64% of Brits won’t reclaim bank charges
March 26, 2007 by admin
Filed under News, News-Banking
Despite headlines that Brits can reclaim bank charges, many are failing to do so for fear for being rejected by their bank or having their accounts closed. 
Many consumer struggle with banking charges which mean a penalty is put upon on those who spend more than their overdraft limit and many people are now due a refund.
But a survey by Which? shows that up to 64 per cent of Britons are delaying approaching their banks.
Over one-fifth told the consumer group that they had not written to their bank or asked them about the fees because they “fear how their bank would react”.
Emma Bandey, Which? personal finance campaigner, said: “It can’t be good for the banks’ image that so many people found them less than helpful.”
Recent figures show that 85 per cent of those who have launched a claim against their banks have been successful in reclaiming at least a part of their fee.
Those banks which are most feared in terms of reprisals such as closing bank accounts are said to be Nationwide, HSBC, Alliance & Leciester and Abbey.
