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Co-Op £162 Bank charges for withdrawing from account abroad
Cephalon
Posts: 7 Forumite
I'm an overseas student and last year needed to access funds in my account while studying. My only option was to withdraw using my debit card and over the year incurred about £162 worth of charges.
Is there any way I could perhaps claim this back seeing as though coop is an ethical bank?
Is there any way I could perhaps claim this back seeing as though coop is an ethical bank?
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Comments
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It wasnt your only option. There would have been alternatives. Some of which may have been more expensive, some cheaper.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.0
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Have you tried writing to them to demand the money back?"There may be a legal obligation to obey, but there will be no moral obligation to obey. When it comes to history, it will be the people who broke the law for freedom that will be remembered and honoured." --Rt. Hon. Tony Benn0
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I don't think the OP is an any position to be making any demands here :cool:bitemebankers wrote: »Have you tried writing to them to demand the money back?0 -
I don't think the OP is an any position to be making any demands here :cool:
Do you not? That's fascinating*
(*not really)
Cephalon - go for it. You've got nothing to lose except the price of a postage stamp. The banks are currently on the back foot with regard to rip-off fees and charges so it's certainly worth a shot."There may be a legal obligation to obey, but there will be no moral obligation to obey. When it comes to history, it will be the people who broke the law for freedom that will be remembered and honoured." --Rt. Hon. Tony Benn0 -
The style of wording is key. If you go in there demanidng a refund you are not likely to get it. You are asking for a goodwill refund. Not because they have done anything wrong. So, use a tone that is likely to play better to their goodwill and not put their back up.The banks are currently on the back foot with regard to rip-off fees and charges so it's certainly worth a shot.
No they are not. They effectively won that argument.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.0 -
No they are not. They effectively won that argument.
That'd be why they refunded billions of pounds in charges. And now they're still refunding billions more in mis-sold PPI.
As someone who calls themselves a "financial advisor" I'd have take your input with a pinch of salt. You're part of the problem, not part of the solution.
My advice to the OP would be to make it clear that you're going to pursue this claim as far as possible (even if you're not). Banks are there to make money, by fair means or foul (if they think they can get away with it). Being nice will earn your nothing except possibly their derision. Having successfully reclaimed thousands in banks charges and PPI myself, I suggest you take a firm line with them."There may be a legal obligation to obey, but there will be no moral obligation to obey. When it comes to history, it will be the people who broke the law for freedom that will be remembered and honoured." --Rt. Hon. Tony Benn0 -
That'd be why they refunded billions of pounds in charges.
Not since they won the court case.And now they're still refunding billions more in mis-sold PPI.
PPI is neither a fee or charge.As someone who calls themselves a "financial advisor" I'd have take your input with a pinch of salt. You're part of the problem, not part of the solution.
Just shows how little you know. I actually put poor society standards and lack of education as down as some of the problem and you are indicative of that.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.0 -
You been speaking with Julie Goodyear, bitemebankers?
http://www.youtube.com/watch?v=CMvdXTD3VT4
:rotfl::rotfl::rotfl:0 -
Not sure on what grounds you would ask for them back - they are published in their T&C and whilst not the lowest on the market are roughly in line with the norm for this type of transaction0
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