Bank Penalty Charges

Get Your Money Back

When you open a bank account or take out a credit card, you enter into a contract - bank penalty charges are fees that are charged by your bank if you go out of the agreed terms of that contract. Some reasons for bank penalty charges include:

Going over your overdraft limit without prior agreement
A cheque that bounces
Insufficient funds for a direct debit
Exceeding a credit card limit
Failure to pay a minimum payment on a credit card

Bank penalty charges are supposed to reflect the actual costs incurred by the bank, but banks were charging what the Office of Fair Trading has deemed 'unfair' charges, so many people are now claiming them back.

We can put you in touch with Claims Financial, a company that specialises in reclaiming unfair bank charges, providing: