Bank Charges Reclaiming Guide discussion

martincottage

Hi, Can I claim bank charges 1999 back as I wasnt aware that I had any sort of case in the last few years but we had to sell our home then because the bank was taking every penny we had in charges etc. I hope I have filled this in correctly am a first time user. Jill

dunstonh

martincottage wrote: »

Hi, Can I claim bank charges 1999 back as I wasnt aware that I had any sort of case in the last few years but we had to sell our home then because the bank was taking every penny we had in charges etc. I hope I have filled this in correctly am a first time user. Jill

If you are currently in financial hardship (not historic) then you can ask the bank to consider your hardship position in respect of your charges.

However, you do need to be aware that there is nothing wrong with charges and you cant actually claim them back on a whim. You are reliant on the goodwill of the bank and how it views your current hardship position and whether it was self inflicted or genuine hardship (i.e they will frequently refuse people with a consumer lifestyle that went too far but they will consider those who are living on the breadline, not overspending on luxuries).

Also, this tends to apply to current account charges (overdraft for example). Not other charges.

So, put your current hardship case to them and see what happens. They will expect you to provide information about your current budget and they will check your bank statements to see how you spend your money. Let them know of any current arrears or defaults you have. Especially on priority debts like council tax or utilities.

Manchesterlad1981

Hi, I had a bank account with Nationwide which was closed a few years ago, and I am aware that, I incurred some bank charges for going into red. How do I find out the bank account details and roughly the amount I have been charged. I don't have any details of the accounts etc..

Lastly, I also had a credit card with "Capital One", though again I don't have the account details with them either, how can I find this information out? Thanks

Nasqueron

Manchesterlad1981 wrote: »

Hi, I had a bank account with Nationwide which was closed a few years ago, and I am aware that, I incurred some bank charges for going into red. How do I find out the bank account details and roughly the amount I have been charged. I don't have any details of the accounts etc..

Lastly, I also had a credit card with "Capital One", though again I don't have the account details with them either, how can I find this information out? Thanks

Historic charges will not be refunded in 99.9% of cases (probably 100 but there will always be someone who sneaks through) - the banks won the court case on unfair charges and any complaint will simply be referred to the case saying they were fair and suitable.

If you want the old records (if the banks still have any), you can send them an SAR for all the data they still have on you, it will cost £10 and no guarantee they will have anything left if you do not have any dealings with them currently (after 6 years they will delete it in most cases) - it'd be a waste of £10 though as the old charges will not be refunded. The SAR process will be the same for Capital One

scookie

Hi I wanted to know if it was possible to claim for overdraft interest. I am claiming for the fees applied to my account for returned payments which I have lots! We fit into the category of financial hardship. We chose to get rid of the overdraft but consequently we still have returned payments. Can I claim for charges for when I went over into my overdraft or just the fees? Many Thanks

Liv3

I have just received an annual summary of bank changes today for 2014. Can I do anything to reclaim these bank charges back or is this too late now? Thank you in advance.

dunstonh

Liv3 wrote: »

I have just received an annual summary of bank changes today for 2014. Can I do anything to reclaim these bank charges back or is this too late now? Thank you in advance.

On what basis do you think you can reclaim these charges?

DeeGee75

Is there a limit to how far back I can go for bank charges? Part of the reason that I got into financial hardship in the first place was £30 unauthorised OD fees on my Barclays account (as well as trying to live a champagne lifestyle on a tapwater budget)

I stopped using the account in 2007. Only remembered the fullest extent of the charges when I found a wad of old statements while tidying the office - frankly at the time I was in such a mess I wouldn't have cared.

Have I missed the boat? I don't think the debt has been sold on like the Barclaycard one.

dunstonh

Is there a limit to how far back I can go for bank charges?

It is up to the bank how much they decide to refund, if any. Refund is not the only option available to them. Sometimes, they do not refund any but suspend future charges for say 6 months. Typically though most dont go back any further than 12 months. Although it really depends on your current financial hardship.

as well as trying to live a champagne lifestyle on a tapwater budget

That can work against you as it is self inflicted. They do check your spending habits.

I stopped using the account in 2007. Only remembered the fullest extent of the charges when I found a wad of old statements while tidying the office - frankly at the time I was in such a mess I wouldn't have cared.

So, are you in current financial hardship or is this historic?

Have I missed the boat?

In respect of easy refunds, yes. In respect of a possible refund due to hardship then it really depends on your circumstances and reasons for hardship.

KMorling

Sorry if this question has been asked before (I'm new!), but just about to send my letter requesting history of all transactions and I'm not sure who to make my cheque of £10 payable to? I bank with barclays, so is it just Barclays Bank?...sounds a bit stupid now i've written the question out!
Thanks, Kate