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Have I read this correctly

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Morning folks....

I have just recieved Martins newsletter stating that Bank charges are unlawful.
Does anyone know if this is a statement or is it now 'against' the law??

Rgds
W666

If you don't ask, you don't find out!

Comments

  • Rex_Mundi
    Rex_Mundi Posts: 6,312 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    westie666 wrote:
    Morning folks....

    I have just recieved Martins newsletter stating that Bank charges are unlawful.
    Does anyone know if this is a statement or is it now 'against' the law??

    Rgds
    W666

    They've been unlawful for years. It is only in the past year or so that people have realised, and started claiming them back. The banks are paying people their charges back rather than go to court to defend them (they know they stand a very good chance of losing in court).
    How many surrealists does it take to change a lightbulb?
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    Fish
  • westie666
    westie666 Posts: 327 Forumite
    Thanks Rex,

    I'll be more spacific this time.

    Is it unlawful or against the law (now) for bank charges?

    Rgds
    W666

    If you don't ask, you don't find out!
  • Rex_Mundi
    Rex_Mundi Posts: 6,312 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    westie666 wrote:
    Is it unlawful or against the law (now) for bank charges?

    Yes. The specific laws are..................

    Unfair Contract Terms in Consumer Contracts Regulations (1999), the Unfair Contract Terms Act 1977 and common law.
    How many surrealists does it take to change a lightbulb?
    ...
    ...
    ...
    ...
    Fish
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