The banks have been charging excessive fees for years every time we go over our agreed overdraft limit or do not have the funds to honour a cheque or a direct debit. Now you can claim this money back plus interest. We have helped hundreds of people reclaim thousands of pounds in charges dating back up six years.
The fundamental rule is if there's a breach of contract under English or Scottish law, any charge should not exceed the cost of the breach. That is to say, banks can only enforce charges which are proportionate to their costs
When you go beyond your agreed overdraft limit, you do not have the money to honour a cheque or direct debit payment, the bank charges a penalty of, on average, £30 to £35 a time. Is a charge of this scale really proportionate?
It is important to understand that this charge is actually the bank fining you for going over your agreed overdraft limit and this fine is too high. Consequently, under the law of penalties this is 'extravagant'. Does it really cost that much to send a computer-generated automatic letter with a franked stamp?
When you look at it like this, it is clear that bank charges are unlawful, and that means the bank did not have a right to take your money. We can help you get it back!
In addition, our past experience has led to the conclusion that in a large number of cases, banks will try to offer a lesser amount than the customer is due in the hope they will accept, and many do.
If you have already claimed your bank charges, how can you be sure you have got all the money you are entitled to? We have set up a department specifically to tackle this problem and make sure the banks are paying up. Our expert claims handlers can analyse all your statements and correspondence to see if the bank has indeed paid what is due. If we believe you are entitled to more money, we will handle the whole process for you. Click here to see if we can help you.
There are approximately 20 million policies already in force with annual gross premiums in excess of £5 billion. Premiums for PPI policies can add anything from 13% to 56% (CAB research) or more...
Were you mis-sold PPI?
Did the sale of your payment protection insurance follow the rules? Here's how to work it out, and what to do about it.
