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Lloyds TSB ordered to pay claimant more than £4,000 in unfair bank charges

06 July 2007
A St Albans County Court judge yesterday ruled in favour of a claimant in an unfair bank charges case, awarding him £4,050.

Gregory Terry’s successful claim against Lloyds TSB – who did not send a representative to hear the case - is the first ruling of its type to pass through the UK courts.

The case will give consumers still fighting the banks to reclaim the money they have lost to unlawful penalties new hope, especially after the judgment in Lloyds TSB’s favour earlier this year.

In May 2007, Kevin Berwick also took Lloyds TSB to court over unfair bank charges, but the judge at Birmingham County Court said that Mr Berwick had failed to provide sufficient evidence to support his claim – it was feared that his case may have set a precedent.

But following yesterday’s ruling which saw Mr Terry make history by successfully claiming his money back, the fight has received an historic boost.

Stephen Hone, founder of, the company who represented Mr Terry says the case is great news for consumers looking to pursue a case against their own bank:

“This case has shown that the momentum is now firmly back with British consumers and we intend to do all we can to ensure that as many people as possible get their money back,” he said.

“We have finally managed to bring a case to court to try and settle this issue. Consumers are owed millions of pounds in charges that have been unlawfully levied over the last six years and it’s time that the banks faced the music and paid up.”

Find out more about Reclaiming Bank Charges