I was reading an article today about unfair bank charges and our legal standing.
Apparently the excessive charges banks make, such as £20 to send a letter, £20 for going over an overdraft limit, £30 for paying a bill when there are not enough funds in your account, and overdraft interest charges, are unlawful under the "Unfair Terms of Consumer Contracts Regulations 1999" charges act, and must reflect administration costs and cannot be punitive.
Have any of you ever tried to claim back such charges from your banks and if so were you successful?
Apparently you can claim back up to 6 years worth of such charges so I may go back through my bank statements and see if I can claim anything back.