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HSBC extortion
ceramic_mechanic
Posts: 3 Newbie
I have been with the HSBC bank since 1995, I have a business account which has never been overdrawn and has no overdraft amount, I also have a current account which has a £400 overdraft limit.
In september I went overdrawn in my current account for the first time in years to the amount of £599 (£199 over my limit) I was overdrawn for a period of 20 days (all in september), in this period 4 other amounts came out of my account £50, £20, £16.14p and £37.12p taking me to £672.79 for each of these amounts I was charged £25
On the 5th November I was charged £100 ,,,,
Can somebody please tell me if this is lawfull I would be very gratefull if you could advise
In september I went overdrawn in my current account for the first time in years to the amount of £599 (£199 over my limit) I was overdrawn for a period of 20 days (all in september), in this period 4 other amounts came out of my account £50, £20, £16.14p and £37.12p taking me to £672.79 for each of these amounts I was charged £25
On the 5th November I was charged £100 ,,,,
Can somebody please tell me if this is lawfull I would be very gratefull if you could advise
0
Comments
-
answer (c)
A part of these charges are lawful as you signed the T&C and (as you were in breach of contract) the bank can recover their losses.
If any part of these charges is a 'penalty' then it is unlawful, and you can claim back that part.0
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