Business Account - reclaiming bank charges

retailer67

I am a struggling retailer with a business account and overdraft, which the bank want repaid. It is not at a legal stage yet. Is it possible to reclaim charges on this account. It has not been used for almost a year. Thanks

HOLISTICS

I think i have make a mistake,i have sent my first letter to natwest asking for reclaim charges for my current and buisness acounts.I have not heard anything from them. It has been over 14 days now and was in the process of sending second letter this week . I have spent the last 3 hours looking for the information i need but can not find it . I dont want to send a second letter and look stupid asking for charges back if i can only claim for the current account can any help me please

etrim

I was wondering if anyone has tried to claim back charges on a business bank account. My husband has his own business (it is just him and me) and is charged for every transaction. He is also charged £100 every year to have the privilege of an overdraft. Any advice would be great. Thanks

etrim

I was wondering if anyone has tried to claim back charges on a business bank account (ours is lloydstsb). My husband has his own business (it is just him and me) and is charged for every transaction. Obviously cash flow is very up and down and any charges makes a difference. He is also charged £100 every year to have the privilege of an overdraft. Any advice would be great. Thanks

inmypocketnottheirs

Yes, any charges for exceeding limit, bounced d/d/cheques etc are unlawful. Follow the same procedure as advised on this board.

Good luck

Diego

Yes you can. Check out the Consumer Action Group site and forums. Loads of help with business accounts.

michellelovell

Hi Guys

I have just settled with Abbey for £5000, just less than the full amount I was claiming on my personal bank account. (Hooray!!!!!!!), but was wondering if I can claim back my charges on my business account,which I know has had quite a few bank charges over the years. I can't see any reason why this should be a problem, but wanted to check before I started the who process. Also, would the process be exactly the same as I am the sole named person on the business account.

bicolormoth

i had a business acount with Nat West. closed about 8 or 9 yrs ago. I had a ltd company (sole trader) which i wound up when i stopped working for myself.
i know i had charges as i have a few statements knocking about.
can i reclaim ? how ?

Moth.

daveashy

Hi,

This weekend I have decided it is time to act and do something, never mind all the what ifs, something! is better than nothing!

I have done a search but either couldn't find the right words or missed it so sorry if this is a post lots of people have done before.

I only have 2 bank accounts, Both with Barclays, 1 personal account and 1 business account.

I am a sole trader and most of my charges are on the business account.

Is it possible to do this claiming charges back procedure on a business account if you are a Sole Trader?

Thanks,

Dave

Roger_Smith_3

I have received a letter from my bank saying as I have a business account I cannot claim as not covered by consumer act, has anybody else heard this?