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  • FIRST POST
    • Mummyof3boys
    • By Mummyof3boys 19th Aug 19, 11:10 AM
    • 3Posts
    • 0Thanks
    Mummyof3boys
    Can I claim back overdraft charges?
    • #1
    • 19th Aug 19, 11:10 AM
    Can I claim back overdraft charges? 19th Aug 19 at 11:10 AM
    Hi, totally new to posting on forums but here goes. I have been continually using my arranged overdraft for just over 2 years and have been charged daily fees for the whole time. My wages are not enough to get me back in the black and I feel trapped. I have 3 young children that I need to support and feel these charges (£1400 paid to date) have put me further into financial hardship. Can these fees be claimed back or will I have to keep paying? I live modestly, Iím not entitled to any benefits, I donít have any unnecessary subscriptions etc and donít smoke/drink, so I feel there is nowhere i can make cutbacks. Any advice on this would be really appreciated
Page 1
    • societys child
    • By societys child 19th Aug 19, 12:07 PM
    • 6,416 Posts
    • 7,576 Thanks
    societys child
    • #2
    • 19th Aug 19, 12:07 PM
    • #2
    • 19th Aug 19, 12:07 PM
    If you're currently suffering financial hardship, contact the bank and explain the problems you're having. They have a range of options they could offer to get you back on your feet.

    • -taff
    • By -taff 19th Aug 19, 1:02 PM
    • 10,488 Posts
    • 14,584 Thanks
    -taff
    • #3
    • 19th Aug 19, 1:02 PM
    • #3
    • 19th Aug 19, 1:02 PM
    They won't necessarily refund you any money but they may,or they may suspend charges or interest.
    When you write to them, say you are in current financial hardship. Do not mention charges apart from that it isn't sustainable for you.
    • Kentish Dave
    • By Kentish Dave 19th Aug 19, 3:24 PM
    • 783 Posts
    • 1,466 Thanks
    Kentish Dave
    • #4
    • 19th Aug 19, 3:24 PM
    • #4
    • 19th Aug 19, 3:24 PM
    You’re unlikely to get historic fees back, but as per above, may get a reduction now. Is your partner, or the children’s father paying their share of the household bills? Can you or they take on some weekend or evening work?
    • Mrsn
    • By Mrsn 19th Aug 19, 5:44 PM
    • 196 Posts
    • 177 Thanks
    Mrsn
    • #5
    • 19th Aug 19, 5:44 PM
    • #5
    • 19th Aug 19, 5:44 PM
    Which bank are you with OP? I ask because a few months back whilst receiving SSP I phoned my own bank (NatWest) explained the current financial hardship and they very generously refunded 12 months worth of charges. You have nothing to lose by speaking to them
    • Mummyof3boys
    • By Mummyof3boys 20th Aug 19, 1:54 PM
    • 3 Posts
    • 0 Thanks
    Mummyof3boys
    • #6
    • 20th Aug 19, 1:54 PM
    • #6
    • 20th Aug 19, 1:54 PM
    I already work evenings and weekends and take any overtime on that I can, itís just not covering the overdraft let alone the mortgage and bills. My husband is in the same situation, unable to get out of the overdraft and he works full time-so there is no room for extra hours, I walk out to work as soon as he walks in from work.
    • Mummyof3boys
    • By Mummyof3boys 20th Aug 19, 1:58 PM
    • 3 Posts
    • 0 Thanks
    Mummyof3boys
    • #7
    • 20th Aug 19, 1:58 PM
    • #7
    • 20th Aug 19, 1:58 PM
    I am with Halifax, and my husband is with Lloydís tsb. (He is in the same situation) We have just wrote a letter to both banks to explain our situation so hopefully we will be fortunate enough to recuperate some fees back like yourself. Fingers crossed 🤞
    • Mrsn
    • By Mrsn 20th Aug 19, 4:58 PM
    • 196 Posts
    • 177 Thanks
    Mrsn
    • #8
    • 20th Aug 19, 4:58 PM
    • #8
    • 20th Aug 19, 4:58 PM
    I do sympathise, their overdraft fee structure is harsh and difficult to get out of. I hope it’s positive for you
    • thompson_2009
    • By thompson_2009 28th Aug 19, 7:08 AM
    • 12 Posts
    • 0 Thanks
    thompson_2009
    • #9
    • 28th Aug 19, 7:08 AM
    • #9
    • 28th Aug 19, 7:08 AM
    The bank won't give you any money and they will demand every penny back. They don't care.
    • Bermonia
    • By Bermonia 28th Aug 19, 7:23 AM
    • 857 Posts
    • 772 Thanks
    Bermonia
    The bank won't give you any money and they will demand every penny back. They don't care.
    Originally posted by thompson_2009
    Really constructive and insightful post... thank you for taking time of of your busy day to post that
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