Reclaim Unfair Bank Charges Discussion Area

Edinburghlass_2

fraught wrote:

Hi
Have just signed up to site so am a money saving virgin!

Hubby and I are thinking of claiming bank charges back but I'm concerned with what I've read. We've run a £10k overdraft with Nat West for years and the total bank charges will be considerable. I think we've kept them in business! But if they pull the plug on it we will be stuffed as we couldn't possibly repay it immediately.

Any advice?

All banks can and some do close accounts/withdraw overdrafts but if you make a claim it could go some way towards paying some of your overdraft.

Probably worth spending the £10 for the info required and then work out what your claim would be. Read up the experiences from NatWest customers.

Step-by-step Guides: Bank Charges: Reclaim Your Cash | Top New Bank Account Calculator: Charge them interest Template Letters: (right click and save) Ask for charge details |Initial letter | Second letter | Small claims note Get Updates On Important Changes: Free Weekly Money Tip

Edinburghlass_2

Jackswan wrote:

On the calculator it asks when was the charge, if it is over a period of time
say five years, do you insert the start date of the amount claimed period ?

You enter the charges individually with the date the charge was taken that way the calculator works out that the interest claimable will be more on a charge taken in 2004 than a charge on 2006, if you see what I mean!

Jackswan_2

Edinburghlass wrote:

You enter the charges individually with the date the charge was taken that way the calculator works out that the interest claimable will be more on a charge taken in 2004 than a charge on 2006, if you see what I mean!

If I understand what you mean, do we claim say for 2001,2002 etc., by
adding up the annual charges and then using the calculator which will give me the interest for each individual year.

Rex_Mundi

Jackswan wrote:

If I understand what you mean, do we claim say for 2001,2002 etc., by
adding up the annual charges and then using the calculator which will give me the interest for each individual year.

No. You enter each charge individually, the date, and the amount. Put all your charges in, then when you finish, print out the result (make a few copies)

rizla01

Hi question.

Just to save me trawling through loads of posts could someone tell me this.

1) Is it illegal for the bank to charge you fees (for whatever reason) or do they refund as a goodwill gesture.

2) How possible would it be for my partner to get statements from the past 10 years or so, in order to tote up what she is owed? Are the banks obliged to provide this info?

Thanks.

Edinburghlass_2

Step-by-step Guides: Bank Charges: Reclaim Your Cash | Top New Bank Account Calculator: Charge them interest Template Letters: (right click and save) Ask for charge details |Initial letter | Second letter | Small claims note Get Updates On Important Changes: Free Weekly Money Tip

nickmack

rizla01 wrote:

1) Is it illegal for the bank to charge you fees (for whatever reason) or do they refund as a goodwill gesture.

It's unlawful for them to charge anything over their actual costs. These are considered profit making penalties.

2) How possible would it be for my partner to get statements from the past 10 years or so, in order to tote up what she is owed? Are the banks obliged to provide this info?

They are supposed to hold records for a certain period, so they may not actually have any information going back further.

Again, the statute of limitation should mean claims can only be made for 6 years, however people have claimed for longer periods.

steviebee_2

Hi, im new to this so bare with me!!. I have 2 bank accounts with RBS which I havent used for 6 or more years, I spoke someone from RBS and the said they are still active but I would have to ask my local branch if they would let me use them again. Ive paid rakes in charges oVer the years but have I left it too long to claim? Any help would be much appreciated.

crysta1010

Hi
Sent out my 1st letter requesting payment from natwest on 17th January giving them 14 days. Received a letter on saturday to say they are considering my claim and will respond soon. Today is the 14th day, so should I send the 2nd letter threatening court.
Also do I enter my local courts address in the letter

Help much appreciated.

dips1105

Hiya,

I have had a rather swift response from Halifax (1st letter only sent on Monday) saying 'they will not refund any charges' and the letter is a tad rude?

Has anyone else had this prob? I sent it to local branch.