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Calling ALL Brits
Asked Jan 29, 2007, 06:22 AM
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85 Answers 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. Here's a few articles concerning this movement: Watchdogs Back Fight Against Bank Charges (from The Argus) Mirror Money - HAS YOUR BANK RIPPED YOU OFF? One of the BEST resuorces I have found for this and other money related matters is MoneySavingExpert: Consumer Revenge, his no nonsense approach to these matters has got him a lot of media attention. His directions on reclaiming these charges is excellent and a MUST read: Bank charges: Reclaim them, they're unlawful, so you can get six years money back, But and it's a big BUT, the banks are starting to fight bank and threaten customers with account closure or canceled overdrafts. Don't bank on reversing the charges | News_ | Guardian Unlimited Money Banks threaten customers who reclaim account fees - Money - Times Online Well thet way I see it is that the banks have been making money from our mistakes and are not willing to help, so it's time to fight back. MSE has a whole board devoted to members stories that have tried just that: Reclaimed Bank Charges SUCCESS stories - MoneySavingExpert.com Forums So my letter went off at the weekend, 27th Jan, just time to start with the old waiting games I suppose. I'll keep you all posted how I get on. |
85 Answers
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| Well, 2 bits of news. 1st off the Nat West has responded with my statements back to April 2001 and a letter stating that when I have identified the charges to return the statements. Interesting it only took 2 weeks to get them. We'll see what happens when the statements go back. The 2nd bit of news I heard on the radio at 4:30 this afternoon, that Lloyds /TSB have won a court case for charges! I will try and find a news link and post | ||||
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| Right here: BBC NEWS | Business | Bank's overdraft charges upheld And here's a summary of the judgement: http://img.thisismoney.co.uk/docs/Summary.pdf Basically what happened is the Judge didn't understand that the charges are a breach of contract and made his judgement based on that. Not to worry as there are some SERIOUS minds on this case now, it WILL be appealed. The appeal goes straight to the HIGH COURT and as such FULL disclosure is assured. DON'T panic WE will win through. Basically this was a standard LTSB defence that has been distroyed many times in the past. Also the lower courts cannot set a precedent. | ||||
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| After a load of digging and a follow up on BBC (BBC NEWS | Business | Was the bank victory an accident?) it's seems tha the judge was concerntrating on the breach of contract angel. Unfourtunatly when asked, by the judge, if exceeding your agreed overdraft was considered a breach the person answered NO when he should of said YES. I suppose that pride over took him and he didn't want to admit to any wrong doing. Really this case should never of gone before the judge in the first place as SC&M (LTSB's lawyers aka SCaM) didn't even turn up ! The upshot of this is it could become the test case we have all been waiting for, which of course the banks have been trying to avoid at all costs. Forget Tom Brennen, this is where the action is. Small Town Joe (or Kev in this case) Takes On The Banks In High Court ! | ||||
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| Well I've got some great news, Natwest have just written back to me and awarded me everything I asked for (£1400) without so much as a fight, just had to wait for a while! I'm chuffed to bits! And apparently RBS have sent me a letter this week too! Nice! Keep up the good fight people! | ||||
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| Nice one Hunter. I happy for you. Well my "request" is happily winging its way to LTSB, I wonder what their response will be. Should be interesting as I'm going for 10 years with contractual interest on top. Hey if you're going to claim then make it a doosy  | ||||
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| Update: LBA letter has gone in claiming some £1200 including interest from NatWest. Fingers crossed, that's next years holiday to US and Australia. | ||||
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| Legend! Natwest paid my money into my bank on Tuesday! Spend, spend, spend! I'm just waiting on my RBS settlement letter now! Woop! | ||||
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| Well I have a few more days before I can LBA LTSB, still waiting on my BogOff letter from them. Should be interestig, but knowing me they won't of read my claim at all and I'll just get a template job. | ||||
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| Woohoo! RBS have just settled with me, and for the full amount! Happy Days! The Milky Bars are on me! Lol! | ||||
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| *Takes Hunter Out The Back For A Good Shoeing*  I'm still fighting with mine and you guys are getting settled already. | ||||
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