Excessive Bank Charges
How to reclaim excessive bank charges
Excessive Bank Charges - Do you think you have been unfairly charged by a bank or credit card provider? If so, we can help. If you require assistance and advice on how to claim excessive bank charges please click here APPLY NOW!
The following steps are recommended as a guide to challenging excessive charges:-
Work out what excessive bank charges you are owed
Go back through old statements. If you can’t find all of the information, check your internet banking facilities. If that fails, write to the bank asking for a list of any charges they applied to your account over the past six years. If they won’t give you this information, ask for copies of statements instead. They will however charge you for this service.
Write and ask for the excessive bank charges back
Make sure you keep a copy of the letter. If you have to chase the bank for a response, keep a record of who you spoke to, and when.
Sample Letter:
Dear Sir or Madam,
Ref: Account number: [your account number].
I would like to request a refund of unfair excessive charges that have been applied to my account. Under the UK Unfair Terms in Consumer Contracts Regulations 1999 charges must reflect administration costs and cannot be punitive. I believe that the following [enter details of charges] are excessive as they do not reflect the true cost of going into an unauthorised overdraft.
You have taken [enter charges amount here] from me, and I would like to request a repayment of this sum. I also ask you to ensure any default notices entered against my credit record are removed entirely.
Please repay this money in full and remove any default notices within 14 days. If this is not done, I will begin a claim against you for this amount, plus interest and my costs.
Yours faithfully,
See what the bank has to say about the excessive bank charges
- If they don’t respond – chase them.
- If they say they will deal with the issue later, write back telling them what you think is a reasonable deadline.
- If they refuse, write back claiming that the charges have been deemed unfair in the UK.
- If they make you an offer, decide if this is reasonable. Remember – they are entitled to make a charge that reflects the actual costs incurred.
How to reclaim excessive bank charges
To gain a definitive view of the legality and fairness of unauthorized excessive bank charges the Office of Fair Trading [OFT] and eight banks have initiated a test case in the High Court.
The outcome of the case will clarify the law on these charges and will help to deliver a clearer and more consistent basis for the resolution of such complaints.
The initiation of this test case has important ramifications for people who have already attempted to reclaim excessive bank charges. Unless clients have already received an offer of settlement from their bank, their attempt to reclaim their charges will not be progressed until the test case is resolved.
The OFT has granted current account providers a waiver from the normal rules on time limits for dealing with complaints about unauthorised overdraft charges. From 27th July 2007 firms will put customer complaints about this issue on hold until the test case is resolved.
If you require assistance and advice on how to claim excessive bank charges please click here APPLY NOW!
Apply online - act now and get your money back!!
Reclaim Unfair Bank Charges Menu
- What is the law on unfair bank charges? |
- How can you help me? |
- How much will it cost me to reclaim by bank charges? |
- Frequently Asked Questions |
- Reclaiming unfair Business bank charges |
- Mis-Sold Loan Insurance (PPI)? |
- Endowment Compensation |
- Reclaim Credit Card Charges |
- Reclaim Unfair Mortgage Exit Fees Today |
- Personal Injury Claims |
- Compliance |
- Disclaimer and Privacy Statement for Claims Financial Ltd |
- Reclaim your Bank Account Charges |
- Advice on your unfair Bank Charge Case |
- How to receive Bank Charge Compensation |
- Advice on Bank Charges |
- Advice on Bank Charges Claims |
- Writing a Bank Charges Letter |
- Bank Charges law from office of fair trading |
- Bank Charges Rebate advice |
- Bank Charges Reclaim advice |
- Bank Charges Refund advice |
- Bank Charges Refund Letter help |
- Get you Bank Charges Refunded |
- Advice on Bank Charges Refunds |
- Bank compensation claim advice |
- Bank Fees help and advice |
- Bank Fees Reclaim help advice |
- Get your Bank Fees Refunded |
- Bank Fees Reclaim |
- Know your Rights |
- Spot Excessive Charges |
- Work out what you are owed |
- What does the bank have to say |
- Bank Fees Refund |
- Bank Over Charge Fees |
- Bank Overcharging |
- Claim back Bank Penalties |
- Bank Penalty Charges |
- Business Bank Charges Compensation |
- Business Bank Charges Complaint |
- Business Banking Charges |
- Claim back Bank Charges |
- Claiming back Bank Charges |
- Claiming your Overdraft Charges back |
- Compensation for Business Banking Charges |
- Complaining about Bank Charges |
- Complaints about Bank Charges |
- Excessive Bank Charges |
- Get back Bank Charges |
- How do I reclaim my bank charges |
- How to claim back Bank Charges |
- How to reclaim Bank Charges |
- Illegal Bank Charges |
- Law on Bank Fees |
- Letter for Bank Charges |
- Overdraft Charges |
- Overdraft Fees |
- Refund Bank Charges |
- Refund Business Bank Charges |
- Reclaiming Bank Charges |
- Recovering Bank Charges |
- Unfair Bank Charges |
- Unfair Bank Fees |
- Unfair Business Bank Charges |
- Unlawful Bank Charges |
- Which Bank Charges |
- Abbey Bank charges |
- Alliance and Leicester Bank Charges |
- Anglo Irish Bank charges |
- Bank Of Scotland bank charges |
- Barclays Bank charges |
- Birmingham and Midshires bank charges |
- Cahoot bank charges |
- Citi bank charges |
- Clydesdale Internet Bank charges |
- Ebanking Northern Bank charges |
- Egg Internet Bank charges |
- First Direct Internet Banking |
- Halifax Bank charges |
- HSBC Bank Charges |
- ICICI Bank Charges |
- Lloyds Bank Charges |
- Sainsburys Bank bank charges |
- Scottish Widows bank charges |
- Standard Life bank charges |
- Ulster bank charges |
- Yorkshire Bank bank charges
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
[more...]
DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]