bank charges

[stephen2504]

if bank charges are high and people are successfully claiming them back why are banks still charging the same amount

[Ethel]

Many banks and credit card companies have reduced charges to �12, from �30 or more.

[Kathyan]

Because it's never been challenged in court and the banks have not been ordered by the OFT to reduce their charges. It was on the news on Friday that a newly qualified barrister is taking his bank to court regarding these charges. If he loses he will be bankrupt and lose his job!

[bensmum]

Isn't the barrister trying to sue the bank for damages as well? I seem to remember it saying on the news that he has been offered repayment of his charges.

[Oneeyedvic]

He raked up around �5000 worth of charges and the banks (eventually) offered him �4000 (�2k compensation) - he declined.

Personally I think he will lose his case - in my mind he is acting unreasonably.

[stephen2504]

i went over my overdraft a couple of weeks ago and was charged 30 pound with lloyds tsb

[hockey12]

We too went over our Lloyds TSB overdraft recently by �1.29 and were charged �30. I wrote to them saying I thought the charge was unreasonable. It has taken them 4 weeks to look into this but I recieved a letter today stating that it would be paid back into our account today.