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Calculating The Charges

Hi all,

I am just about to send off my claim to the Abbey, this maybe a dumb question but having used Martin's interest calculator do you deduct the £12 recommended fee before inputting the charge value? i.e. you would input a £35 charge as £23?

Comments

  • Vickicb
    Vickicb Posts: 261 Forumite
    No, you claim back the lot.
    Addicted to Facebook :D
  • RichyRich
    RichyRich Posts: 2,091 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The £12 recommended fee is still ludicrously high. It's the OFT's way of appeasing the banks - they know too that it's too high and the OFT has stated that even though it says £12 is the maximum it would still be willing to say that an amount under £12 is too high if it investigated it and it was obvious that there was a profit. So claim it all back :)

    Rich
    #145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
    #060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
    This is the secret message.
  • nickmack
    nickmack Posts: 4,435 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Most banks have been refunding the whole charge, so claim for it all and if they do dispute the amount, deal with that when it happens.
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