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Is bank interest on overdrafts included - Can I reclaim those charges?

Hi,

I'm sure this has already been answered somewhere...but there are so many threads it would take hours!!!

Simply put, I have not only got bank charges for returned Direct Debits etc... but I have a lot of £20 interest charges each month for simply being in my overdraft.

Can these be claimed back too? I have had to take a job which pays me a lot less and it would really help if I could get these charges refunded and get myself back into credit!

Thanks in advance for responses.

Comments

  • Hi, sorry but O/D interest won't be refunded... if you use the O/D, you must expect to pay for borrowing the bank's money.
    I am employed as a manager in a financial services institution. My views are entirely my own.
  • BrozL wrote: »
    Hi,

    I'm sure this has already been answered somewhere...but there are so many threads it would take hours!!!

    Simply put, I have not only got bank charges for returned Direct Debits etc... but I have a lot of £20 interest charges each month for simply being in my overdraft.

    Can these be claimed back too? I have had to take a job which pays me a lot less and it would really help if I could get these charges refunded and get myself back into credit!

    Thanks in advance for responses.


    http://www.moneysavingexpert.com/reclaim/bank-charges
    Scroll right down the the questions in 'Step 2'
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