Reclaim Unfair Bank Charges Discussion Area

jono_1uk

Hi Guys new to this site....

i have been charged £50 for going £400 over my agreed over draft limit .

this has happened a few times but i dont tend to keep my statements.
am i right in trying to claim these charges back ?

Edinburghlass_2

jono_1uk wrote:

Hi Guys new to this site....

i have been charged £50 for going £400 over my agreed over draft limit .

this has happened a few times but i dont tend to keep my statements.
am i right in trying to claim these charges back ?

First step, read Martin's article and then read it again and follows the steps starting by getting all the info/statements you need


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

justustwo19 wrote:

What i need to know is, They want the full amount @£500+ to be paid to them any day now, otherwise they have stated they will take debt recovery action(i wont say which day cause im sure they would monitor this site and I dont want to give them any upperhand) .
Should i pay this and then take the action by which time the account would be closed or refuse to pay the £500 and send for my statements telling them that i dispute the monies i owe them(would certainly be several hundred pounds and possibly enough to clear the whole overdraft).
It has now become a principle to me and i totally willing to go the distance with it but just need the best way to proceed any suggestions kindly recieved thanks

If you can I would pay the amount they ask and then start reclaiming your charges. Read Martin's article and start the process, nothing to stop you asking for the info/statements you require now as this can take up to 40 days.

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

phy1mlm

Just had a thought about the £10 you have to pay to get your statments under the data protection act. If you did a 'subject access request' instead would this mean that you don't have to pay the £10?

Rex_Mundi

The request you are making under the Data Protection Act is a 'Subject Access Request'

jono_1uk

thanks for the reply and yes i will do that BUT i could do with knowing if £50 is the "acceptable " charge for going over agreed limit by £400 and i should only kick up a fuss if the charge was say £100.
are we saying here that NO charge should be levied for this ?

Rex_Mundi

jono_1uk wrote:

thanks for the reply and yes i will do that BUT i could do with knowing if £50 is the "acceptable " charge for going over agreed limit by £400 and i should only kick up a fuss if the charge was say £100.
are we saying here that NO charge should be levied for this ?

The bank is only allowed to charge you what it cost them and not a penny more. Even though you went over by £400, a £50 charge for this doesn't seem a reasonable amount. If all they have done is notified you with a couple of letters, the cost to the bank would have probably been much less than £5 in reality.

lillibeth_2

Does anyone know if I can reclaim charges on more than one account at the same time and also whether I can reclaim charges on an account which I have recently closed (because the charges were getting silly!)? Many thanks!

Edinburghlass_2

Yes and yes....

Rex_Mundi

lillibeth wrote:

Does anyone know if I can reclaim charges on more than one account at the same time and also whether I can reclaim charges on an account which I have recently closed (because the charges were getting silly!)? Many thanks!

Yes, you can claim off a closed account. For the other accounts, when you ask for your info, include all the account numbers you have with the same bank in one letter along with one £10 fee. If you claim for these, just put all the account numbers in the same letter, along with the joint total.