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Bank Charges - Do they punish you?

YoungAngus
YoungAngus Posts: 7 Forumite
in Reclaim bank & credit card charges
Hi All,

I'm really tempted to get the ball rolling on this. However, I'm slightly concerned how my bank will treat me when I submit my complaint.

Does anyone know if there are any consequences to doing this, i.e raising my interest rates, charging more for going over my overdraft limit etc....?


Regards

Comments

  • LeeSouthEast
    LeeSouthEast Posts: 3,822 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    I have seen accounts closed after reclaiming on here. Be prepared for the possibility. :)
    Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
    Do something amazing. GIVE BLOOD.
  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    LeeSouthEast wrote: »
    I have seen accounts closed after reclaiming on here. Be prepared for the possibility. :)
    They cannot close your account because you have reclaimed post July 2007 since the FSA Waiver on Bank Charges is clear on this topic. If they do then the FOS might consider that retaliatory and therefore the bank would have to pay compensation.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • LeeSouthEast
    LeeSouthEast Posts: 3,822 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    I'm sure they can find plenty of other reasons. ;)

    It's just the way I am - suspicious mind.
    Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
    Do something amazing. GIVE BLOOD.
  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    LeeSouthEast wrote: »
    I'm sure they can find plenty of other reasons. ;)

    It's just the way I am - suspicious mind.
    If they do close the account I will take them apart cos I am a bit like a rotweiller when it comes to breaches of the FSA Waiver on bank charges. Thankfully my looks are better(I hope :o )
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
This discussion has been closed.
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