Can I recover bank fees for going into overdraft?

ConfusedLandlord09

Hi there, I've just discovered that I have been getting charged £25 each time I make a transaction on my account when my account is overdrawn.

£125 this month, and looks like it has been at similar levels for a while now without me realising (yes I am useless).

Is it possible to get some of these charges back? They seem to be excessive and I definately cant afford them.

Thanks!

stu1975

yes you can claim these back along with any other "cleared transaction fee" etc etc

KELVIN123

I took Halifax to court and won £4070 + interest. Hit them for the lot is my advise.

ConfusedLandlord09

Thanks for this. Can someone point me to a link that describes how to go about doing this?

Why are you able to do this?

Thanks again.

natweststaffmember

ConfusedLandlord09 wrote: »

Thanks for this. Can someone point me to a link that describes how to go about doing this?

Thanks again.

http://www.moneysavingexpert.com/reclaim/bank-charges
The above is the guide to reclaiming bank charges

jos004

KELVIN123 wrote: »

I took Halifax to court and won £4070 + interest. Hit them for the lot is my advise.

How long did the whole process take?

ConfusedLandlord09

natweststaffmember wrote: »

http://www.moneysavingexpert.com/reclaim/bank-charges
The above is the guide to reclaiming bank charges

Thanks for this, but it says that if you're not in financial hardship, then the banks wont pay out until the 'test case' is decided.... which could be years right?

natweststaffmember

ConfusedLandlord09 wrote: »

Thanks for this, but it says that if you're not in financial hardship, then the banks wont pay out until the 'test case' is decided.... which could be years right?

You never mentioned financial hardship so I got you the link for reclaiming bank charges(standard one).

ConfusedLandlord09

natweststaffmember wrote: »

You never mentioned financial hardship so I got you the link for reclaiming bank charges(standard one).

Yes... which is the correct link.. but the link says that unless you are in financial hardship (which I'm not - well have no assets and no debts at least), the banks wont pay out...

Is this correct?

So if I lodge a claim for bank fees, and given that I am not classed as being in financial hardship, the banks wont actually pay me back my fees?

natweststaffmember

ConfusedLandlord09 wrote: »

Yes... which is the correct link.. but the link says that unless you are in financial hardship (which I'm not - well have no assets and no debts at least), the banks wont pay out...

Is this correct?

So if I lodge a claim for bank fees, and given that I am not classed as being in financial hardship, the banks wont actually pay me back my fees?

Even if you are in financial hardship the bank does not have to pay back even 1p of the charges until the conclusion of the OFT test case issues which are currently ongoing.

ConfusedLandlord09

natweststaffmember wrote: »

Even if you are in financial hardship the bank does not have to pay back even 1p of the charges until the conclusion of the OFT test case issues which are currently ongoing.

so its best to wait for the outcome of the test case then? seems a lot of effort to go to if the test case loses...