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What charges you can claim
Options
Edinburghlass_2
Posts: 32,680 Forumite
CAN BE CLAIMED
Account misuse fee
Cheque return fee
Card misuse fee
Unarranged borrowing fee
Unauthorised overdraft fee
Unpaid DD fee
Unpaid cheque fee
Unpaid standing order fee
Exceeding Authorised Overdraft Limit
Exceeding Unauthorised Overdraft Limit
Direct Debit/Standing Order/Cheque returned fee
Irregular fee
Paid refferal fee
Total charges (HSBC personal accounts only, not business accounts)
Credit Card/Store Cards/Catalogues
Late payment fee
Over limit fee
CANNOT BE CLAIMED
Cash Machine Withdrawal Fees (ATMs)
Account Service Charges
Service Fee / Annual Fee
Charges related to foreign currency transactions and conversions.
Monthly account fees on certain type of accounts (such as RBS Royalties)
Normal overdraft interest charges<!-- / message --><!-- sig -->
Contractual interest
This is what you see on your bank statements charged by the bank when you go overdrawn. It appears on your statement as 'INTEREST', or 'INT'.
There are normally two different interest rates charged. A lower rate is charged when you are overdrawn, but still within your agreed overdraft limit. Under no circumstances can this interest be reclaimed. There is a higher rate of interest (up to 29.9%) charged when you go over your overdraft limit (unauthorised overdraft). This is a bit trickier to deal with. You cannot claim any of this interest if your spending has caused you to go over your overdraft limit, but you can claim this interest on any bank charges that have caused this. The problem with this is working out the interest only on the charges. It can be difficult to get right, and you have to be very accurate with your figures in case the bank at any stage challenges them. Generally, most people don't claim this interest.
Account misuse fee
Cheque return fee
Card misuse fee
Unarranged borrowing fee
Unauthorised overdraft fee
Unpaid DD fee
Unpaid cheque fee
Unpaid standing order fee
Exceeding Authorised Overdraft Limit
Exceeding Unauthorised Overdraft Limit
Direct Debit/Standing Order/Cheque returned fee
Irregular fee
Paid refferal fee
Total charges (HSBC personal accounts only, not business accounts)
Credit Card/Store Cards/Catalogues
Late payment fee
Over limit fee
CANNOT BE CLAIMED
Cash Machine Withdrawal Fees (ATMs)
Account Service Charges
Service Fee / Annual Fee
Charges related to foreign currency transactions and conversions.
Monthly account fees on certain type of accounts (such as RBS Royalties)
Normal overdraft interest charges<!-- / message --><!-- sig -->
Contractual interest
This is what you see on your bank statements charged by the bank when you go overdrawn. It appears on your statement as 'INTEREST', or 'INT'.
There are normally two different interest rates charged. A lower rate is charged when you are overdrawn, but still within your agreed overdraft limit. Under no circumstances can this interest be reclaimed. There is a higher rate of interest (up to 29.9%) charged when you go over your overdraft limit (unauthorised overdraft). This is a bit trickier to deal with. You cannot claim any of this interest if your spending has caused you to go over your overdraft limit, but you can claim this interest on any bank charges that have caused this. The problem with this is working out the interest only on the charges. It can be difficult to get right, and you have to be very accurate with your figures in case the bank at any stage challenges them. Generally, most people don't claim this interest.
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Comments
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The previous thread has become corrupt which means I can't access the last couple of posts so I've copied my OP to this new thread and I'll close the other thread meantime.0
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Hi all
This is my first visit and wondered could anyone tell me if we will be entitled to claim back our banks charges that we have incurred for drawing money out of our local ATM (we live in France). The bank has charged us for currency change and also another charge which we dont really understand. Over the years we have paid the bank an horrendous amount of money!
Many thanks!0 -
You can't claim back ATM charges in UK or abroad and the other charge is probably for using the ATM. You would be better opening an account with a French bank and transferring money into it on a monthly basis for daily use then you shouldn't have to pay ATM charges.0
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Hi there, I have checked the original post and cannot find this, Alliance & Leicester have charged £25 for 'Payment Review Fee-Item Paid', and £34 for 'Payment Review Fee - DD Returned'.
What are these charges & can I claim them back? Is it the same as the unpaid DD fee?0 -
Can I claim back overdraft interest debited from my interest paying current account for the past six years?0
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you cant claim back interest, as in theory you would be having a free overdraft facility. --> that would be like taking out a loan, and not paying interest...
and the interest charges arent really unfair depending on the overdraft limit you have on your account. normally when a branch mis-advises you, you would need to go back to the branch and discuss that with them...
hope that helps.
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Over the last five years (im based in scotland) i have had several late fees put onto my mortgage account because the monthly mortgage payment has been even a few days late.
Do these count as "bank charges" that i can claim back??
The mortgage account is with the abbey
thanks for any help.0 -
Hiya, I was just wondering if any one could help me with this point, I have recently applied to my bank for details of charges and they have supplied me with the details requested. However since receiving these I have further accured another 4 charges, can I request another list of details which would include the 4 recent charges made or do they have the right to say they have already covered my request. Any help would be greately appreciated.0
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hi netty s/land, i think the point of asking for a rundown of your past charges is only for your records so you know how much your gonna try and claim from them. So in thoery all you need to do is manually add on the new 4 charges, bearing in mind that you may only be able to claim 5 years FROM the date you submit your actual claim. i think this forum is a bit slow in response time. Being a member of other forums normally gets a reply within the hour. So if anyone can look at my post above and help me out, it would be appreciated. i.e are late morgtage charges counted in these claims???0
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MANY THANX VIDMAN FOR YOUR ADVICE:beer: . HOWEVER I THOUGHT IT WAS 6 YEARS YOU COULD GO BACK OR IS IT ONLY 5 FOR BANK CHARGES, HAVING ALREADY GOT 2 CLAIMING RESULTS ON CREDIT CARDS? ANYWAY LOOKING BACK OVER THE STATEMENTS MY 1ST CHARGE WAS IN NOV 04 SO I PRESUME THAT MEANS THAT MY LATEST CHARGES COULD BE INCLUDED ANYWAY!!
SUCESSES: MBNA: £1.558.73 REFUNDED:j
CAPITAL ONE: £814.00 REFUNDED:j
FREE BENEFIT LIPSTICK WORTH £13 (GLAMOUR MAG)
FREE BBC OLIVE MAG WORTH £3.500
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