sarasquares

iTrader: (1)

just watched bank Robbery on BBC2, you can claim back nearly all the bank charges you have paid over the last 6 years. some people got back over £4000 out of £6000 paid, and a bloke is currently waiting to get £15000 back off his bank

anyone else watch this?

it has been proved that bank charges are illegal

Curse of the Rushing Gimp

i contested mrs gimp who had racked up £170 quid over 6 years. She got it paid back into her bank by the robbing gits halifax.

RON

Am i the only person who's never paid a single penny in bank charges in 20 years....????

I doubt it, but some of those people seemed to be being charged an awful lot.....

sarasquares

iTrader: (1)

the experts worked out that a £30 charge for a bounced cheque only cost £4.40 in reality and that was meant to be on the more costly side

Fuzz

Here's a thought.....

Try having enough money in the account to start with instead of bouncing it around your overdraft limit!!!!!

Or is it impossible to live within your means now adays

Andy

People who know me will be shouting "Pot, Kettle"

KiwiGTI

I changed banks earlier this year to align my business and personal a/c's. In the process I removed all the direct debits I had online (the regular ones) However some bills weren't listed (I think the variable amounts or imfrequent ones like electricity or BT)

Anyway a couple of them slipped through the net in the process and my account ended up £70 overdrawn (2 x returned DD's).

4 months later I get a call from their collections department saying I my account is £700 overdrawn. (solely from charges - i received no statements or letters btw)

Now that is taking the **** and I am going to get that back.

Big C

So did it mention how exactly to go about claiming these charges back??

C

speedking

How to claim.

goatblower

iTrader: (6)

I did this,got just over £2300 back,including court fee & 8% interest

Look here for all the info you need

PENALTY CHARGES :: FIGHTING YOUR CORNER - FOR FREE

Penalty Charges Forum - Powered by vBulletin

CrisPDuk

That bit's not quite true SS The banks so far have always settled, no case has yet gone to court.

The banks are currently doing their utmost to keep this issue from appearing before a judge, because they will then have to reveal the true costs involved, and how much they have profited from their customers' misplaced trust

2000TLondon

Can't wait until they start doing this with parking fines!!! Or is it a case that the banks cannot PENALISE you, where as Ken Livingstone can?

r32

My Daughters in the process of claiming back her bank charges .......... looking promising.

cookstar

iTrader: (6)

Over the past 6 years i have paid THOUSANDS in bank charges

yes i know its my fault but *******

SWRTWannabe

How do I go about claiming for the decrease in interest and loss of services from my bank because they have had to pay out to people that can't manage their money.

Let me know if I'm starting to sound like pslewis

vindaloo

IMO the banks are playing it cagey for a number of reasons.

1) If a bank demonstrates as of today that it knows how much a "bounced DD" warning letter etc. costs. Any future charges of that type to anyone could lead to allegations of obtaining money under false pretences or fraud.

2) If any case goes to court, they may be required to do "1)" anyway.

3) They're making a LOT of money doing this and they want to keep the gravy train running as long as they can.

4) They're sh*t scared of being required to pay back everything they've taken in charges over the past 6 years.


Having written the above, I can see how the situation has got to where it is. Goes back to the days when such letters would have been sent personally to you by the "Bank Manager" of your "Local Branch". The number of hands that actual piece of paper went through may have led to it costing the £25-£30. These days where everything is computerised, it probably costs 2p for the computer processing and a couple of quid to post-process the paperwork and mail it.

Not that I'm excusing the banks. They've conventiently looked the other way and not bothered to sort this mess out when there would have been little or no liability. There is NO WAY that they haven't seen this coming since the act was law in 1999.

J.

KiwiGTI

Just another tip, if you do try and reclaim your banking fees be aware that the bank will in all likelihood terminate all it's dealings with you. So if you do owe them things like overdrafts they will demand payment immediately. So make sure you have alternative arrangements in place first.

Jamescsti

I imagine if I got back the fees i've paid it would easily clear my overdraft anyway, so i'm going to give it a go!

sarasquares

iTrader: (1)

i am going to sit down tonight and see how much they owe me

i think i would change banks if i had to take them to court. thing is all banks are the same, just different names

KiwiGTI

Some have different coloured signs and carpet in their branches.

sarasquares

iTrader: (1)

my one has some decent male totty, not sure if i am willing to give that up

KiwiGTI

Mine are minging, it's makes the customers want to use the internet rather than face those bushpigs in the branch

sarasquares

iTrader: (1)

i would definitely change banks for that reason alone

*Sonic*

Im sure I read on one of the forums regarding this, that they cannot just demand payment of your overdraft immediately, and they cant just terminate your account, for them illegally making money out of your loss (so to speak)

Is this deal currently just Banks, or does it extend to extortionate visa bills etc too?

I have recieved a letter not that long ago to say that a certain number of bank charges have been reduced in line with recent publicity over excessive charges

My Bank for instance charges me 8 quid per day for every day I am over my overdraft limit, even if it is only a few pence over, I dont realise, and before you know it 80 quid charges, and then the cheeky fecklers charge you for processing a DD that takes you over your limit too

My letter is already drawn up

mpr

oh good I look forward to subsidising all of you that are financially incompetent!

All these claims are likely to result in the end of free banking in this country - that means I get to pay because other people didn't like getting penalised for being stupid (certain rare circumstances excepted).

I fail to see why a penalty charge, that both parties have agreed to before hand is seen as unfair.... ffs it's supposed to be a PENALTY for doing something wrong.... It's hardly a penalty if they can only charge you for a millisecond of computer processing time is it?

*Sonic*

I thought they werent allowed to make a profit out of it though

Banking hasnt been free for a long time with a number of banks

What tends to happen is that both parties dont agree to the charges, the bank set them, we have to put up with them

mpr

I don't see why they shouldn't make a profit.... if that's the case why don't speeding fines cost the same as a roll of film for the speed camera?
It is supposed to be a penalty.

You always have a choice... you don't have to bank there.... you don't have to go overdrawn etc.

sarasquares

iTrader: (1)

THATS WHERE YOU ARE WRONG, THE WOMAN FROM THE BANKS ASSOCIATION ooops caps said that it is not a penalty you are paying but a service charge, and these have to reflect the current market costs and a £30 charge for a bounced cheque only costs aroung £4.40 to generate

goatblower

iTrader: (6)

I am still with my bank after nearly 23 years & succesfully claiming back over £2300 earlier this year

KiwiGTI

The can withdraw the facility at any time, it'll be in the terms and conditions.

Back in the early 90's many people were bankrupted due to the banks heavy handedness.

Of course it's generally not in their interests to do so.

KiwiGTI

Obviously depends on the circumstances and each banks policy, but they are quite entitled to close your accounts because of the "unworkable relationship"