Historic Bank Charges - 50% Reclaimed 3 June 2021 at 6:35PM in Reclaim bank & credit card charges 6 replies 186 views

SkatzWizard

Hi.
I used this Forum many years ago during the time of the original bank charges scandal. I successfully got Lloyds TSB (as they were then) to offer a refund.
They offered to refund half of the charges as a goodwill gesture. Before I had chance to refuse this offer in order to pursue the full amount, they credit my account with around £1200. Then the supreme court ruling came in and I assumed that was all I would get. As the bank sort of accepted the charges were unlawful, and I did not accept there offer, would I have any chance of reclaiming the rest now?
The money they refunded didn't clear my overdraft which was caused by these charges and subsequently sent me on the road to struggling with debt, which I am still trying to get out off.
Many thanks in advance.

brettcta

More than likely not, they’ll have deemed your silence over the last 10+ years as you having accepted it. 

dunstonh

As the bank sort of accepted the charges were unlawful,

You may wish to publish your evidence supporting that as there is no record of any bank doing such a thing.

sourcrates

dunstonh said:

As the bank sort of accepted the charges were unlawful,

You may wish to publish your evidence supporting that as there is no record of any bank doing such a thing.

And shame on them for that.

[Deleted User]

sourcrates said:

dunstonh said:

As the bank sort of accepted the charges were unlawful,

You may wish to publish your evidence supporting that as there is no record of any bank doing such a thing.

And shame on them for that.

People were charged the fees they agreed to with the account. The Supreme Court ruling in 2009 was 100% correct, they were not unfair or unlawful or any such nonsense, nobody who managed their money properly got fees. After that, fees were lowered and yet still people have these campaigns against correctly applied fees, e.g. resulting in overdraft rates sky rocketing as they weren't allowed to charge fees, highly ironic that money "saving" caused money wasting.

SkatzWizard

Thank you all for your replies. I know it's a long shot but thought I would ask. I still have the paperwork somewhere I think.
I believe people can make mistakes when managing their money and thanks to forums like this they can get help in correcting this. 

sourcrates

Deleted_User said:

sourcrates said:

dunstonh said:

As the bank sort of accepted the charges were unlawful,

You may wish to publish your evidence supporting that as there is no record of any bank doing such a thing.

And shame on them for that.

People were charged the fees they agreed to with the account. The Supreme Court ruling in 2009 was 100% correct, they were not unfair or unlawful or any such nonsense, nobody who managed their money properly got fees. After that, fees were lowered and yet still people have these campaigns against correctly applied fees, e.g. resulting in overdraft rates sky rocketing as they weren't allowed to charge fees, highly ironic that money "saving" caused money wasting.

The Supreme Court made a ruling stating that the Office of Fair Trading (as they were then) had no legal authority to decide on the matter of whether the bank charges were fair or not. 

It held that it was not their call to say that the charges were excessive.

Basically, the Supreme Court ruled that bank charges do not fall under the Unfair Contract Terms in Consumer Contracts Regulations 1999 which therefore puts it outside the jurisdiction of the Office of Fair Trading.

They made no comment on the fairness or otherwise of bank charges.

In other words they bypassed the issue, and passed the buck.