How To Reclaim Bank Charges

If you are wondering how to reclaim bank charges that you might be owed, then there are several ways you can do it. These charges – implemented by banks when customers exceed overdrafts, bounce cheques or have insufficient funds for direct debits – have been deemed unlawful by the Office of Fair Trading because they are not representative of the true costs incurred by banks. You can claim them back by:

Using an intermediary company – they claim back the excessive bank charges on your behalf; such companies will also give you advice and represent you if it cannot be settled out of court.
Writing to your bank – request a list of the charges and that they be refunded to you. If this fails, write again to inform them that you are willing to take the case to a small claims court.

Going through a company to reclaim bank charges can help, because their agreements with the banks can mean your claim will be fast-tracked and is also more likely to be successful.

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