Business Bank Charges Waiver Lifted From Fsa

zombie

Is there any truth that the FSA have clarified that this waiver should not apply to Business accounts and that business customers with penalty charges should now issue complaints to their Bank?

I understand that the six years of claim will count up to the present not the 27th July when the waiver took effect. So it's 6 years and a few months.

If this is true, I feel Martin L should make some noiseS on this website and on TV. There are hundreds of thousands of small business who are affected and are not even aware they can claim.


ZOMBIE

natweststaffmember

I do agree with you. The answer is YES by the way and the link is below. Please read the whole of the article or you will miss the bit about small businesses.
http://www.fsa.gov.uk/pages/Library/Communication/PR/2007/119.shtml

borgbaiter

hi

interesting, is this because businesses are not deemed consumers under the UTCCR?



Borgbaiter

zombie

Absolutely correct! Business have completely different T&C's as they are a legal entity in themselves. However, penalties and the way they have been imposed on businesses is still in the OFT's view unfair and illegal.....I think!


zombie