Keep claiming those bank charges
May 18, 2007 by admin
Filed under News, News-Banking
Customers should continue to trying to claim back unauthorised overdraft charges from their banks despite a recent court ruling.
Birmingham County Court found in favour of Lloyds TSB in a case against Kevin Berwick in which he was trying to claim back £2,545 in charges.
The case does not affect other rulings as County Courts cannot set precedents, however, the fear is that banks will become more confident in turning down people who seek compensation.
Despite this, Which? says that people should not be put off from claiming and should remain confident that they will get some money back.
“This news must not deter people from reclaiming their bank charges,” said Emma Bandey, personal finance campaigner at Which?
“People shouldn’t be scared or worried about continuing with their claim or indeed starting one. We have now had over 387,000 downloads of template letters from the Which? website.
“It’s such a simple process. Keep reclaiming those charges and if you experience any problems, go to the Financial Ombudsman Service,” she added.
Some industry figures have warned that we could be about to see the end of free banking as banks look to recover the money lost through charges.
