obscure
18-07-2007, 09:37 AM
I just read this short article in a business newsletter I receive and thought it may be of some interest to people as I'd not thought about it applying to business accounts aswell as personal...
:) Sadie
Reclaiming unfair business bank charges
--------------------------------
In recent months the issue of claiming back unfair bank charges has been a hot
topic. Tens of thousands of people have now successfully reclaimed millions of
pounds in penalty charges from their bank.
But, until now, there hasn't been much publicity given to business bank
charges. It's a shame because there is no doubt that there are thousands of
businesses out there that could reclaim many unfair bank charges.
We may have grown accustomed to paying hefty penalties for going overdrawn or
missing payments but the law states that the sum charged by the bank must
reflect actual costs incurred and not exceed damages the bank suffered due to
the breach of contract.
In many cases, businesses are charged £20 or more for exceeding a limit or
bouncing a payment. If the real cost to the bank, of this breach, is only a few
pounds then it's believed that this charge is unfair.
The good news is that it's possible to claim back all unfair business back
charges for the past 6 years, plus interest. To start the process of
reclaiming, sit down with your bank statements for the last 6 years, tot up all
those unfair charges and write a formal letter of complaint to your bank. They
may cough up straight away or they might take the, "see you in court" attitude.
If you think you can claim back charges but don't want to waste your own time
pursuing it, there are companies that will do it for you on a 'no-win, no-fee
basis'. One such company is Claims Financial
:) Sadie
Reclaiming unfair business bank charges
--------------------------------
In recent months the issue of claiming back unfair bank charges has been a hot
topic. Tens of thousands of people have now successfully reclaimed millions of
pounds in penalty charges from their bank.
But, until now, there hasn't been much publicity given to business bank
charges. It's a shame because there is no doubt that there are thousands of
businesses out there that could reclaim many unfair bank charges.
We may have grown accustomed to paying hefty penalties for going overdrawn or
missing payments but the law states that the sum charged by the bank must
reflect actual costs incurred and not exceed damages the bank suffered due to
the breach of contract.
In many cases, businesses are charged £20 or more for exceeding a limit or
bouncing a payment. If the real cost to the bank, of this breach, is only a few
pounds then it's believed that this charge is unfair.
The good news is that it's possible to claim back all unfair business back
charges for the past 6 years, plus interest. To start the process of
reclaiming, sit down with your bank statements for the last 6 years, tot up all
those unfair charges and write a formal letter of complaint to your bank. They
may cough up straight away or they might take the, "see you in court" attitude.
If you think you can claim back charges but don't want to waste your own time
pursuing it, there are companies that will do it for you on a 'no-win, no-fee
basis'. One such company is Claims Financial