Have I read this correctly

westie666

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

Rex_Mundi

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).

westie666

Thanks Rex,

I'll be more spacific this time.

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

Rgds
W666

Rex_Mundi

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.