What Makes Unfair Bank Charges Unlawful?

Critics and customers say that the charges enforced by banks for exceeding your overdraft limit or bouncing a cheque are unfair because:

Banks are only allowed to charge enough to reasonably cover the administrative costs involved.
The charges are disproportionate – it does not cost £30 to send a letter informing someone that they have become overdrawn.
In accordance with the Office of Fair Trading, these charges are unlawful and banks have collected more than £5billion a year from doing so.

With the Office of Fair Trading branding charges of more than £12 charges as being of a "significantly higher level that is legally fair," many people are starting to claim back their money.

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

A No Win No Fee Service
Expert friendly advice
Handling your case from start to finish

Using an intermediary company can increase your chances of success and fast-track your claim because of the deals that such companies have with the banks.

Find out how to claim back unfair bank charges