Share this article:
Tell a Friend

Overdraft Charges

Do you want to reclaim overdraft charges?

Overdraft charges have been used by years by banks as a means of boosting their profits at the expense of struggling customers.

Customers who exceed their agreed overdraft limit and dip into an unauthorised overdraft are often charged exorbitant charges by their bank.

Overdraft charges can cost customers up to £35 and regularly push people further into the red, compounding their debt. Those who remain in an unauthorised overdraft for a length of time are repeatedly charged by their bank, potentially racking up £1000s in penalties.

In 2007 the Office of Fair Trading took the banks to court as it deemed their overdraft charges to be unfair to the consumer. Despite winning in two courts, the OFT ultimately lost its case in November 2009 when the Supreme Court ruled they had no jurisdiction over overdraft charges.

Millions of UK consumers with overdraft charges cases on hold were effectively told that they could not reclaim their money.

Overdraft charges are not the only unfair practice banks use on consumers. Banks also punish customers with extortionate credit card charges, charged when card holders exceed their credit limits or miss repayments. However, credit cards were not affected by the overdraft charges ruling and are still reclaimable.

Claims Financial are experts at claiming back unfair credit card bank charges and have reclaimed millions of pounds for thousands of clients.

To start your claim today all you have to do is fill in a short application form which you can request by entering your details on the right of this page. Return your application to us via the FREEPOST envelope provided and we will do the rest for you. You could be owed £1000s.

Why use our service?

family grass smallTick No Win, No Fee *
Tick No Upfront Fees
Tick Professional Friendly Service
Tick Experts in financial claims
Tick Regulated by the Ministry of Justice

Start your claim

First Name: *
Last Name: *
Address: *
Address 2:
City:
Postcode: *
Phone: *
Email: *
"I just had to put pen to paper and write to say I'm more than delighted with my settlement that you won me back from my PPI I had with Lloyds TSB. The Claim Forms were simple to fill in. It was a breeze"

Mr R Evans 11 Nov 2010