in Consumer Contract Regulations the charge should not exceed the cost to the provider.
Why can you reclaim bank charges? The reason you can reclaim is simple; it’s because bank charges are unlawful. Of course, the banks don’t agree, which is why there’s currently a High Court test case to decide this once and for all. Yet this guide isn’t about making a political point; it’s a practical guide to getting your money back.
The law behind this The core argument is that banks should only impose charges which are in proportion to their costs. This is because under the Unfair Terms in Consumer Contract Regulations the charge should not exceed the cost to the provider. Yet go If someone told you they were about to punch you before smacking you; it doesn’t make it legal. The same’s true with bank charges.
Does it really work? Getting your money back isn’t an official process like it is for Endowment misselling or even quasi-official like Mortgage Fee reclaiming: it's about challenging the big beasts of the banking world.
I would like is I am responsibe for another person bank charges. Here is the deal. I write you a check, you deposit it into your account at another ba...
I had an argument with my bank and they want to close my account. Can I still claim back my bank penalty charges?
I have gone over my overdraft limit by a small amount, but the charges have bumped up the total i owe by quite alot, i have not payed the bank yet. W...
I'm doing a bookeeping course and I need to put in writing the difference between bank charges and government taxes and duties which appear on a b...
I have requested my statements and recieved them this morning, i have recieved a total of £758 in bank charges since June 2004, please could someone ...
I heard from TV news (possibly a year ago), there is a website providing template letter help to claim the late payment charges (credit card) from the...
I have sent off for a copy of my statements,but not sure when i will be able to claim back bank charges again.
I had an argument with my bank and they want to close my account. Can I still claim back my bank penalty charges?
I sent in a claim for my bank charges in July 2007. I was replied to by Abbey stating that the FSA had allowed all cases to be put on hold until the...
Hi, I am thinking about claiming back my bank charges, however I have a problem which may affect my ability to do so. Unfortunately I have an overdra...
Just had one of these computerised phone calls asking me to claim my bank charges back but I thought that was still being fought in court?!?
am a student and have an overdraft with Halifax which have had several charges in the past years. I am therefore thinking of transferring my overdra...
Is there any good company in UK to reclaim unfair bank charges?
I want to reclaim my charges but I have 4 accounts and it looks like such a hassle, with so many upfront fees and so much stress. I was thinking of us...
for anyone to reclaim their charges? It has been 6 months now and he still hasnt heard anything.
as the question says, i was just wondering how many people have signed up with the rip off companies that charge upto 40% to reclaim your bank charges...
I have had various charges applied to my account over the last few years, most of them warranted but for really small things like being overdrawn by Â...
I was with abbey 6 years ago and i swear that all the charges ended up getting my house reposessed. how would i go aout claiming from a bank im no lo...
im due 2 and a half grand and its killing me....ive been waitng a year through a company called bank smart! They said it should be resolved in 6 weeks...
I was outa work about three months ago and ran my account down to nothing. I forgot i had direct debits still coming outa my account on top of this ...
my complaint has been put on hold by the halifax untill the big court case has ended. does anyone know when this court case is likely to end?
How can these charges be justified?Its a vicious circle for those people who are working themselves into the ground just to live!Apparently these bank...
I have a checking account with Washington Mutual. My account is $400 overdrawn. If the bank closes my account and sends me to collections will that ...
I am trying to send money to different people in my family from the internet. I am looking for what Bank will allow for ACH transfers or direct wiring...
I have a paypal account and a bank account. Is paypal similar to a secondary bank account? Can I use paypal by itself to make payments, or do I need t...
I am now a Regions customer and have been really unsatisfied with their services. I have never had so many problems with a bank before. The overdraft ...
There was a levy placed on my current bank account by a bill collecting agency(credit-card debt) and I am stil owing. My dilienma is that I was laid o...
I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some mor...
I have some credit debt left and I'm wondering if I should put the extra money I make from selling my home into the new house I'm purchasing o...
Kidding.. but if anyone does have extra cash..I'd be grateful for the offer. Actually, I'd like to know advice on the best way to pay off cre...
Sometimes i get letters from credit card debt angencies saying i owe the same balance that i had for 6 years, but sometimes shows more balance with in...
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years sin...
What is the benefit of using debt consolidation for credit card debt? I am trying to decide to either call the credit card companies myself and negot...
I have about 15k+ credit card debt on 5 different cards. I want to consolidate, but every website/company looks exactly the same when I do online re...
Anyone have a good site with a listing of credit card debt consolidation providers?
Is there way to consolidate my credit card bills and get a lower payment without affecting my credit?
Due to a family tragedy, my husband and I are currently in $26,000 of credit card debt. All of the payments are current and the cards are paid on time...
We started a program with "Consumer Credit Counselors" This progarm has us pay the Consumer Credit Counselors, then they pay the credit card...
My friends husband died leaving her three kids and over $100,000.00 in credit card debt. She has been trying to pay but now is getting threatened with...
I'm looking for an alternative to bankruptcy and wanted to see what my options are? I've looked into credit counseling and I don't feel t...
Can an individual eliminate credit card debt by declaring bankruptcy? I didn't think you could wipe it out, just get the bill collectors off yo...
Estimated 6000 debt on high interest credit card....
When a card holder uses a credit card, he is borrowing from the credit company. How he eliminate his credit card debt.
without morgaging the house.
Applying for green card and i have a high credit balance. Im from Malaysia, will this affect my process? I went to college in the U.S. and have been e...
I have my credit account set up to take the full amount of the the credit balance directly out of my checking on the 28th of each month. I have read m...
Hi. I recently just got my first credit card ever and used it to make a $1600 purchase. The credit limit is $3000, so obviously I'm over 50% of th...
I have 5 credit cards carrying a total balance of $4600. I got a credit card offer for 0% on balance transfers until January 2009. Should I transfer...
I've been thinking as long as you pay off your credit card balance in time before their due date, you only pay for what you swipe. I thought APR ...