Reclaim Unfair Bank Charges Discussion Area

Bart

Hi all, I have a prblem with Nat West. I stopped using my account with them as charges were more than I was earning. This was four or five years ago and the account was about £700 overdrawn. Nat West are now wanting to take me to court for aprox £4000, This made up from interest. The bank have not sent me any statements over the years or tried to contact me in any way until now with the threat of court action. I have asked for details of the charges on my account for the last six years since October (this year)
My question is if I claim the charges back this would have left the account in credit can the interest be dropped? Many thanks in advance ;-)

louloujs

Bart - this is curious. My husband and I have a limited company account with Nat West that we stopped using in 1995 for the same reason. Have heard nothing for six years and the interest is not doubt continuing to mount. I wonder if there is a case for time lapsing and the debt not being valid anymore? Hopefully Louloujs...

emmalou_2

Bart

You can claim back the interest if you start a claim against them (some of it anyway)

I really would give it ago - you have nothing to lose, just lots of money to gain, and theres not much better than that!!

Go over to https://www.consumeractiongroup.com and click on bank action group, go to the FAQ and you'll see everything you need to know - good luck!

theres a link at the top of this page for an interest calculator so have a look how much it all comes to!

emmalou_2

louloujs wrote:

Bart - this is curious. My husband and I have a limited company account with Nat West that we stopped using in 1995 for the same reason. Have heard nothing for six years and the interest is not doubt continuing to mount. I wonder if there is a case for time lapsing and the debt not being valid anymore? Hopefully Louloujs...

Debts cant be chased after 7 years... (this may of recently changed to six but im not sure)

They cant do nothing after that and the debt has to be written off

Richiefitz3007

Hi, some one answer me a question. Now i've submitted claim. How will i know if they have submitted defence? Will they write to me or will it say on money claim?
Cheers

hooda

Does anyone think it would be possible to claim back monthly bank charges for a gold service account which has been inactive for the past 2 years?

bojada

They have come back in days but say they need 4 weeks to investigate my claim. What do I do.

michelle,A_2

my bank has taken £4OO pounds from my bank today that was all my husbands wages i did ask the banknot to do this as it will leave me pennyless but no reply and still took the money what do you suggest i do

JohnInDebt

It took me approx 2 months in total to get the money returned (for my OH) including all the necessary letters etc.. (it was exactly 1 month after filing on MCOL when they offered the full amount) :beer:

It's definitely worth doing. :T

Rex_Mundi

Welcome to MSE

I'll answer a few questions in one post here..............

Richiefitz3007 wrote:

Hi, some one answer me a question. Now i've submitted claim. How will i know if they have submitted defence? Will they write to me or will it say on money claim?
Cheers

Just sit tight and wait. The court will let you know if a defence has been submitted.

hooda wrote:

Does anyone think it would be possible to claim back monthly bank charges for a gold service account which has been inactive for the past 2 years?

You can claim back charges on any account you've held in the last 6 years whether the accounts are still running, or closed now.

bojada wrote:

They have come back in days but say they need 4 weeks to investigate my claim. What do I do.

We need much more information. What stage are you at now?

michelle,A wrote:

my bank has taken £4OO pounds from my bank today that was all my husbands wages i did ask the banknot to do this as it will leave me pennyless but no reply and still took the money what do you suggest i do

We need much more information here also. What are the charges for? Why are they taking £400?

If anyone posts a question. The more background information you give us will put us in a better situation to give you the right advice. Please try to help us help you.