I have been claiming back bank charges for five of my friends (voluntarily, just because I have more time than them). Two of them have got their money back (Halifax & Abbey) and three of them are ongoing (Lloyds TSB).
The problem I have is with the interest which has been charged for unauthorised overdrafts. One of my friends has an agreed overdraft, however, she has sometimes gone over that agreed limit, sometimes her fault and sometimes due to applied charges.
My question is, how can I work out the difference between the interest charged which is legal and that which is not.
I would be grateful for any help anyone can give me.
2007-03-17 00:04:06 · 2 answers · asked by mollysadler 3 in Business & Finance ➔ Personal Finance
well with my charges that i am claiming back the interest for a normal overdraft will be on statements as FEE other charges for going over the over draft is on my statements as overdraft excess charge
if that makes any sense
2007-03-17 00:09:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well most of the penalty charges cost around £4.50 to the bank, anything above this is obese. Now under the freedom of information act, the bank should be able to give you the information you need, to judge the overpayment.
http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1141050760,24632,
2007-03-17 00:10:15 · answer #2 · answered by My name's MUD 5 · 0⤊ 0⤋