I`ve just returned from England (it was bloody horrible there) where I learnt something very interesting from my son-in-law.
For years the banks have been applying extortionate penalty charges
According to Which! 1 in 5 people are affected by charges imposed on their bank accounts by their bank for failing to pay Direct Debits, Standing Orders and Cheques.
Further to this, they also impose charges for going over your overdraft limit - sometime, a charge for each day you are over your limit.
The Banks often say that these charges are intended to compensate them for their loss. However many people believe that they are far higher than that. If this is true then the charges are dispropotionate penalties and are invalid.
These charges can be crippling for some people.
Visit
http://www.consumeractiongroup.co.uk to find out how to reclaim any disproportionate penalties.
It doesn't matter if you have been charged £30 or £5000.
If you have had any of these types of charges on your account within the last 6 years, visit:
http://www.consumeractiongroup.co.uk.
My son-in-law has just received a cheque for £972 from Capital one Bank (they gave in easily), and is now waiting for £1,200 from NatWest.
None of the Banks will contest a claim through the courts as they don`t want to set a precidence.
Get claiming , it may pay for your next holiday.
Crabbit
