Business Account - reclaiming bank charges

BUSINESSATLARGE

Can bank charges be claimed back on business accounts as well as personal accounts? Charges for going overdrawn beyond overdraft?

Edinburghlass_2

Basically yes.

gareth_david

Rex_Mundi wrote:

Definately worth a visit to the consumeractiongroup website. You can claim charges back from a business account, but the procedure is different. They have specific advice for business accounts on the other site.

Hi, sorry if this is in wrong place, i am new to this and am looking for some advice.

If the business account is closed, can I still claim charges?

I no longer have the account number, if I ask the bank (Natwest) for the account number, do they have to provide it for me?

It was a limited company, if I did win a repayment of fees, who would the payment be made out to?

Hope this all makes sense, and hope some one can advise

Edinburghlass_2

Rex_Mundi wrote:

Only the Ltd company can claim for the charges back. If the company isn't in business anymore, you can't claim back any charges on the companies bank accounts.

This seems to cover your question?

mcbain

Hi - I`m self employed - had a business account with the Nat west until a year ago. Incurred a lot of charges in the last couple of years of trading.

Can I claim these charges back? The business it relates to I no longer run & have closed down but I remain self employed.

It was not a Ltd company.

Sorry if this is a repeated question but I`d love an answer. Hope someone has the gen for me.

chris_delboy

I have sent off my claim to Lloyds TSB for my personal account, but I was wondering can I claim for my old business account that I use to have with them.

Thanks

Chris

TIPPY

hi, i claimed my money back from my barclays business account if that helps. i asked for £1160 and i accepted £750 .... i needed the money!!! barclays were a bit funny at first and offered me £450 but i rang them up and they put the money in my account within a week. they didnt close my account but i moved anyway. i should think as long as its within the 6 year time frame you should have no problems.

TIPPY

hi, yes you can claim your charges back from business acounts. i had £1160 worth of charges on my barclays business account and they paid me £750. it took about 3 weeks all told but after i accepted the money they paid it into my account within a week. i have now switched banks!!! lol

TIPPY

TIPPY wrote:

hi, yes you can claim your charges back from business acounts. i had £1160 worth of charges on my barclays business account and they paid me £750. it took about 3 weeks all told but after i accepted the money they paid it into my account within a week. i have now switched banks!!! lol

forgot to say that i am a sole trader and not a ltd company.

scotbuilder

Hi
I have an arranged overdraft facility of several hundred thousand pounds and turnover of £1m+. I am charged over £1K per year in service charges and charged £3K in renewal fees and other verbally agreed and signed for charges every year. On top of that I am charged a persentage over base on monies used on the overdraft facility. The renewal fee is annual, at the banks insistance, but is only a fee as the bank always renews and seldom change anything about the facility. There is a bond and floating charge attached to the account - and secured collateral. I have not yet heard of a successful refund for agreed charges (not default) on business account holders.

Has anyone?

RBS Business User - Limited Company - Scotland