Bank charges reclaim case takes new twist

cepheus

According to this, the Banks may not only have to pay out unfair charges but also the investment profits they made out of those charges, called 'restitution'.

http://www.thisismoney.co.uk/savings-and-banking/bank-charges/article.html?in_article_id=487977&in_page_id=507&ct=5

natweststaffmember

cepheus wrote: »

According to this, the Banks may not only have to pay out unfair charges but also the investment profits they made out of those charges, called 'restitution'.

http://www.thisismoney.co.uk/savings-and-banking/bank-charges/article.html?in_article_id=487977&in_page_id=507&ct=5

I think proving that your specific money was invested and was not to specifically pay to other banks what you do not pay for now will be difficult to prove. Banks do not earmark a specific bank charges from Mr A Jones for investment or spending as all the they would do is tally up the amounts taken as a total. To quote the lawyer from the article "pure fantasy"