Claim back bank charges now, before it's too late!
The courts have judged that bank charges are unfair and should be repaid in the initial case of the banks against the Office of Fair Trading.
Who is eligible?
Anyone who has paid any unfair bank charges, late fees or credit card charges in the last six years has the right to a refund and we can help you get it!
How can I claim?
Keypoint Claims is part of one of the UK's leading claimant law firms and have already claimed over £260 Million in compensation over the last few years.
Give us your details and we will do all the hard work for you. We have a lot of experience in this field and we could get all your bank charges refunded with interest. Please note we unfortunately cannot manage claims for Scottish accounts.
What does it cost?
The initial assessment is totally FREE and we only charge for successful claims. When you have your compensation, we will charge you 25% + VAT (subject to a £50 minimum) for our services.
click here to claim today!
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Bank Charges Refund Information
We all grumble about the charges we incur from our banks when we make even
the slightest error with our finances. Many banks charge £20 for a letter telling
you that you are overdrawn, £30 for missing a direct debit or bouncing a cheque
and £20 for late payment of your credit card bill. Well, in the majority of
cases these charges are unlawful and can be claimed back.
The Law Relating to Bank Charges
English law states that any charge a bank levies on its customers as a result
of a breach of contract by the customer must be proportionate to the actual
cost incurred by the bank as a result of that breach. What this basically means
is that the current bank penalty charges are too high. Does it really cost your
bank £20 to produce and send a generic letter telling you that your account
is 1p overdrawn?
BBC2's The Money Programme recently estimated (with the aid of several former
senior bank staff) the real cost of sending a computer generated letter with
a franked stamp at between £2.50 and £4.50. This means that a bank imposing
a £20 charge is making a profit of at least £15.50 every time you go overdrawn.
What Bank Charges Can I Claim Back ?
You can claim back any unfair bank charges, which the law would class as
a penalty, that you have accrued over the last 6 years. In some cases you can
even claim back the interest that you have been charged on the unfair bank charges.
Banks don't want to go to court as a trial could lead to a ruling that bank
charges are unlawful. This would lead to a flood of bank charges claims, costing
the banks millions of pounds. Another effect of going to court might be that
banks would have to disclose all of their internal cost structures, which they
don't want to do.
This being said, banks also don't want to give you back your bank charges.
They will make the process as drawn out and as hard as possible in an attempt
to deter claims. As with any David versus Goliath battle it pays to be prepared,
to be professional and to be persistent. Successful compensation claims can
take a considerable amount of time, effort and expertise.
Where Can I Get More Information and Advice About Unfair Bank Charges ?
We have collected together answers to some of the most common questions our
bank charges advice specialists are
asked here. Alternatively call us
on 0845 271 4004 where our staff will be happy to answer your questions.
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