unfair bank charges???

Question

i'v had a company contact me re: unfair bank charges they tell me they can claim back most of the charges over the last 6 years. this company takes a cut of 25% and you also have to pay 15 pound first of all to them. i'm suspious!!!
are there any ways you can claim back unfair bank charge?
where do i start? i don't want to get ripped off!
any advice would be welcome thank you!

Answer 1

I'm in the process of doing this, apparently a law student discovered a little known law that says a bank cannot make profit or penalize you for going overdrawn or having insufficient funds for a mandate, consequently a letter costs something like .45p and a phone call a few pence too, so charges around the £30.00 mark a unlawful. There is a fantastic site that has the templates for the 2 letters you need to write, its easy and you don't need any other company to do it for you. please check out this website; www.thisismoney.co.uk and aslo try the "Which magazine" website for similar templates. Good luck and do it yourself., by the way by law you can claim for a maximum of 6 years charges.

Answer 2

I suspect strongly that this is a scam.

One of the first things they will want from you are your bank details!!!!!!!!!! Don't give them!!

Yes, you can claim back unfair bank charges. The banking ombudsman has told the banks they must reimburse customers who complain they have been over charged. In short banks cannot charge more than the administrative costs of going overdrawn, so they cannot be making a profit out of it!

Go on line and search for the info and ignore people on here who don't know what they are talking about.

Answer 3

You can actually do this yourself. Ask your bank for details of your bank charges over the last six years. You can then claim back any charges made for you going over your overdraft or for bouncing cheques. Banks are not supposed to profit from situations like this, and from the £25 - £30 they charge you, only about £5 covers the cost of admin. You are entitled to all the excess money back. Some banks can get funny about you claiming, and you may even have to go to a small claims court to get the money, but you will get it back.
You can use these companies that advertise thier services, but why py them for something you can do yourself.
Go to www.thismoney.co.uk/bankcharges for full details of how to do it yourself.

Answer 4

you CAN do it yourself.

There are a few places to find out about it but the basics are:

The bacnks are imposing a penalty - which their not allowed to do. They can only recover costs.

- request 6-years worth of bank statements (a charge of around £10 or so)
- go through them and tally up exactly how many charges you've had and to what value.
- write to them to tell them you are claiming it back as they are doing this contrary to the Unfair Terms in Consumer Regulations 1999
- also mention that In addition you believe that their charges are a Penalty. Penalty charges are irrecoverable at common law. The precedent for this was Dunlop Pneumatic Tyre Ltd vs. New Garage and Motor Co Ltd [1915] AC 79 along with Murray vs. Leisure Play [2005] EXCA Civ963. It was held that a contractual party can only recover damages for an actual loss or liquidated losses. It is clear that their charges do not reflect any actual and or real loss.
- Furthermore if that if they fail to comply with (this) letter, you request without further notice a breakdown and proof of all costs involved, in regards to your actual or liquidated losses involved in any breach of contract to which these charges relate with hemselves, and that the charges reflect their true costs in relation to the said charges, and are proportionate to the charges levied on my account as defined Unfair Terms in Consumer Contracts Regulations 1999. Schedule 2(e).
- Therefore you require them to refund a total of (£???.??), representing the total, unlawful amount charged during the last 6-years.
- Also give them 14-days to respond.

They may write back dismissing this and saying your talking crap. Write to them again threatening to take them to a small claims court and that is usually enough to scare them into giving you the money. To go to small claims court will cost them more than settling with you out of court.

Be warned though, cases have been to small claims court and have been won, this will cost a few hundred pounds but the bank has to pay you that too when you win - on top of the other monies they owe you.

THEY CAN ALSO CHOOSE TO CLOSE YOUR BANK ACCOUNT!!!

I'd set up a seperate account ready to transfer over to incase they do this.

I'm doing this right now and claiming back around £700. I know people that have claimed back thousands. I'm with the Halifax and they have already sent me a letter saying i'm talking rubbish - my second letter has recently went to them and I am awaiting their response again.

Answer 5

Actually, you can do this yourself. Tot up all the charges for breaches of overdraft or similar over the last 6 years. Write to your bank and request (even demand) they reimburse you. They might wriggle but you have the law on your side now, so persevere. Of course, if (or when) they give you a refund, they may well close your account! There is also an organisation (to be found on the web) who will give you more specific guidelines and, I think, do not charge - although I may not be up to speed on that one. Anyway, do it yourself. It's cheaper and you should win.

Answer 6

Think about it - have you ever actually had an 'unfair bank charge'. I'm guessing if you are honest with yourself, the answer is no. The only 'unfair charge' in this case would be to give those scammers money. Hope this helps!

Answer 7

This is ABSOLUTELY true, banks have no right charging what they do, but you don't need a company to get these charges back for you, you can do it yourself, go to the address below you will find out EVERYTHING you need to know.
lots of luck :)

Answer 8

you may desire to take an action and reslove the issue. reducing up the cardboard and burying your head in the sand won't help. The debt amassing employer will bypass your info to credit status companies, and which will do a lot of harm. at first, touch your financial corporation in writing, pointing out that the charges have been unfair. deliver the letter via Recorded transport, just to teach how severe you on it. on your letter, do no longer forget to assert, that if the financial corporation fails to be sure the issue, you will take the issue to FSA (financial amenities government). That regularly facilitates. I had an prolonged status issue with my financial corporation as quickly as, however the mere point out of FSA speeded each little thing up miraculously and the financial corporation had to cough up the money. in the event that they nonetheless refuse, then you definately might desire to charm. lots of the banks education a methods to refuse ALL first time claimers, regardless of ways unfair their quotes have been. yet take my suggestion, in case your financial corporation can teach that the charges have been valid, and refuse to bypass into opposite, then that it relatively is extra appropriate to pay up than to have a spotty credit status. and regardless of in case you may pay, do no longer pay extra suitable than the preliminary sum. yet do no longer provide up in the previous you have tried everyhing. shop writing and complaining. I had an poor journey of paying £one hundred eighty to the financial corporation for being overdrawn for £4! or maybe that overdraft became into the financial corporation's fault, it became right into a cost for the provider they tricked me into signing! If I knew then that i might desire to ***** and get my funds lower back, i might. stable success!

Answer 9

I would ask the local Legal Aid Society and also see if the company is listed with the Better Business Bureau.

Answer 10

it is good to be suspicious but for the cost of one bounced check maybe you get 75% back. if you play poker you are getting 4 to 1 on your money so you must make this bet. my guess is it is true but all your bank charges are "fair"