From Martin Lewis the money saving expert
(Get your facts straight Lewis)
In April, the Office of Fair Trading will give its opinion on the appropriate amount for bank charges. My guess is it'll be £12, though the banks predict higher and I think it should be lower. The banks will be under huge pressure to drop charges across the board, and will probably fall into line. This won't stop people reclaiming past charges, however banks may only offer the difference between £12 and the amount you were originally charged (e.g. £35 - £12 = £23). If you don't accept it, the risk they may defend in court for the first time, citing the OFT ruling, is a tiny bit higher. To avoid all this, reclaim now!
Subscribe to:
Post Comments (Atom)
1 comment:
This is just not true.
When the OFT decided on the £12 credit card charge it did not change how much you can reclaim.
It will only make a diference if you go through the Financial Obudsman. just because the OFT say that £12 is the maximum they can charges, does not mean it reflects the true value of the charge. Untill the banks disclose exactly how much it does cost them you will be able to continue to reclaim 100% of your charges back through court
Post a Comment