Illegal bank charges
Posted by: Sir Crispin Cupcake on 15 December 2006
Hi all,
I don't how many of you saw the Money Programme a few nights ago but it discussed bank penalty charges at some length. In summary, bank charges of £30 or so for exceeding overdraft limits are illegal and banks are only entitled to charge for any losses they have incurred. The penalty component is illegal. You can claim your penalty charges back. Here's how:
Illegal Penalty Charges
Might finance a nice upgrade if you've been stung heavily in the last 6 years or so!
Enjoy,
Rich
I don't how many of you saw the Money Programme a few nights ago but it discussed bank penalty charges at some length. In summary, bank charges of £30 or so for exceeding overdraft limits are illegal and banks are only entitled to charge for any losses they have incurred. The penalty component is illegal. You can claim your penalty charges back. Here's how:
Illegal Penalty Charges
Might finance a nice upgrade if you've been stung heavily in the last 6 years or so!
Enjoy,
Rich