Bank Overcharging

Bank Overcharging - consumers must fight against bank overcharging

Many high street banks are in the spotlight for over charging customers

Money Advice Direct receives 1000s of calls each month from the public complaining of bank overcharging practices. If you would like to claim back bank charges then please click here to APPLY NOW!

It is estimated that UK overcharging by banks and building societies makes £1.7bn a year from levying charges of up to £39 for unauthorised overdrafts and bounced cheques.

The cost to a bank of a bounced cheque is around £2.50 and the test case now being brought in the High Court by the Office of Fair Trading will establish whether the banks can add a penalty element to their charges, over and above the actual administrative cost.

Bank open overcharging departments

Most UK high street leading banks have been inundated with claims of bank overcharging and have had to open specialist departments to deal with the problem.

The most common complaint is for fees charged for unauthorised overdrafts. The specialist bank overcharging departments have cost the banks millions of pounds as they have been forced to employ additional customer care staff.

Many UK high street clearing banks use dubious methods to avoid refunding unreasonable bank charges to its customers.

It is estimated that UK banks are overcharging customers millions of pounds a year. Some banks are aware of bank overcharging claims from the public yet tell staff to reject overcharging complaints, even if they are legitimate.

Examples of bank overcharging policies from banks

Only offer a maximum settlement of £750 for any overcharging complaint.
Not to refund interest
Offer no immediate settlement to customers who are terminally ill and dying.

If you’re unhappy about bank overcharging and wish to complain and get the bank overcharging fees back please click here APPLY NOW!

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Bank Overcharging