Is that FISH i smell?

shannondor1

I have a claim in against Yorkshire Bank for bank charges of +/- £10,000. I am in the process of making a claim for interest (used the calculator on this site) of almost £5000.

Reading this site this morning i noted that part of the criteria for claiming financial hardship is that you have to have been in an unauthorised overdraft position of £500.00 during the previous 12 months.

6 or 7 years ago Yorkshire Bank cancelled the overdraft,(£600.00), on our joint account because we were constantly going over the agreed limit.

10 weeks ago we applied, through the Financial Ombudsman for a financial hardship payment.

4 weeks ago i had a telephone call from the bank manager, (never had one of those before) to discuss our current overdraft. The outcome of the call was that he gave me an overdraft of £1000.00.

2 weeks later i was again contacted by a member of staff at the bank because we had gone over the £1000.00. Amazingly the limit was lifted to £1500.00.

When the original overdraft was cancelled by the bank both my wife and i were working. We were strugling back to solvency after i had been on the sick for thirteen months.

I was made redundant on 18 December 2008, a fact well known to Yorkshire Bank.

Question; if they can take away our overdraft when we have monies coming into the account, why would they give us an overdraft when our income has been reduced by 50%?

I'm sure i can smell fish.

natweststaffmember

shannondor1 wrote: »

I have a claim in against Yorkshire Bank for bank charges of +/- £10,000. I am in the process of making a claim for interest (used the calculator on this site) of almost £5000.

Reading this site this morning i noted that part of the criteria for claiming financial hardship is that you have to have been in an unauthorised overdraft position of £500.00 during the previous 12 months.
If you have had charges of £500.00 it COULD indicate financial hardship not that it is financial hardship.
6 or 7 years ago Yorkshire Bank cancelled the overdraft,(£600.00), on our joint account because we were constantly going over the agreed limit.

10 weeks ago we applied, through the Financial Ombudsman for a financial hardship payment.

4 weeks ago i had a telephone call from the bank manager, (never had one of those before) to discuss our current overdraft. The outcome of the call was that he gave me an overdraft of £1000.00.

2 weeks later i was again contacted by a member of staff at the bank because we had gone over the £1000.00. Amazingly the limit was lifted to £1500.00.

When the original overdraft was cancelled by the bank both my wife and i were working. We were strugling back to solvency after i had been on the sick for thirteen months.

I was made redundant on 18 December 2008, a fact well known to Yorkshire Bank.

Question; if they can take away our overdraft when we have monies coming into the account, why would they give us an overdraft when our income has been reduced by 50%?

I'm sure i can smell fish.

By increasing the overdraft they have surprisingly done all they have to under financial hardship since it does not mean that even 1p of the bank charges have to be refunded.
I think the FOS will say no on the basis of an increased overdraft.