TSB Overdraft charges

vickyaber

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

john1002

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

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?