Overdraft fees are penalties charged by banks whenever a customer exceeds their agreed limit and falls into the red. Customers can be charged up to £35 each time in overdraft fees, and the longer they are in the red, the more charges they get - meaning that some customers have paid hundreds of pounds in overdraft fees.
Unfortunately the Supreme Court ruled in November 2009 that the Office of Fair Trading could not regulate bank charges, and it is very difficult to reclaim overdraft fees.
However, although the ruling means there is a slim chance of reclaiming overdraft fees, there are other types of financial charges you can claim back.
For example, Claims Financial can reclaim any mis-sold PPI premiums that you may have paid on a Payment Protection Insurance policy which was sold to you without being appropriately explained, or maybe even added to your loan amount without your knowledge.
You could be owed thousands of pounds, so make your claim today.