The OFT bank charges test case was launched in January 2008 and a verdict was finally reached by the Supreme Court in November 2009 following several appeals by the banks'. The court overturned earlier rulings that allowed the OFT to investigate the fairness of charges for unauthorised overdrafts. Lord Phillips, president of the Supreme Court, explained that bank customers agreed to pay overdraft charges as part of the price of havving a current account. In light of the court's decision the OFT has given up its case against the banks'.
Whilst there is no guarantee that your bank will refund your claim, people who have been charged are encouraged by consumer groups to make a claim give their opinion on the matter.
You can find out more about the latest developments surrounding bank charges by reading our latest banking news.