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 alot 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.
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