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2007-08-09 21:06:49 · 8 answers · asked by RachLA 2 in Business & Finance Personal Finance

8 answers

Have a look at my site below, which has full detailed step by step guides to claiming your charges back, along with template letters and spreadsheets, and forums for one to one help and support.

So far the site has helped many people get back thousands in charges from a range of banks and building societies!

Unfortunately though, there is currently a hold on bank charge claims whilst the OFT bring a test case to the High Court, to determine if bank charges are unlawful once and for all.

The estimated date for the test case is mid Jan / mid Feb 2008. Its not known how long the case will last for, and whether there will be appeals or not by the losing party. However, the current hold has been set for 1 year, and its expected the case could go on longer than this.

However, it is still a good idea to put in your claim now. You can claim back for 6 years worth of charges, and if you put in your claim now it "locks" the date, so you can claim back to August 2001 when the hold is lifted. It will also ensure that your claim will be dealt with as fast as possible once the hold has been lifted.

All you need to do at this stage is to write to the bank asking for your charges back (you can lose the template letter on my site above). The bank have to log this, and will respond within 5 days, to say the claim is logged but on hold. You must send your letter by recorded delivery.

The next step is to write to the bank asking for copies of your charges or statements for the last 6 years so you know how much you can claim back. Again full guides are on my site above. The banks have to do this still as its covered by the Data Protection Act.

Once you have the figures is a case of sitting back, as you can do nothing more until the results of the test case.

If the OFT win, it will make it much easier to get your bank charges back in future. However, if the Banks win, unfortunately it will mean the end of bank charge claims.

2007-08-10 06:04:27 · answer #1 · answered by Anonymous · 0 0

I am in the early stages, with 4 more days for them to reply to a letter, but am worried because I think all claims are now on hold. I wanted to do this about 3 years ago, before everyone started, but delayed purely from laziness because I couldn't be bothered to dig out all the statements and letters etc. That delay has probably cost me dear now. Also at that time 3 years ago when I told the Bank I was dissatisfied with the way they were handling my account because I had been complaining for ages about the charges when I had always kept them uptodate of what problems could be arising on my account, I told them I would take the matter up with the Ombudsman. That's when THEY took action by immediately closing both my accounts which caused great financial hardship and made it impossible for me to get another ordinary checking account with another bank. 3 years later, still trying to rebuild credit damage Barclays caused me.

2007-08-09 22:54:08 · answer #2 · answered by Anonymous · 1 0

No, but currently the big banks are taking going to the high court to get the penalty charges checked. They will not be paying any charges back until after this case has been heard.

Plenty of people have had their overdraft etc. charges paid back, but you become a Persona non Grata at that bank. You'll need an account at another bank created first.

2007-08-09 21:14:48 · answer #3 · answered by Pat 5 · 0 1

Yes i have tried to re-claim from Barclays and i received a letter on Tuesday telling me my claim has been put on hold pending the test case that is now going on. I have been told this will take at least 1 year. I only wish i had done a couple of months ago when i was 1st going too but i only got round to it in June, now it is 2 late everyone has to wait god knows how long.

2007-08-09 23:25:15 · answer #4 · answered by claire 4 · 0 0

My son asked about 3 months ago and got them returned straight away...However I have been trying with the Lloyd's TSB without being able to resolve. They have now said that the FSA are going to court and it could take up to a year to resolve....I spoke to the FSA and the Ombudsman and have identified that there is a clause under hardship as stated in the banking code that as long as you can prove the bank must continue dealing with the complaint. Loads of advice on line just do the standard letter and get the complaint registered with the bank to start the process....

2007-08-09 21:23:51 · answer #5 · answered by valf 4 · 0 0

No I haven't, but if your thinking of starting to claim your bank charges back - might be worth checking out www.moneysavingexpert.com - there should be the latest on that site - due to OFT (Office of Fair Trading) holding a test case for bank charges - last thing I knew all new claims are on hold until this is done.

2007-08-09 21:11:12 · answer #6 · answered by simon_latham 2 · 0 0

We will know in a few weeks if the court decides it can or cannot be done anymore

Have a new account with another bank as some of them will hit you hard in revenge, ie demanding your overdraft be paid in full right now

2007-08-09 21:17:48 · answer #7 · answered by Northern Spriggan 6 · 0 0

Yes I have..No it did not go well at all they wanted to see my statements going back months and if i did not have them then they could provide copy's, at a price of course.

2007-08-09 21:29:26 · answer #8 · answered by Anonymous · 0 1

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