Recover excessive bank charges

BankFodder

Bank penalty charges for exceeding limits or returning direct debits etc are unenforceable at law and you can get them back

Come to The Bank Action Group at https://www.BankActionGroup.com

It is a well established rule of Common Law that contractual penalty charges which exceed the actual losses suffered, in this case, by the banks when a customer exceeds limits or a direct debit or cheque are returned, are invalid and will not be enforced by the Court. A series of judicial decisions going back over 100 years shows this to be true.

More recently The Unfair Terms in Consumer Contracts Regulations 1999 has confirmed that that a disproportionate penalty would be an example of an unfair term and that this would therefore be unenforceable at law.
The Director General of the Office of Fair Trading announced in 2005 that any penalty charge which exceeded actual losses was disproportionate.

Yet despite this, the Banks continue to apply these charges and of course the vast majority of bank customers accept the banks’ authority that these excessive charges are valid and they pay up without a lot of fuss.
It is not possible that the banks do not realise what they are doing

A survey reported this year by the BBC and others concluded that one in five bank customers suffered from these charges in 2005. This is a large proportion of the population. Most of these people have incurred penalty charges because they are in difficulty. Many of these people are vulnerable and already have difficult lives.

The OFT which is empowered to investigate shows signs of being reluctant to do so.

Many people have taken legal action against the banks. The banks almost never go to court. Fearing a formal judgment against them they bluff and threaten but eventually settle before the day of the trial. The Bank Action Group at wwwBankActionGroup.com has been set up to encourage and inform people who have suffered these charges. Many people are challenging the banks, some of whom are beginning legal actions.

The Unlawful Penalty Charge racket is apparently worth £3 billion per year. It is not surprising that the banks are not anxious to give it up.


The Bank Action Group is free. It makes no money and its organisers are not paid.

The Bank Action Group
https://www.BankActionGroup.com

dchurch24

No offence, but I believe you have broken the forum rules about posting links to sites that you are directly involved with.

BankFodder

I hadn't read the forum rules fully. At the top of this page it refers only to a prohibition on posting links "for personal gain". Sorry to all.

However, in mitigation I will say again that The Bank Action Group Forum is not for personal gain. It is free and is funded from the pockets of its organisers.
Many people are now visiting and finding the help and information very useful.

It would be very helpful for anyone who finds The Bank Action Group forum to be useful, to come back here and tell others and to post the link to the forum.
It would also be helpful if people would spread the word on other forums as well.

People are challenging the banks and they are getting their money back. You should all hurry to get your's back before there is none left!

The Bank Action Group

Turning_into_scrooge

I have posted on the bank action forum under a different name about LLoydsTsb. The answers i've had have been more than informtive and extremely hepful. thank you for setting the web page up and informing those of us who had no idea about these bank charges being illegal penalty charges :T .

https://www.bankactiongroup.com
https://www.bankchargeshell.co.uk

dchurch24

Not a problem - Personally I think the bankactiongroup site is fantastic; but then I would say that ;-)