But What If You Have Been Bad With Your Overdraft?

j_ames9999

Hi, I'm new to the forum.

I've just read Martin's article with regard to reclaiming unfair bank charges. Would I be right in saying that........ say you were a bit naughty, and now and again, you went £200 pounds over your overdraft. Could you still claim that these charges for an unauthorised overdraft are unfair? From the article written it seems that legislation backs the view that no matter how far you went over your O/D limit, these charges are still unfair, because any charges banks levy on their customers must be proportional to the actual costs they incur. Have I got this right?



cheers.

nads

Good morning j_ames!,

I'm in the same position as you. Yes your claim is still valid as you are being fined not because the bank had to give out £200 because you did not have it, but because you went over that limit, whatever it may be.

Yet when you go beyond your overdraft limit, or have a cheque or direct debit payment bounce, the bank charges a penalty of £30 to £35 a time. Is a charge of this scale really proportionate? Remember it could simply be a charge for going a penny over the limit.

Importantly, the bank is actually fining you for going over the limit, and this fine is too high, hence under the law of penalties this is ‘extravagant’.

j_ames9999

Great,

I'll type the letter and post it off with £10 now.

guccie

j_ames9999 wrote:

Hi, I'm new to the forum.

I've just read Martin's article with regard to reclaiming unfair bank charges. Would I be right in saying that........ say you were a bit naughty, and now and again, you went £200 pounds over your overdraft. Could you still claim that these charges for an unauthorised overdraft are unfair? From the article written it seems that legislation backs the view that no matter how far you went over your O/D limit, these charges are still unfair, because any charges banks levy on their customers must be proportional to the actual costs they incur. Have I got this right?



cheers.

Yes you can. I have been really bad this year due to illness I was on half pay and went way over several times but I managed to get charges back from Barclays of £500.

j.smith1981

Does it matter if I am a student and I have yes I am well into my overdraft but the bank I am with NatWest charged me £38 and because I am a student and money is extremely tight due to it being very close to the Christmas break it is possible to claim just that back?

I am a little worried about doing all this because I am rather young but I am registered with having a proper arranged over draft just earlier this summer the bigger picture is, the University failed to allow me to realise that the cheque I sent out for my accommodation in halls of residence.

The first installment that is had to go out with the signed contract for agreement of residence in halls, what they failed to tell me is that I had to post date the cheque for another time meaning the money went out of my account and subsiquently it bounced for a fee of £38, I am a little worried about the funds I have now in my account well whats left of my overdraft.

Would I be able to claim this back do you think?

Thanks,
Jeremy.