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.

Bank Charges

 

Bank Charges Articles

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.

Bank Charges Questions

Bank charges?

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...

Can you claim back bank charges if you account has been closed by the bank?

I had an argument with my bank and they want to close my account. Can I still claim back my bank penalty charges?

What can i do about bank charges that i have not paid ?

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...

explain the difference between bank charges and government taxes and duties?

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...

How do i go about reclaiming my bank charges?

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 ...

How to claim late payment bank charges?

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...

Complete Bank Charges Questions

claim bank charges

 

Claim Bank Charges Questions

can you still claim bank charges back?

I have sent off for a copy of my statements,but not sure when i will be able to claim back bank charges again.

Can you claim back bank charges if you account has been closed by the bank?

I had an argument with my bank and they want to close my account. Can I still claim back my bank penalty charges?

Can I pursue my bank charges claim again?

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...

How can I Claim Back Bank Charges When in Arrears?

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...

Can I claim bank charges back yet? Or is it still in the test case thing?

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?!?

Can I claim bank charges for a closed account/ tranferred account?

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...

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reclaim bank charges

 

Reclaim Bank Charges Questions

How to reclaim bank charges?

Is there any good company in UK to reclaim unfair bank charges?

Has anyone used a legal company to reclaim their bank charges for them?

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...

My Husband is trying to reclaim his bank charges from a company we found on the internet. How long did it take

for anyone to reclaim their charges? It has been 6 months now and he still hasnt heard anything.

How many people have used rip off fee charging companies to reclaim their bank charges ?

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...

Anyone know anything about a letter to reclaim 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...

hi how do i reclaim bank charges from a bank i am no longer with ?

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...

Complete Reclaim Bank Charges Questions

bank charges court case

 

Bank Charges Court Case Questions

when will the bank charges court case be resolved?

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...

whats the score with the bank charges court case?

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 ...

unfair bank charges court case?

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?

Does anybody think that theOFT stand a chance of winning in the court case against bank charges?

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...

Complete Bank Charges Court Case Questions

Bank Account

 

Bank Account Questions

Bank account?

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 ...

What bank account can wire money to an external bank without knowing the two small deposits or login?

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...

Do you need a bank account to purchase something with paypal?

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...

What bank offers the best bank account and services for students?

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 ...

How does a creditor find your bank account?

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...

Complete Bank Account Questions

credit card debt

 

Credit Card Debt Questions

How do I fix credit card debt, I got good info on http://credit-debt-consolidation.blogspot.com/ , need more?

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...

Selling home, making a profit - better to pay off credit card debt or put money into new home?

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...

Who would like to pay off my credit card debt for me?

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...

What does default on credit card debt mean? do i still get charged intrest & extras in default of payments?

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...

Is credit card debt considered an open account or a written contract?

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...

Complete Credit Card Debt Questions

credit card debt consolidation

 

Credit Card Debt Consolidation Questions

What is the benefit of using debt consolidation for credit card debt? ?

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...

Which credit card debt consolidation programs are most reputable?

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...

Directory of credit card debt consolidation loans companies?

Anyone have a good site with a listing of credit card debt consolidation providers?

Considering credit card debt consolidation, would this be a good choice; recommendations who I should use?

Is there way to consolidate my credit card bills and get a lower payment without affecting my credit?

Bank loan or debt consolidation program for credit card payoff?

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...

Complete Credit Card Debt Consolidation Questions

credit card debt relief

 

Credit Card Debt Relief Questions

What is the best method for consumer credit card debt relief?

We started a program with "Consumer Credit Counselors" This progarm has us pay the Consumer Credit Counselors, then they pay the credit card...

What are the best credit card debt relief services?

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...

What is the Best Credit Card Debt Relief Companies?

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...

Complete Credit Card Debt Relief Questions

eliminate credit card debt

 

Eliminate Credit Card Debt Questions

Can you eliminate credit card debt by declaring bankruptcy?

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...

What is the fastest and easiest way to eliminate credit card debt??

Estimated 6000 debt on high interest credit card....

How eliminate credit card debt.?

When a card holder uses a credit card, he is borrowing from the credit company. How he eliminate his credit card debt.

Complete Eliminate Credit Card Debt Questions

credit card balance

 

Credit Card Balance Questions

Does having a high credit balance affect the green card process?

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...

does paying off credit card balance in full hurt or help credit score?

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...

My credit card balance is over 50%. How long will it take my credit score to go back up?

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...

Should I transfer my credit card balance?

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...

How does credit card APR affect you even if you pay off your balance in time?

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 ...

Complete Credit Card Balance Questions