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TSB Overdraft charges

Hi - I have an account with TSB and I am £1,500 overdrawn. I pay in £50 a month and £25 of that goes on fees - so effectively I am only reducing the overdraft by £25 a month and it is taking me years to clear it. I have had the account since I was a student over 11 years ago now.


Am I entitled to claim back the fees at all please? Any help would be great
Thanks - Vicky

Comments

  • john1002
    john1002 Posts: 985 Forumite
    Part of the Furniture 500 Posts
    In a word No, the overdraft charges are clearly shown in the letter agreeing the facility and update that they have sent over differing terms especially as you have had the account some time, best bet is to try and pay more towards it or try and secure a money transfer 0% credit card and pay it back.

    John
  • TheShape
    TheShape Posts: 1,914 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    vickyaber wrote: »
    Hi - I have an account with TSB and I am £1,500 overdrawn. I pay in £50 a month and £25 of that goes on fees - so effectively I am only reducing the overdraft by £25 a month and it is taking me years to clear it. I have had the account since I was a student over 11 years ago now.


    Am I entitled to claim back the fees at all please? Any help would be great
    Thanks - Vicky

    Why are you only paying £50 into the account, is that all you can afford?

    Do you have another account? Any savings?
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