Help what is a cleared transaction charge

[podge71]

Hello
Can anyone please confirm.
I have received some of my statements on microfiche. Back in 2002 I was charged £15, for cleared transaction.
I cant remember what C L stands for.
Could it be, the charge when a bank clears a chq, or, a transaction via debit card, when I didn't have sufficient funds in my account.
How can I proceed, If I dont understand the charge myself.
The only reference I've found to this term is in the Spreadsheet.
Cleared Transaction £10.
Thanks
Podge71.

[Robdblynd]

You've got it right Podge, it's the charge they make for letting payments (chqs, DD, card payment) go through when there's not enough money in your account.

These charges are reclaimable as well.

Good luck.

[podge71]

Thanks, Feel better now.
Good luck with your claim.

[andypal]

Podge. Don't forget to claim DEBIT INT or INT DEBIT(Interest ABBEY charges whilst Account is overdrawn). Good Luck

Andy

[path_finder]

Andypal is slightly incorrect about claiming DEBIT INT or INT DEBIT

There are 2 instances of interest you can claim:

1.When you go overdrawn the bank will charge you interest, perfectly lawfully.

However, if part of your overdraft is made up of penalty fees, they are also charging you interest on these too and it is this interest which you are entitled to claim back, but it's tricky to separate out from the total interest figure.

Vampiress has a spreadsheet, (the advanced one), in the bank templates library, which attempts to calculate this

It's quite complex and unless your claim is large may not amount to that much, so for simplicity's sake, some people don't bother

This is the interest referred to in the preliminary and LBA letters.

2. Section 69 8% interest on your claim, but only when you submit a claim at court. Don't add this interest before moneyclaim