Unuathorised Bank Charges
 

http://news.bbc.co.uk/1/hi/business/7362856.stm

The verdict on the banks have acted accordingly comes out today. I've got £200 riding on this :shaking:


Nationwide:
£30 for a refused direct debit (where's the work involved here?)
£20 for unauthorised overdraft (for the sake of £2)

Re: Unuathorised Bank Charges
 

i have about 2k waiting on this result

Re: Unuathorised Bank Charges
 

http://news.bbc.co.uk/1/hi/business/7364422.stm

They lost!! :thumbsup:

Bad time for banks at the moment ;) Glad their greed has caught up with them

Re: Unuathorised Bank Charges
 

Alliance & Leicester have already changed their policy on this. But they have made it worse for people who dont spend unathorised money.

Always been of the opinion that its not your money, you shouldnt have spent it, so expect to be penalised.

Aparently though this ruling wont mean banks have to pay everyone back, just that they have to change their ways from a set date, so i wouldnt expect a ton of money to be coming your way anytime soon.

Re: Unuathorised Bank Charges
 

+1.

Abbey National have been charging me £25/month (plus interest) for the last 18 months or so. I put in a complaint as I'd closed the account, and the error is their miscalculation when I closed it.

I got a letter back saying the claim was on hold.

Looking forward to the result of this case, even if it just means Abbey National stop sending me demand letters for money I don't owe. Even if I have to pay them £5, I couldn't care less, but I'm certainly not paying more than that.

Re: Unuathorised Bank Charges
 

But it is illegal to impose a fine, which is what it is. If I put in a contract that if you fail to pay me back some money I lended to you I can run you down, and then act on that I am still breaking the law. Hopefully the OFT will rule that it needs to be refunded, or at least a substantial percentage. Targeting those with little money with an illegal money-grabbing system that leaves them more vulnerable to debt is wrong on many many levels.

Re: Unuathorised Bank Charges
 

I think I may get back around 500 smackers. Which will be most welcome.

Re: Unuathorised Bank Charges
 

Banks have had their bread buttered on both sides for far too long. So high-handed and arrogant. Pride comes before a fall.

Re: Unuathorised Bank Charges
 

I have about 10 - 15 instances over the past 5 years of the below situation.

I go over my overdraft by mere punds or pennies. Never more than, say, a tenner. Abbey charge me £20 for going over my overdraft, and £30 for authorising whatver payment it was that made me go over. In most cases I have squared my account up the same day. So, £50 charge for going less than £10 overdrawn for a period of less than 24 hours. Nothing about this is just. :smt013

Re: Unuathorised Bank Charges
 

I hate banks