bank reserve fees

loonatic

i am with barclays bank and if you go over the overdraft limit you have a reserve amount that they carge you £22 every 5 days would i be able to claim these back?

natweststaffmember

loonatic wrote: »

i am with barclays bank and if you go over the overdraft limit you have a reserve amount that they carge you £22 every 5 days would i be able to claim these back?

Yes, but I would ask Barclays to remove the Reserve from your account.

loonatic

thanks have asked it 2 be removed already but must be about 600 quid in charges so far

oscar52

natweststaffmember wrote: »

Yes, but I would ask Barclays to remove the Reserve from your account.

? is this right? (not that I dispute your knowledge) but as far as i was aware, this is basically a service charge for the "additional" overdraft. You can opt out of it at anytime, and could have done so when it started.

Just curious, as if so, will be the next thing to hit them with!!

natweststaffmember

oscar52 wrote: »

? is this right? (not that I dispute your knowledge) but as far as i was aware, this is basically a service charge for the "additional" overdraft. You can opt out of it at anytime, and could have done so when it started.

Just curious, as if so, will be the next thing to hit them with!!

You can ask them to remove the personal reserve from your account, cos they charge £22 every 5 working days, however, if you get rid of it, it means that they will only charge you £8 for bounced items and not the additional £22 on a personal reserve.
Does that make sense?
Another poster has said that the account would go to collections but £22 against perhaps a payment plan while reclaiming charges, I know what I would choose.

oscar52

natweststaffmember wrote: »

You can ask them to remove the personal reserve from your account, cos they charge £22 every 5 working days, however, if you get rid of it, it means that they will only charge you £8 for bounced items and not the additional £22 on a personal reserve.
Does that make sense?
Another poster has said that the account would go to collections but £22 against perhaps a payment plan while reclaiming charges, I know what I would choose.

Indeed NSM - as I said, I am aware it could be removed, and as you say, £8 for a referred item is better than £22 for the reserve use.

However, as indicated above, I was unaware customers were able to claim the £22 charges back.

natweststaffmember

oscar52 wrote: »

Indeed NSM - as I said, I am aware it could be removed, and as you say, £8 for a referred item is better than £22 for the reserve use.

However, as indicated above, I was unaware customers were able to claim the £22 charges back.

Barclays will say that they are fair and that they are not part of the Waiver on bank charges, which is true, however, they have not been challenged in a court of law so I would suspect that if they were then the claim would automatically be stayed.