to file a court claim for the charges, before the banks will pay up. However, to date, the banks have failed to defend any court action taken against them to reclaim the fees. This is because they would find it extremely difficult to prove that their actual loss Bank charges in the UK are so high that many have claimed them to be unlawful. Banks often charge between ?25-?40 if someone falls into an unauthorised overdraft situation. Many charge this amount every day you are in overdraft, and charge a similar amount for every cheque, direct debit etc they do not pay and also for letters they send you to inform you of your position. The effect of these charges can worsen your overdraft, meaning even more charges will be added to your account. This is thought to be grossly unfair.

Bank charges are thought to be disproportionately high to the actual cost of the bank to administer your overdraft. Any charge over and above the actual cost of the action is deemed to be a financial penalty. These penalties are unlawful in non-negotiated contracts, such as the terms and conditions of your bank account. It is possible to reclaim up to six years bank charges, if they are deemed unlawful

Thousands of people have already reclaimed millions of pounds of unfair bank fees from their banks. Most have had to file a court claim for the charges, before the banks will pay up. However, to date, the banks have failed to defend any court action taken against them to reclaim the fees. This is because they would find it extremely difficult to prove that their actual loss f

ry cheque, direct debit etc they do not pay and also for letters they send you to inform you of your position. The effect of these charges can worsen your overdraft, meaning even more charges will be added to your account. This is thought to be grossly unfair.

Bank charges are thought to be disproportionately high to the actual cost of the bank to administer your overdraft. Any charge over and above the actual cost of the action is deemed to be a financial penalty. These penalties are unlawful in non-negotiated contracts, such as the terms and conditions of your bank account. It is possible to reclaim up to six years bank charges, if they are deemed unlawful

Thousands of people have already reclaimed millions of pounds of unfair bank fees from their banks. Most have had to file a court claim for the charges, before the banks will pay up. However, to date, the banks have failed to defend any court action taken against them to reclaim the fees. This is because they would find it extremely difficult to prove that their actual loss

Bank charges are thought to be disproportionately high to the actual cost of the bank to administer your overdraft. Any charge over and above the actual cost of the action is deemed to be a financial penalty. These penalties are unlawful in non-negotiated contracts, such as the terms and conditions of your bank account. It is possible to reclaim up to six years bank charges, if they are deemed unlawful

Thousands of people have already reclaimed millions of pounds of unfair bank fees from their banks. Most have had to file a court claim for the charges, before the banks will pay up. However, to date, the banks have failed to defend any court action taken against them to reclaim the fees. This is because they would find it extremely difficult to prove that their actual loss

acts, such as the terms and conditions of your bank account. It is possible to reclaim up to six years bank charges, if they are deemed unlawful

Thousands of people have already reclaimed millions of pounds of unfair bank fees from their banks. Most have had to file a court claim for the charges, before the banks will pay up. However, to date, the banks have failed to defend any court action taken against them to reclaim the fees. This is because they would find it extremely difficult to prove that their actual loss

to file a court claim for the charges, before the banks will pay up. However, to date, the banks have failed to defend any court action taken against them to reclaim the fees. This is because they would find it extremely difficult to prove that their actual loss for sending you a computer generated letter about your overdraft cost them ?35. Also, if they lost such a court case, then the flood gates would open for claims against the banks, and their lucrative charging structures would be doomed. Banks in the UK make over ?4.5bn per year profit from these penalty charges.

At present the Office of Fair Trading (OFT) is investigating the level of bank charges in the UK. They are due to issue their report soon and are expected to demand that the banks cut their charges to a lower, fairer value, or face court action against them from the OFT. Last year the OFT ruled that credit card companies had to reduce their fees to a maximum of ?12 for any breach of contract by the customer. They have until 30th May 2007 to comply or face the courts.