Overdraft charges...what now?

[Cigaro]

https://news.bbc.co.uk/1/hi/business/7364422.stm

So they have until the 22nd of May to appeal, and if they don't then that means people can claim back overdraft charges.

Now this is interesting for me because I owe the Abbey National £250 of overdraft charges. I paid back the money I owed them outright, but when the charges came in I decided to stop using the account, so they mounted up (interest, further overdraft charges for going overdrawn when the first charges came in, etc).

Obviously this will mean that I no longer owe them this money, but quite a while back I run up another set of charges (about £100) which I actually did pay. What are my chances of claiming this back as well? Considering that I've been in debt to them for so long over the second set of charges that is.

*is looking forward to being debt-free and £100 better off...*

[instigator]

Looks like you and many others have to play the waiting game.

My work colleague is looking to claim back roughly £7000 in bank charges.

[iooi]

You need to register your claim with them. Or once again you will be getting charged if you go over your limit.

Don't think this is going to be settled this year, pretty sure that the banks will appeal, as the judge did back their side of the case to a point.

Remember this is not about stopping charges only the OFT thinking the amount charged is unfair.

So you will still owe something.....


Oh and kiss good bye to free banking in the future..
____________________
Just because my bike was A DIVVY, does not mean i am......

[Tarmacsurfer]

[JonB]

Rest assured the banks will find a way to claw back the money through other means.

At the end of the day it's gonna hit all of the people who actually manage to stay within their overdraft limits.
____________________
Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[Itchy]

You read it wrong the banks haven't lost yet the ruling only says that the OFT can actually make a ruling on this thus the actual test case hasn't actually occured yet.

Did anybody say Moral hazard?

you seriously don't want a banking system like HK , where ATMs do everything , you get charged for using cheques , paying money in , not having at least 10,000 in credit in your account at all times AND to boot you get 0.001% interest, with "HIGH" interest accounts paying 0.002%.
____________________
Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[Wiggy]

[iooi]