Banking News Bank Charges Pound480million To Be Reclaimed By Those In Hardship 18470517

Bank charges: £480million to be reclaimed by those in hardship
Go compare with our comparison table

Bank charges: £480million to be reclaimed by those in hardship

02 March 2010 / by Rebecca Sargent

People living in hardship and trying to reclaim their bank charges could still claim a collective £480million, has revealed.

The consumer revenge site launched a new bank charges reclaiming guide last week, claiming that those in financial hardship can still claim, even in the light of last November’s Supreme Court decision.

Commenting, Martin Lewis, creator of said: “Rumours of the death of bank charges reclaiming have been greatly exaggerated. Certainly, the number of people who can do it has decreased – it’s now mainly for those people suffering financial hardship. But with current economic conditions, that is sadly still a huge number of people.

“We now believe nearly half a billion pounds more could come back from the banks if people take them on again in the right way – and we’re already hearing of good numbers of successful reclaims since the Supreme Court decision,” he adds.

© Fair Investment Company Ltd

Provider Account Set Up Fee Fee per month Features Apply
N/A £12.50 No credit checks.** Prepaid MasterCard. No account opening fee. More Info >
£4.95 £9.95 No credit checks**. Prepaid MasterCard. Credit Building facility. More Info >
£4.95 £9.95 No credit checks.** Up to 20 free payments and standing orders a month. Prepaid MasterCard. More Info >

**See Terms and Conditions

Written by Editorial Team