O/T Bank Charges Ripoff

[ACE2M]

i've had an offer which i have rejected and waiting for them to come back with another.

My bank is a subsiduary of barclays who are apparently the hardest to get your money out of.

I have to admit that i went the lazy route and got a company who charge 20% inc vat because i'm just lazy.

I should have carried on and finished it myself as it is going to cost me a sizeable amount of money, i didn't realise just how much i had paid the robbing *****. Equivalent of nearly 3 months wages over 4 years!!!!

[dan]

Nice going ACE, 20% inc VAT does not seem too bad, do they to everything for you?

[ACE2M]

Nice going ACE, 20% inc VAT does not seem too bad, do they to everything for you?

yep. i signed the forms and off they went.

I will pm details later if you want them.

[totalise]

I did this, its appalling how the get the fees in, mine totalled £1271, and for 3 months running they charged £112 and my account was never overdrawn!

I sent them a letter on Monday recorded delivery to pay it in full or we were going to court, not heard anything back yet but half the time my phone is unplugged so they might have tried calling.

I also wouldn't advocate paying 20% to some ambulance chasing animal, theres a minute chance you wont win even if they did crack down on paying out, defo -ev

[dan]

totalise, i know what you mean about paying for something you are likely to win anyway is probably throwing money away but i just think that it could be worth paying the money just to avoid the hassel.

i have found a firm that charge 15% inclusive of VAT. i reckon at a guess over 6 years i might have paid £2k. Now to me i feel that money is lost, gone whatever. If i was to get any of it back it is a bonus. if someone said to me right here is £1700 of that £2k and you dont have to do a thing for it i would be more than happy.

For £300 it would mean i would not have to send any letters off requsting data, chase up any letters i have not had from them, submit a court hearing and attend court(although i realise most dont grt that far) but like i said im lazy.

[RichEO]

Martin Lewis put this up about a year ago, he has now added an interest calcualtor so that you can claim back the interest on the charges too

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1141050760,24632,

It has sample letters and the steps to take if they refuse to pay you, like threatening court action, taking court action and eventually sending the bailiffs if necessary.

Calcualte the interest and really screw the banks

[thetank]

Has anybody on here actually followed their claim to the end. ACE2M and suited jock seemed quite serious in claiming back their charges, if so have you had any luck guys?

Me, Clydesdale, they offered 70-80%ish of the total charges, I took it.

Took about 2 weeks after the statements came in. Well worth it.

[dan]

Has anybody on here actually followed their claim to the end. ACE2M and suited jock seemed quite serious in claiming back their charges, if so have you had any luck guys?

Me, Clydesdale, they offered 70-80%ish of the total charges, I took it.

Took about 2 weeks after the statements came in. Well worth it.

Tank can i just ask why you accepted 70-80%. if you do not wish to answer thats fine

[thetank]

The reamining 20-30% didn't represent enough money for me to be bothered going to court, or threatening such action. I don't like to think of myself as the litigious type anyway.

Retired from the field of play early, declared a win.

[barhell]

You could always try this http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=430129&in_page_id=1770&in_page_id=1770&expand=true

[jezza777]

A word of warning if you do this. Make sure you have another account open and ready to go , some banks are closing accounts after claims are put in.

[ifm]

A word of warning if you do this. Make sure you have another account open and ready to go , some banks are closing accounts after claims are put in.

Or take out a loan payable from your account, they'll never close it then!!

[Royal Flush]

How did you calculate all the charges? Do you need to get all the statements and do it yourself or does the bank have to do it for you if you ask?

[thetank]

How did you calculate all the charges? Do you need to get all the statements and do it yourself or does the bank have to do it for you if you ask?

They have to provide your last 6 years statements for you if you ask for them, the data protection act.

They can charge you a fee for this, but the fee cannot exceed £10. 

[Royal Flush]

How did you calculate all the charges? Do you need to get all the statements and do it yourself or does the bank have to do it for you if you ask?

They have to provide your last 6 years statements for you if you ask for them, the data protection act.

They can charge you a fee for this, but the fee cannot exceed £10. 

Adding it up seems like a lot of hassle, i will let the mugs keep the charges.