Have you been a victim of Missold Bank Charges?

How To Reclaim Unfair Bank Charges?

The term bank charge covers all fees charged by the bank on customers. There may be several types of bank charges such as:-

• Monthly charges for account provision
• Any bank charges on transactions other than overdraft limit excesses, like bounced cheques
• Overdraft interest bank charges
• Bank charges for going beyond sanctioned overdraft limits or trying to make payments in cases where no sanctioned overdraft exists.

In the UK please note that there are several ways to reclaim bank charges. It is all about knowing how to complain.

• Opening a bank account is actually entering into a contract.
• Going overdrawn or getting cheques bounced amount to a breach of that contract.
• This is charged as liquidated damages.
• Bank charges must not exceed the damages suffered by the bank. In that case it becomes a penalty and the court cannot enforce it.

Complain about excessive bank charges

1. Any excessive bank charges would be classified as penalty by the law.
2. Anything over and above what the breach of contract costs the bank would come under this.

Complain and reclaim bank charges

1. You can try to reclaim such bank charges.
2. A good example would be an exorbitant amount charged for letters sent to a customer informing them that they have infringed an overdraft limit, or imposing daily fines along with interest for an overdrawn account.

 Find out how much the bank charges are:-

• Carefully check all the bank statements and sum up all the charges that can be deemed excessive.
• If you do not keep old statements, then ask the bank for a comprehensive list.
• Ask for any forms that needs to be filled, then follow up with phone calls.
• Contact the bank and ask for a refund Persistence correspondence can achieve positive results more often than not! Keep a copy of your correspondence and take a note of the person who received it, the time and the date.

If you’re not sure what do to next – get in touch with us. We should be able to sort out which company is involved and pursue then for compensation.

• 'No Win - No Fee' Service and No Upfront Fees
• Expert friendly advice
• We will handle your case from start to finish

Click here to complete your PPI Claim Form