Unfair Business Bank Charges

Recent surveys have found that small businesses are spending on average £14,000 each year on debts, and that unfair business bank charges contribute significantly towards them. If, for example, you exceed your overdraft you are technically in breach of your contract and the bank is entitled to hold you liable. However, the law is clear that any sum charged by the bank must reflect the actual costs of damages incurred. Recent investigations have found:

The maximum charge that could be justified by any bank is usually about £2.50 whereas charges are commonly about £30 per incident.
There has been a steady increase in the costs imposed on small and medium-sized businesses and the cost of exceeding an overdraft has risen on all business bank accounts offered by the major banks.

Unfair business bank charges can be reclaimed, but it is often a lengthy and arduous process. We can put you in touch with Claims Financial; a company that specializes in reclaiming unfair bank charges, and who will provide: