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Posted on October 22, 2009 by Rich Lindsay | Posted under Personal Finance
The bank charges fight back continues and here’s how you can join in
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Listen you need to to assess your bank account fully because if you fall foul and become overdrawn, then you may end up paying for every spend that is made through the account. The most common fees include overdraft charges, charges for dealings involving cheques and charges for removing money. However, remember that: there's no need to sit and take it. Stand up, and battle against the tyranny of the banks and lenders in Great Britain and against the unfair PPI charges. Only now have allegedly depended upon people have taken their consumers for an expensive ride and gone unpunished, no other organisation could avoid penalty. But finally the City establishments in the UK are experiencing the wrath of the loyal annoyed patrons they over-charged. Now, consumers are getting their bank charges back because the Office of Fair Trading and FSA are toiling beside other authorities and finding banking institutions guilty of imposing ridiculous bank levys. This has lead to a group of millions of banking victims all fighting together to get their unfair fees reclaimed. Remember, for an occurrence such as a late payment, unauthorised overdraft use or some other trivial mistake, lenders have charged consumers dizzying charges for a number of reasons that mostly are deemed unjust. Victims who already claimed their back charges may be an inspiration for you though you should consider this; there are some other bank levys that you need to keep on your radar. These include levys for getting borrowing facilities, foreign banknote exchange, going overdrawn on cheques or penalties to cancel a cheque that has been misplaced or robbed. The main consideration that you should do before trying to claim unfair back bank fees is to find out accurately what the fees are for. There are a number of Banking Institutions that use a standard levy for all their clients irrespective of the type of account that they use so you should do some research. A proven method used to single out the fees is to look over the last 6 months bank statements and compare what you find in each month. If the penalties on your statements vary from month to month then you will more than likely have one of the flexible tariff accounts which leads to the amount charged varying depending on the transactions and balance specific to the account. When it comes to claiming back ridiculous bank charges, if you are aware of the different fees that you are stumping up for, you will be knowledgeable enough to work out which ones are legitimate and which you should consider when making a bank charges refund. Remember, the most successfully compensated tariff claims are those that are well supported. If you are reclaiming unfair bank charges, one thing's for sure, there is a lot of bank tariffs guidance available at trusted websites regarding claiming your money back and here are a few useful tips on what to do: - Take a look at your account T's & C's - Talk to your bank manager and ask them on the penalties - NB. It is possible to make no win, no fee claims with fair, claim specialists - Fundamentally: Know it is your right to battle to recover your unfair fees back. After the initial investigation work and you are aware that your bank unfairly imposed fees on your account, the next thing that you can do is to start the claim yourself or get a claim Company to do it to prevent mistakes. About The Author: Rich Linsday is an expert in reclaim bank charges and has a keen interest in all aspects of the subject. |
Tags: RECLAIM BANK CHARGES, BANK CHARGES, UNFAIR BANK CHARGES
