Man recovers £36,000 from bank!!

woohoo_postingid

http://news.bbc.co.uk/1/hi/business/6559673.stm

That's some going!!!

Gers

No, not me!


http://news.bbc.co.uk/1/hi/business/6559673.stm


Lovely quotes from the bank though... definitely :rotfl:

joolz43

I believe it has been settled out of court, Natwest probably want to avoid a judgment!

My mistake: it was someone else - http://news.bbc.co.uk/1/hi/business/6559673.stm

humanchimp

A businessman from Norfolk has recovered a record £35,987.94 from NatWest after accusing it of charging him unlawful overdraft fees.

Full article: http://news.bbc.co.uk/1/hi/business/6559673.stm

The £500 im reclaiming seems petty in comparison!

b33r

gah, I was just coming on to post this, heh. I wonder if he is a member here, shout up if you are Mr X!

icefall

Me to I was going to post this!

Thought I'd better look first though :rotfl:

racer256

What a great day for all MSE'rs. Proves it can still be done!

x

dmg24

Not sure I agree with this.

I think that the reclaiming bank charges think for personal current accounts is absolutely fantastic, but this man's business has a turnover of over £1m a year, so how does he make a profit? By selling services to consumers at above cost.

Bringing the fight into the area of business charges is opening a whole new can of beans.

~valentine~

This person is a member of the Consumer Action Group message board - you're bound to see it mentioned there!

b33r

dmg24 wrote: »

but this man's business has a turnover of over £1m a year, so how does he make a profit? By selling services to consumers at above cost.

Do you think he should sell to consumers below his costs? I'm sure he would have a thriving business!

EDIT: I've just realised that you could have meant he is selling his goods at an *inflated cost*, if so then how do you know that? It just sais he has a turnover of 1m, we don't know how much profit he makes, judging by the fact he keeps getting bank charges I would say he isn't making that much. Even if he was, so what? That's what business' do! Also 1m turnover for a glass and conservatry company doesn't sound very much. A friends very small country pub with 5 employees turns over 1/2m every year.

Dennis99

dmg24 wrote: »

Not sure I agree with this.

I think that the reclaiming bank charges think for personal current accounts is absolutely fantastic, but this man's business has a turnover of over £1m a year, so how does he make a profit? By selling services to consumers at above cost.

Bringing the fight into the area of business charges is opening a whole new can of beans.

Absolute nonsense!
His customers have the choice whether to buy his products/services at the price he quotes. The bank has just taken the money from him with no choice on his part and at a "price" which has been proven to be exorbitant.