benefits and hardship

mykidsbetterthanyours

I think I read here that banks are obliged to repay bankcharges if a customer is in receipt of benefits?

Wywth

mykidsbetterthanyours wrote: »

I think I read here that banks are obliged to repay bankcharges if a customer is in receipt of benefits?

Did you? Where?

You may wish to check on the reliability of the source.
Don't believe everything you read on the interweb.

Paul_01

I think you may well be mistaken.

pooch

As you appear to like reading, I suggest you may wish to read this

The purpose of the Social Security Administration Act 1992 Section 187 and section 45 of the Tax Credits Act 2002 is to prevent people’s benefit money being at risk by it being assigned over to a third party in settlement of a debt. It is not intended to prohibit the application of bank charges. Bank charges are in the nature of an expense, and are incurred by the holder of the account; tax credits and benefits are payable in order to help customers meet their expenses, and as such it is legitimate for banks to deduct charges from the balance of an account held in that bank, whether the money paid into the account comes from tax credits, benefits or other sources, such as earnings.

You can read the complete response originally made just over 5 years ago here:
http://webarchive.nationalarchives.gov.uk/20090120232203/http://www.number10.gov.uk/Page16882

antrobus

See our very own MSE guide to Bank Charges Reclaiming;

Note: this doesn't specifically cover the deduction of bank charges from your benefits under the Social Security Administration Act 1992, this is an urban myth.

http://www.moneysavingexpert.com/reclaim/bank-charges