Bank Charges Latest: date set for banks' appeal

Former_MSE_Guy

This thread is to discuss the following news story:

Bank Charges Latest: date set for banks' appeal

Mar.cresham

So does this mean if the banks lose yet again that payments might start being mead from june to them with claims in?

Also if the banks win what happens to the ones thats had payment? Will they have to be paid back?

Former_MSE_Wendy

Afraid not Mar.cresham. The June date is for the House of Lords hearing, we will then need to wait for its decision to see what the next step will be.

On the paying back question. As mentioned in our News Guide, no one will need to pay back any money they have already received:

Q. Will I have to pay back any money that my bank has already paid to me?
A. No, regardless of any outcome of the test case. All previous settlements will not be affected, as payouts were a gesture of goodwill rather than a legal agreement. You can keep any money you have already been given. You can also start a new claim for any charges that you have received since your last payout, but this will be put on hold, as with all other new claims.

wombat1_2

i recived a letter from my bank early on offering 1/4 of my claim and said if i did not accept or should i say implied i would recive nothing and that this was a final offer, as i needed the money at the time i accepted the offer but also wrote saying whist doing so i dont accept that the offer as being final, as the banks were also at that time considering there appeal, if the banks lose yet again can i then claim the outstanding balance or do i just make a new claim?

bargainhunter90

What happens if the banks do somehow manage to win this, I don't think they will but asking what could happen with all the claims issued against them.

Hoping this all gets sorted soon before I get any grey hairs....

Would they make any claim for costs, or will the claims just be struck out with no order as for costs

natweststaffmember

bargainhunter90 wrote: »

What happens if the banks do somehow manage to win this, I don't think they will but asking what could happen with all the claims issued against them.
The bank wins

Hoping this all gets sorted soon before I get any grey hairs....
Not the only one
Would they make any claim for costs, or will the claims just be struck out with no order as for costs

Unless the claim is more than £5000 then costs cannot be awarded against the claimant and it is unlikely the banks would if they win.

natweststaffmember

wombat1 wrote: »

i recived a letter from my bank early on offering 1/4 of my claim and said if i did not accept or should i say implied i would recive nothing and that this was a final offer, as i needed the money at the time i accepted the offer but also wrote saying whist doing so i dont accept that the offer as being final, as the banks were also at that time considering there appeal, if the banks lose yet again can i then claim the outstanding balance or do i just make a new claim?

You can claim anything outstanding since all offers are not full and final offers on claims.

Iron_Pyrite

Can we claim 8% interest on the amount claimed ( my claim was 18 months agao.. )

esmerellda

yes, 8% PA, and add in any new charges you may have received since your original claim.

adman9373_2

i have a question which has probably been asked many times after the House of Lords has looked at the case and decided that the rules apply then is there anything else left for the banks to do? can the go to any sort of European court is that it? is the House of Lords the last chance for the banks

esmerellda

Yes they COULD take it the the ECJ.