Energy Price Cap announcement: Watch Martin Lewis explain what it means for your electricity and gas bills this winter

Reclaiming Bank Charges within O/d limit

Hi All,
Do you know if you are able to reclaim bank charges over the past 10 years if you were constantly within your overdraft limit? I was constantly using my overdraft to get through each month and had to pay £20-30 charges, however, I always stayed within the limit. Do you know if I can reclaim charges back? The banks did not support in reducing this and the % was always increasing i found every year or so.
Many thanks.

Replies

  • edited 17 February 2021 at 12:14PM
    [Deleted User][Deleted User]
    35.2K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    edited 17 February 2021 at 12:14PM
    No. But if you're in current hardship, you can ask them to look at your account and see what help they can offer.
  • Bank charge complaints died in the supreme court case years ago, you cannot claim back historical fees
  • dunstonhdunstonh Forumite
    113.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Forumite
    The banks did not support in reducing this and the % was always increasing i found every year or so.
    Did you ever approach the bank to tell them it was a problem?   If you were within limits, it would never be flagged up to them unless you tell them.

    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.
  • Smithy121Smithy121 Forumite
    3 Posts
    Ninth Anniversary First Post Combo Breaker
    Newbie
    dunstonh said:
    The banks did not support in reducing this and the % was always increasing i found every year or so.
    Did you ever approach the bank to tell them it was a problem?   If you were within limits, it would never be flagged up to them unless you tell them.

    Yes, I mentioned it to them about the charges and % and they were not very helpful in helping me reducing it. 
  • dunstonhdunstonh Forumite
    113.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Forumite
    Smithy121 said:
    dunstonh said:
    The banks did not support in reducing this and the % was always increasing i found every year or so.
    Did you ever approach the bank to tell them it was a problem?   If you were within limits, it would never be flagged up to them unless you tell them.

    Yes, I mentioned it to them about the charges and % and they were not very helpful in helping me reducing it. 
    Depends on what you mean by helpful.  if you are not in hardship and just living beyond your means, then there is no reason for them to help you reduce your charges.
    Banks are not charities.    The only way you get bank charges back nowadays in incorrect implementation (rare) or if you are in current financial hardship and they offer a goodwill gesture.
    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.
Sign In or Register to comment.
Latest MSE News and Guides

Energy Price Cap change

Martin Lewis on what it means for you

MSE News

Best £1 you've ever spent?

Share your most impressive bargains

MSE Forum