Record penalty bank charge claim
A business man from Norfolk has just made his bank pay £35,987.94 in unlawful charges.
He said a big thanks to stubsy for his Advice on reclaiming bank charges
Hee hee not really
His bank decided to send a cheque for £35,987.94 rather than face him in court, where the U.K Bank would have had to justify its unlawful fees.
The Norfolk businessman, had challenged his bank (NatWest) over £26,010 worth of unlawful charges he racked up between January 2001 and February 2003 - that is an of average of £250 a week in bank charges. The fees were mainly for cheques and direct debits that bounced. He also claimed £10,280 interest and £400 costs.
NatWest said it was settling the case only because its legal costs were becoming too big!!
Did you know UK banks have made £3.5 billion out of unlawful penalty charges.
How long can this continue, how long are these banks going to keep trying to rip us off for?
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Jay:
not a 'businessman' that I would like to to business with if he is bouncing that many cheques on a regular basis...
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