bank charges

[Davman2005]

I have heard many people talking about recovering bank charges does anyone have any info?

[jennyp]

http://www.theanswerbank.co.uk/Money_and_Finan ce/Question298695.html

[Ethel]

http://www.moneysavingexpert.com/cgi-bin/viewn ews.cgi?newsid1141050760,24632,

Everything you need to know, and a forum for this very subject.

[jennyp]

Sorry meant to type more than above - you can get 6 years worth back - if you are skeptical, click on to forums, scroll right to the top of the page on the site, and check out Bank Survey Results. And before any one comes and says banks are giving back as gesture of goodwill - yeah right �3.7 million given back already on just one site - I don't think so. My favorite topic at the moment!!!!!!!!!!!!!!

[jennyp]

http://www.consumeractiongroup.co.uk/ its endorsed by Ethels site.

[Ethel]

If you intend to do this, open another current account first.

It is highly likely that the bank will, after refunding any monies, give you the required notice and close your account.

[jennyp]

That's correct, but usually seems to take a while, normally they refund the charges, and give you 30 days to close your account. There is also a list of parachute accounts on consumer action group. I am in process of claiming for my daughter at the moment - hopefully will take about another 4 weeks. You can get charges back from credit cards as well.

[PinkFizz]

Hi everybody.I have written letters this week to one bank with barely any money in now,and to credit cards that I no longer use.My regular accounts i won't write to just in case they do close the accounts.Am very curious as to whether they will indeed refund me any money!

[jennyp]

Hi Pink Fizz. You will get your money back, providing you do it correctly, and don't let the banks etc fob you off - which they will try several times. Did you send off the Subject Access Letters, and enclose your �10 with them, and send them recorded, as then they can't get lost. The amount at the top of the consumer action group of people getting their money back has risen to �5.6 million !!!!!!!!!!!!!!!!!!!!!!

[jennyp]

Should have added there are one or two that have not succeeded, but only because they did not follow the correct proceedures.

[Davman2005]

Are we saying that this is only worth doing if you are trying to claim loadsamoney back?

I have been charged around �200 in two years I would estimate!

Cheers

[Ethel]

It's worth doing no matter how much you have been charged.

�25 or �25000.

[jennyp]

The amount doesn't matter. I've read threads of people claiming just one or two charges, and the most I read of was about �11,000 - gulp. Do read the threads on CAG, they will certainly inspire you to claim it all back. My daughter is claiming about �300 back, and we have just sent Letter Before Action - next step is filing at the court. She doesn't have to pay court fees, as she is on benefit, but if you have to pay, you can do it on line. You also get your court costs back, and 8% added on top from the date they took the money from your account. The banks usually say they are going to defend, but then the money mysteriously appears in bank accounts - no admission of liability !!!!!!!!!! If the banks could defend the charges, they should have done so by now - save all the farce.

[jennyp]

Don't you think its empowering people to get back in sync with their finances Ethel?

[meltoadhall]

week before last i got over �2000 back, using the consumer group website. and my account is still open.
they give you step by step info on how to do it.
go for it, its not how much but the fact that its your money that is most important

[jennyp]

I'm so pleased that you got your money back - hopefully now more people will get their charges back.