Business Bank Charges Compensation

Business bank charges compensation is money that banks are paying back to businesses due to unfair charges that they have made on things like:

Exceeding overdraft limits
Bounced cheques
Overdue bills or repayments

If you do any of these things, your business is technically in breach of your contract with the bank and the bank is entitled to hold you liable. However, the law is clear that any sum charged by the bank, as a result of damages caused by a breach of contract, must reflect actual costs rather than the arbitrary sum that most major banks charge. Estimates usually put the maximum charge that could be justified by any bank at about £2.50 whereas most banks charge around £30. To help with your possible business bank charges compensation claims, we can put you in touch with Claims Financial; a company that specialises in reclaiming unfair bank charges. They will: