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Have you had ANY bank charges in the last 6 Years ?
As you may have noticed from the news and other sources there is a growing movement to reclaim punative charges from the banks.
These charges include unauthorised overdraft, declined Direct Debts and bounced cheques, not to mention the interest that these activities incur.
Which ? magazine has recently done some research into these exorbtant charges and the banks' charges are currently under investigation by the Office of Fair Trading.
Come on guys.
So far there has been OVER £10 MILLION reclaimed from the banks. Consumer Action Group are one of the main sites.
They give you all the information that you need to make a successful claim.
Now my bank has 7 days to respond or it's off to court we go.
All for the sake of some paperwork.
The really annoying thing is the fact that the office that is dealing with my request is only 30 mins drive away.
I could of personnally collected them by now !!
I got a response to my nasty letter and they promise my info in 5 days.
Just have to wait and see.
It now appears that the normal 6 years SOL doesn't apply to these charges as the Banks have been hiding the fact the charges are unlawful.
So over 6 years is claimable.
Now which other Banks shall I go for
One snotty letter and a couple of e-mails later I just received this:
Quote:
I have checked your previous reference and it would appear that one of my colleagues has sent the statements to you yesterday. You should receive these within 3-4 working days.
However, I have passed your details onto a colleague of mine so that they can contact "The Office" tomorrow morning to double check. I have also requested that they contact you directly using the mobile number you supplied in your e-mail.
If there's anything else we can help you with in the meantime, please let us know.
So they should be here shortly.
About time too!
Way over the 40 day legal limit, but I don't have the time to take them to court over non-compliance.
Bigger fish to fry
One of the members of the site I belong to has just taken his bank for £36K, yes £36,000 in unlawful charges over 6 years.
That's
$72,000 USD
or
$81804 CAD
or
$86436 AUD
or
€53247 EUR
He's now starting on the pre 6 year ones as well.
As we have all realised, even in this case, the banks will not admit how much it really costs them.
So if it was cheaper to pay out on a claim of this size it really makes you wonder. Businessman takes NatWest for £35k | The Register
It has been noted in various publications that the UK banks make OVER £1.2 BILLION in penalty charges A YEAR !!!
The site I'm on has, so far, reclaimed almost £10 MILLION from 7000 claims.
Not bad for a years worth of work.
I'm in the process of claiming money back from my 2 banks, Natwest (£1500) and RBS (£3000) for my 6 years of charges. They sent me my statements no problem, sent off my first letter asking for the cash back, got a letter off RBS saying they were looking into it. Nothing back off Natwest for almost a month, so sent them the "I'm taking you to court in 2 weeks" letter yesterday! Eep!
Just to update everyone.
This action doesn't just apply to Banks penalty cahrges, but to credit cards as well.
Last year the OFT published a report saying that they won't investigate charges under £12, but this doesn't mean that these charges are lawful either.
So as the saying goes, In For A Penny, In For A Pound.
For the sake of a few pounds, some letters and alot of waiting, it's time to claim back what is rightfully ours.
If anyone needs any further help or assistance feel free to PM me, in complete confidence of course.
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