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Business Account - reclaiming bank charges

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  • natweststaffmember
    natweststaffmember Posts: 12,063 Forumite
    Yes, you can claim unpaid item charges for returning cheques and unauthorised borrowing if they have charged you for that.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
  • techspec
    techspec Posts: 4,464 Forumite
    I thought the business claims had ended, as they lost in the test case, and the OFT decided not to appeal?
  • borgbaiter
    borgbaiter Posts: 600 Forumite
    hi

    business accounts are not covered by the UTCCR and the test case decided that charges are not unfair penalties for banks "current" T&C. If the test case decides Historic T&C are penaalties a claim will be possible.

    all the above assumes T&C are/were similar for business accounts and person current accounts

    I dont know if the FOS are still taking complaints regarding business accounts,if they are the waiver should not apply as business accounts are not part of the test case.


    Borgbaiter
    claimed/settled - Natwest £2,535/£2,535, HSBC visa £80/£80, MBNA £1,258/£1,258, capital one £282/£282, tesco visa £515/£515, HSBC visa £140/£140. HSBC £1,450 MCOL Stayed for OFT case. Chelsea Mortgage charges & cashback £5000/£672. complaints with banks pending OFT Halifax £30, A&L £35. TOTALS £11,325/£5482
  • taylor122
    taylor122 Posts: 1 Newbie
    My partner had a business account with Nat west. We have written to them to claim bank the unfair charges. They have written back and offered £880 in full and final settlement. The total claimed is around £7,000. Any thoughts on whether to accept the offer or push it further?
  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    Push further for sure
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
  • Kolinkat
    Kolinkat Posts: 2 Newbie
    :mad: I have a business bank account with Lloyds TSB because my boyfriend and I are joint partners in a pub. I have completed the Bank Charges Reclaiming forms and sent them off. The reply from them states that businesses are not covered by the rulings. We've been charged £35 for every returned cheque/direct debit and their costs are the same as a personal account (simple letter of advice to us) so why can't we reclaim, please?
  • shooter
    shooter Posts: 153 Forumite
    Hi below are some very interesting thread for you to read that will help you

    Buisness account reclaiming
    http://forums.moneysavingexpert.com/... t+reclaiming

    http://www.consumeractiongroup.co.uk/forum/business-claims-bank-charges/

    hope these are of help to you
    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
  • Kolinkat
    Kolinkat Posts: 2 Newbie
    :cool: Thanks Shooter for the links about reclaiming for my business. Didn't realise it was so complicated! So many people have done such a lot of work delving into the laws. I take my hat off to them! :beer:
  • hantomeg
    hantomeg Posts: 2 Newbie
    can someone tel me if I am entitled to claim business banking charges that ended up crippling my business? The charges being for overdraft and also a cash handling charge to deposit cash in the bank.
  • shooter
    shooter Posts: 153 Forumite
    yes you can have a read of the other threads on here and then post any questions you may have

    please remember that buisness claims are not covered but the test case and can still go ahead but I believe (may be wrong) that the wording is different as you wouldn't be claiming using UTTCR

    Good luck
    :rotfl: Surely life can't get any worse it has to only get better from hear on out :j
    January NSD aim 15days
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