Bank Account Charges
Bank Account Charges
Get Your Money Back
Bank account charges are usually those implemented by your bank when you go outside of the agreed terms and conditions of your account. They can be for such things as exceeding an agreed overdraft limit, bouncing cheques, or not having enough funds in your account to cover direct debits. These charges have been deemed unlawful by the Office of Fair Trading (OFT) because they are disproportionate to the cost experienced by the bank as a result of the unauthorised borrowings.
However, following the Supreme Court ruling that bank charges should not be governed using fairness rules, the OFT has decided not to pursue the case. As a result, there is no guarantee you will be able to reclaim your money. Consumer groups are though still encouraging people to voice their opinion by making a claim.
This can be done either independently or through an intermediary company that does all the work for you.
Advantages of using a company to reclaim your bank account charges include:
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Saving you them time and money – the company pledges to do everything on the customer's behalf on a no win- no fee basis.
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Fast tracking your case – many companies have special agreements with the banks involved and can help settle the case privately.
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Advice and representation in court – the firms represent clients if the case does go to court and underwrite any necessary fees.
If you have been subjected to unfair bank account charges, we can put you in touch with Claims Financial, a company that specialises in reclaiming unfair bank charges, providing:
- A No Win No Fee Service
- Expert friendly advice
- Handling your case from start to finish