"Bank charges reclaiming still possible – but not easy!"
Most people will have suffered a charge form their bank at some point in their life for missing a payment deadline, exceeding an overdraft limit or attempting to make a payment without having the cleared funds. A few years ago, people became aware that if they stood up and made a challenge then bank charges reclaiming was entirely possible. Suddenly, penalties of £25, £30 and £35 for simple errors or mistakes by consumers was highlighted as scandalous and embarrassed banks allowed claimants to reclaim bank charges to avoid further unpopularity. However when it became apparent that the banks would lose a fortune if they allowed bank charges reclaiming to continue, the banks defended their right to excessively charge people and the Supreme Court awarded in their favor. For many people attempting to reclaim bank charges at the time, this appeared to be a fatal blow and the vast majority of claims were withdrawn or left incomplete.
UK Money Solutions are actually still able to reclaim bank charges on behalf of our clients in certain circumstances and would encourage anybody who has suffered excessively to contact us for free on 08000 748 059. bank charges reclaiming has certainly been made more complicated by the court's decision; however in cases where people have suffered financial hardship we can put forward an argument in order to reclaim bank charges for our clients. Other factors that could result in a successful bank charges reclaiming attempt would be that the charges could be disproportionate, for example an overdraft limit exceeded by £1 resulting in a £35 charge, or what's known as a ‘snowball effect' which is a cycle of charges upon charges. If your situation fits in with the criteria above then contact UK Money Solutions immediately to reclaim bank charges because we do not charge upfront fees and our message is simple – bank charges reclaiming is still possible so if you don't claim – you lose, they win.
Questions and Answers
Bank Charges are one of the major sources of income for banks. All banks impose charges on certain failed transactions e.g. a bounced cheque, exceeding overdraft limits, returned direct debits etc. Indeed, banks are allowed to impose charges that reflect the amount of work undertaken by administrative staff in certain situations such as customers going into the red or handling a cheque which cannot be cleared due to insufficient funds in the account.
The unfair bank charges levied by the banks on your accounts over the last few years must have left you bewildered. The banks may charge money from your account under various heads for the services they provide. Red Kite offers professional help to reclaim unfair bank charges.
The banks in the UK are creaking under the demands of thousands of angry customers to refund all penalty bank charges levied on them for the past 6 years. This is now a mass media news item and if you have had high bank fees levied on your account, you should continue reading to find out how to demand a refund of them.
It is very important to shop around prior to initiating an account and one of the the most important things that you definitely should look at; is the various charges that can be issued. A large percentage people neglect to look at all the fine print and simply go for the shiny perks such as CD's instead. You should to examine your bank account intensely because if you fall foul and become overdrawn, then there is a chance you will end up paying for every purchase that is made throu...
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