Reclaiming interest charges

1 Post
Hi,
I have a few questions about banks charges and if they can be reclaimed.
First, I have just been into the bank to clarify what the #6 charge I pay for each month was for. It was for being in my agreed overdraft. Is this a charge that can be reclaimed?
Secondly, when I was in there, she also told be I was being charged interest each month on top of this #6 charge. This was on average #15 a month! Since I have had my account, this is almost #2500! On my statement, this looks like a transaction, rather than interest which I find a little sly!
Can any of this be claimed back?
I have a few questions about banks charges and if they can be reclaimed.
First, I have just been into the bank to clarify what the #6 charge I pay for each month was for. It was for being in my agreed overdraft. Is this a charge that can be reclaimed?
Secondly, when I was in there, she also told be I was being charged interest each month on top of this #6 charge. This was on average #15 a month! Since I have had my account, this is almost #2500! On my statement, this looks like a transaction, rather than interest which I find a little sly!
Can any of this be claimed back?
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Replies
You really dont expect to get it all for free surely ?
and we will never, ever return.
no.
An interest deduction would be a transaction.
Whilst it is common knowledge to virtually everyone, it appears to have missed you that you pay interest on money you borrow.
no