What charges? (merged threads)

pol76

Hello all
I won against MBNA so i have started on Monument looking through my statements and i noticed that when i was in credit (but funds in just before holiday) they charged me cash interest and took money off me for being in credit this them
so how can i claim it back and at what rate?

16/12/04
£193.18CR cash interest at 1.999% £3.17 taken from account =£190.01

16/07/05
£30.00CR cash interest at 1.999% 2p taken from account = £29.98

16/12/05
£51.73CR cash interest at 1.999% £4.57 taken from account = £47.16

I was thinking along the lines of the amount taken x the amount of days they have had the money to date without interest?
Any advice would be great i cannot work this out on my own (a bit dense with maths) it look's like alot of money to me but i'm not sure of the way to claim

Cheers in advance
pol76

EvilEdna_2

Hi pol!

I think you probably could claim this back, yes. I'm by no means an expert but I'm a member of the consumeractiongroup.com - they're all really helpful and EVERYONE there is claiming or has claimed back charges. I've won over £7000 back from the banks through using their methods and getting help from them. Well worth a vist
http://www.consumeractiongroup.com

chibo82

could it be residue interest? did u pay the full balance 2 months prior to this statement

Edinburghlass_2

bunglenzippy wrote:

I was overdrawn nearly £2k on a £2k limit but repaid it in full on 3rd Jan 2007. I see today that I have been charged a full month's interest at about £21. Can I reclaim?

No, you can't claim the interest.

Edinburghlass_2

pol76 wrote:

Hello all
I won against MBNA so i have started on Monument looking through my statements and i noticed that when i was in credit (but funds in just before holiday) they charged me cash interest and took money off me for being in credit this them
so how can i claim it back and at what rate?

16/12/04
£193.18CR cash interest at 1.999% £3.17 taken from account =£190.01

16/07/05
£30.00CR cash interest at 1.999% 2p taken from account = £29.98

16/12/05
£51.73CR cash interest at 1.999% £4.57 taken from account = £47.16

I was thinking along the lines of the amount taken x the amount of days they have had the money to date without interest?
Any advice would be great i cannot work this out on my own (a bit dense with maths) it look's like alot of money to me but i'm not sure of the way to claim

Cheers in advance
pol76

As regards the above I've no idea from what you are saying regards credit and interest so phone them up and ask to make sure.

sidblock

I have an account charge which I pay each month of £10.00. I have been overdrawn and been charged O/Draft interest each month of various ammounts, can I claim these back. My Bank is Lloyds TSB.

ryannorfolk

Hi All,
I've had my charges back form the co-op with £1586.50 fees I'm going after. There's £1242 of commission, can I go after this as well? Could someone tell me what the commission is.
Thanks in advance, Ry

Edinburghlass_2

ryannorfolk wrote:

Hi All,
I've had my charges back form the co-op with £1586.50 fees I'm going after. There's £1242 of commission, can I go after this as well? Could someone tell me what the commission is.
Thanks in advance, Ry

Phone your bank and ask them what they mean by commission, different banks have different terms so its best to check.

Edinburghlass_2

sidblock wrote:

I have an account charge which I pay each month of £10.00. I have been overdrawn and been charged O/Draft interest each month of various ammounts, can I claim these back. My Bank is Lloyds TSB.

If the monthly account charge is a charge for having that particular account you can't claim that back, phone your bank and ask them if you are unsure.

You can't claim back the normal interest you pay for going overdrawn.

See this post...

http://forums.moneysavingexpert.com/showpost.html?p=3641436&postcount=4

ryannorfolk

Hi Edinburghlass, thanks for that. I've just phoned the bank and they don't know what the different commission amounts are for lol. They want another £5 (and 40 days) to send me the breakdown. I used your template letter and pointed out I'd asked for 'a fully comprehensive list' and the 40 days started from when I sent the original letter. She apologised and said she'd get it in the post ASAP. Thanks again for all your help.