What charges you can claim

Stephen_Leak

I'd claim it. If the bank wants to show that it is reasonable and lawful, all they have to do is to give you a breakdown of it.

evoix

Krazybabe wrote: »

Just received a letter from LLyods saying that they believe the charges are acceptable and didnt make any offer to pay back my money.

What do i do now? send the next letter template off??

help some1

I repliedc to this Saturday but seems to have been removed!!!

I got the same letter as you and have filled in the next template, lets see what happens and good luck to you. Will let you know how I fair

Kurt_Hamster

confusedsavingexpert wrote: »

Hi... I am new to this and trying to take it all in please confirm this for me before i start... i bank with Lloyds TSB...
O/DRAFT INTEREST - i cannot claim?

Correct.

O/DRAFT USAGE FEE - i can claim? can i claim the interest?

You can only claim for overdraft interest on the penalty charges themselves. Frankly that is such a complicated calculation personally I wouldn't bother.

But no, a fee for using the overdraft is a fee for a service, so no you can't claim it back.

ACCOUNT CHARGE - can i claim? is this the service account charge? if it is i see that you do say no it can't be claimed, it was £8 per month it is now £10 per month.. please confirm?

Again, this is a fee for a service, ie you are paying for the frills that come with certain accounts.

O/DRAFT EXCESS FEE -i can claim? can i claim interest?

If this is a charge for exceeding your overdraft then yes you can claim it.

UNPAID S/O - i can claim? can i claim interest?

Yes you can claim for the charge they make on unpaid standing orders etc.

Please advice.. i'm confused! Thanks.

As for the interest you keep referring to, you can't claim interest until you go to court and then you can ask the court to award the statutory 8% interest.

There are a few people who are attempting to claim contractual interest, ie at the interest rate that the bank charges you for unauthorised borrowing. This is a grey area and is fraught with technicalities. It isn't for the faint hearted or for people who don't want to research the statutes to the nth degree.

ali252

i bank with lloyds just sorting out what they have charged me over 6 year,s and there is a hell of a lot OVER DRAFT USAGE FEE what is this and can i claim it

mrmajika

Overdraft Excess fees have been sucessfully reclaimed. These are the £20 -£30 at time fees for going over your arranged overdraft limit.

Overdraft useage suggests to me that you mean the interest charged for being in the overdraft. That is the 18odd% APR when you use the overdraft.

These cannot be reclaimed.

Jo19_2

Can I claim any charges back from a Royalties account with the Royal Bank of Scotland? As far as I can see, I am being charged a monthly fee and interest at varying amounts, which is around £30 per month.

jj10_2

Jo19 wrote: »

Can I claim any charges back from a Royalties account with the Royal Bank of Scotland? As far as I can see, I am being charged a monthly fee and interest at varying amounts, which is around £30 per month.

you can't claim back your monthly fee. Just the charges

jj10_2

not sure really Jo
Im trying to claim mine. Been told i'll get an offer by 22 June so we will wait and see

Jo19_2

Have you got a Royalties account? Can I claim the interest that I have been charged?

jj10_2

Jo19 wrote: »

Have you got a Royalties account? Can I claim the interest that I have been charged?

yes i have a Royalties. I'm claiming everything I have been charged except my £12 monthly fee for Royalties.