that it is illegal for banks to take bank charges,from your account is this true.
2007-02-25 23:36:46 · 21 answers · asked by LYNDA M 5 in Society & Culture ➔ Other - Society & Culture
They can do it.. But they must prove that the charge they have took off you is only the administration charge that they used to correct it... Any bank will charge between £20 and £50 per each overdrawn direct debit.. which they can do.. Until you raise the question on whether the charge is viasable..
I am currently at war with my bank over many overdrwan issues and got all my info off the internet.. There are many many sites to help with this...
I found this one usefull:
http://www.penaltycharges.co.uk/main_bank_charges.php
Write to your bank with bank statements to back you up that you don't think they are sufficient charges
Here is links to the letter you should write:
http://www.govanlc.com/step1_letter.html
Good luck
Hope you get your money back.. as do I for me!
xx
2007-02-26 00:42:49 · answer #1 · answered by *BURNY* 5 · 0⤊ 0⤋
Banks seem to be getting tough and they should remember what goes around..i had a letter this morning doesn't affect me but I'm sure it will some folk /if you draw cash from your bank with your card you have a limit of half of what they have allowed you to use your card when purchasing items and they go on to say it will stop people overspending// Lynda the banks can stop bank charges but they cannot stop a large amount without your knowledge
2007-02-26 00:02:31 · answer #2 · answered by srracvuee 7 · 0⤊ 0⤋
No, they can take out their charges as they wish, and they do so on a priority basis.
For instance, my bank takes out all withdrawals from your account FIRST, then adds up your deposits. So if your deposit is made first thing in the morning, then a check comes through, the check bounces because the deposit doesn't hit the bank until that night, despite what they tell you in their ads.
But they cannot charge you more than what is stated in their statements.
2007-02-26 00:02:48 · answer #3 · answered by arewethereyet 7 · 0⤊ 0⤋
im not sure i heard the same thing the other day. someone told me to type in illegal bank charges on your search bar-although i havent done it yet! i think some charges are illegal-for example i pay for things on my debit card and last month i bought a load of new clothes then after 2 days went to the bank and saw i had a hundred pounds left which i took out. turned out that all the charges hadnt gone through. the bank tried to charge me for going overdrawn and i rang them and told them that because its a debit card you are not supposed to be able to spend money you havent got and if they insisted on charging me for the this i would have no hesitation in closing my account and going elsewhere, leaving them with the hundred pound debt. they didnt charge me.
2007-02-25 23:44:54 · answer #4 · answered by louie3 4 · 0⤊ 0⤋
no it's more complex than that, put unfair bank charges into google and you will find a number of articles that tell you when and how to reclaim 'unfair' bank charges. It's to do with the banks are not supposed to be allowed to make profit from charges. About time they stopped ripping us off.
2007-02-26 00:33:20 · answer #5 · answered by Sarah H 3 · 0⤊ 0⤋
No. However those charges are not allowed to be punitive. Ther was a recent survey that estimated the true cost for a bank to 'bounce' a direct debit was£4.50 and not £30. And that was a generous estimate.
2007-02-25 23:43:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No. But they are not allowed to take "unreasonable" charges from your bank account.
That's what the current debate is all about now - What is an unreasonable Bank Charge?
2007-02-25 23:40:30 · answer #7 · answered by Valmiki 4 · 0⤊ 0⤋
It is only legal to take charges which reflect the actual cost incurred by the bank, but this is still in dispute by the banks!
2007-02-25 23:40:47 · answer #8 · answered by norm c 3 · 0⤊ 0⤋
There has been alot about bank charges on the news and tv lately, i dont think its illegal but as far as i know you can claim your charges back if you ask the bank to prove why they have charged you £30 etc for sending you the letter, they obviously can not justify this and will end up giving you the money back..
Have a read about it on these sites-
http://www.gm.tv/index.cfm?articleid=21859
http://www.gm.tv/index.cfm?articleid=23595
2007-02-25 23:47:53 · answer #9 · answered by Bobby J 3 · 0⤊ 0⤋
it is not illegal but you can challenge your bank if you think you have been unfairly charged. I was charged for going £2 overdrawn when my wages were due to clear that day and I got my charge refunded.
2007-02-25 23:40:22 · answer #10 · answered by entertainer 5 · 0⤊ 0⤋