2007-01-17 02:42:08 · 10 answers · asked by CAROLINE M 2 in Politics & Government ➔ Law & Ethics
claim them back at www.moneysavingexpert.com
2007-01-17 02:45:31 · answer #1 · answered by Once B 3 · 1⤊ 0⤋
Actually, a bank may only make appropriate charges to cover the costs incurred by default/lack of funds etc.
This is what the current dispute is all about, and it is why the banks cave in when people demand re-payment of the charges, for the simple reason that the charges levied are excessive to the point of obsecenity.
The banks know they are on dangerous ground, because there is such a thing as "unfair contract," and even getting people to agree to such a contract, does not give them the right to impose punative and unfair contractual terms in the first place.
The banks are very afraid of a ruling on this issue, which is why they seek to avoid confrontation through the courts.
There is absolutely no-way that an unpaid electronic transfer, can cost a bank £35, if the money to pay the amount is in the account the same day before the close of business, but AFTER the earliest possible time that the banks can trigger debits to the account.
It is nothing but fraud by a different name.
2007-01-17 11:35:00 · answer #2 · answered by musonic 4 · 0⤊ 0⤋
yep apparently almost all bank charges incurred by people in the last 6yrs are illegal so you should be able to claim them back, a tip though before doing so sort out a new bank account!
2007-01-17 10:57:54 · answer #3 · answered by pinkjessie 5 · 1⤊ 0⤋
No, fees are spelled out in the contract you sign when getting the account. The bank charges fees to cover any impending risk you may pose and to cover any expenses that result from YOUR mistakes.
2007-01-17 10:52:05 · answer #4 · answered by Anonymous · 0⤊ 1⤋
no, when you open an account you sign up to thier terms and conditions which includes a schedule of charges.
Many people ( not you - you are just asking ) seem to come to this site and complain about bank charges. Its quite simple, if you sign up for the service then they are entitled to charge if you go overdrawn etc.
2007-01-17 10:50:52 · answer #5 · answered by Michael H 7 · 0⤊ 1⤋
It's part of the arrangement you entered into when you opened your account with them. You might find this link useful http://www.bba.org.uk/bba/jsp/polopoly.j...
2007-01-17 10:54:01 · answer #6 · answered by Doethineb 7 · 0⤊ 0⤋
No it's not illegal for then to take them, however they must inform you that they will be taking them, how much they are and when they will debit your account in advance.
2007-01-17 10:58:42 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Check the agreement that you signed and the latest pay charges and you will find out they can.
2007-01-17 10:48:35 · answer #8 · answered by ? 4 · 0⤊ 1⤋
No its not illegal,Welcome to my world.
2007-01-17 10:46:11 · answer #9 · answered by Bella 7 · 1⤊ 1⤋
katie B
got there b4 me.
drat!
:)
2007-01-17 10:47:36 · answer #10 · answered by Anonymous · 0⤊ 1⤋