We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Reclaiming Agreed overdraft Interest

Hello,
I wonder if someone can help me please?.
I'm considering making a claim to my bank (RBS) however I am unsure exactly what I can claim for and on which grounds.
Can someone tell me if I am able to reclaim interest that was charged monthly on an AGREED overdraft please?

My Overdraft was for £1050 and I found myself using it almost every month(Don't ask!) they charged me about £12 per month for 6 years can I claim this back?

Any advice would be much appreciated thank you :-)

Comments

  • dunstonh
    dunstonh Posts: 118,489 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'm considering making a claim to my bank (RBS) however I am unsure exactly what I can claim for and on which grounds.

    What makes you think you can reclaim anything?
    If you dont know what grounds then how are we to?
    Can someone tell me if I am able to reclaim interest that was charged monthly on an AGREED overdraft please?

    Not normally. No.
    My Overdraft was for £1050 and I found myself using it almost every month(Don't ask!) they charged me about £12 per month for 6 years can I claim this back?

    Thats a bit like going to Tescos for 6 years and at the end asking Tescos to refund your shopping bill.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • JuicyJesus
    JuicyJesus Posts: 3,830 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    They haven't done anything wrong, so no you can't claim this back.
    urs sinserly,
    ~~joosy jeezus~~
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.9K Banking & Borrowing
  • 251.9K Reduce Debt & Boost Income
  • 452.2K Spending & Discounts
  • 240.3K Work, Benefits & Business
  • 616.4K Mortgages, Homes & Bills
  • 175.4K Life & Family
  • 253.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.