OFT files details of claims on overdraft charges

03 September 2007
The Office of Fair Trading (OFT) has filed at the high court details of its case against unauthorised overdraft charges paid by bank customers.

The particulars of claims will be made available on the OFT website while the watchdog continues its investigation into the legality of penalty charges levied by banks against customers who exceed their overdraft limits.

The documents examine whether or not the fairness test in the Unfair Terms in Consumer Contract Regulations applies to these overdraft charges.

A court case, beginning next year, will examine this point of law after the OFT's market study into the current account market is published in December.

Meanwhile, the watchdog is issuing a warning to bank customers over telephone scams which have seen fraudsters masquerading as OFT employees requesting bank account details in order to reclaim bank charges on their behalf.

It is urging customers not to give out any personal information over the phone or via email, stressing that the OFT would never contact customers asking for such details in this way.

Find out more about reclaiming bank charges

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