We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Bank charges

Comments
-
I was just wondering if it was worth contacting my bank in re to claiming back bank charges,
No. The banks won the supreme court case over a decade ago. That put an end to bank charge reclaiming. Today, only CURRENT financial hardship cases are considered.
Where you on current financial hardship, they look at your current spending habits to see if you are living beyond your means or are in real hardship. If they decide you are in hardship, then they still dont have to refund. They can choose a range of solutions. Refunding recent charges is one of those but so is putting you on a debt repayment plan or suspending future charges. Where refunds are given of past charges, in most cases it is no more than the last 3-12 months. Only in extreme hardship cases (such as arrears in council tax and utilities) do they usually go back further. Even then, its only usually an extra year or two.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards