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Action to Reclaim Charges but have £4K Overdraft - what can they/will they do?
What happens if you try to reclaim charges from a bank that you are maxed out on a 4K overdraft with? Am frightened now as I have sent a letter to Royal Bank of Scotland regarding bank charges....what if they ask for OD back all at once coz i aint got it????
This was my previous post - does anyone know if RBS may ask for full payment of OD and if so what happend if im not in a position to pay off in full?
Re: Action to Reclaim Charges but have £4K Overdraft - what can they/will they do?
They might.
How much are your charges compared to your o/d? Would the repayment of charges take a big chunk off that?
Open a parachute account now just in case. If they close your acount, it will be harder to open a new one if your bank plays silly b#ggars.
If they insist on immediate repayment, you can stall by stating that as some of the o/d is due to their charges, the total amount is in dispute. Once you have your money back, see how much you still owe them, and negotiate a repayment schedule, insisting they freeze interest until they're paid off.
Apologies to people who I was in the process of helping, I may be gone some time.
Re: Action to Reclaim Charges but have £4K Overdraft - what can they/will they do?
Thanks - dont know exactly the charges for the last 6 years but they could be quite a bit.........ive asked them for all the details........... i have an account 'cash account' with Lloyds TSB.........but have asked them to look at refunding charges too although i dont have an OD on that account and do debit card - just a cash card facility........
Heard back from RBS they say they looked into my claim and I asked them to send statements for the last 6 years, they said they had then got a letter saying they have checked over the statements theirselves and found no errors and that all their charges are just......hope this clarifys??
Where do i go from there...Also got similar response from Lloyds TSB
Please read the FAQs then you won't be put off by their put offs. You really need to get familiar with the process and when ready, go ahead and ask them to refund you the money they have taken in charges...as in the Step by step guide also in FAQ
Ok ive just received in the post from RBS last 6 years statements - what now - go thrugh them all and list charges for what??? if charged for going O/d and missed DD payments??
Once i have a figure shoudl i write to them again?
Ok ive just received in the post from RBS last 6 years statements - what now - go thrugh them all and list charges for what??? if charged for going O/d and missed DD payments??
Once i have a figure shoudl i write to them again?
You really do have to read the FAQ section - you probably missed my previous post so here it is again. The answers to your questions are in there
Originally Posted by Bovvered
Please read the FAQs then you won't be put off by their put offs. You really need to get familiar with the process and when ready, go ahead and ask them to refund you the money they have taken in charges...as in the Step by step guide also in FAQ
thanks - i have read them as suggested. I am going to do an excel spreadsheet of all the charges and save this for future - in the meantime this gives me the relevant figures to put into my letter before action.......
Referal Charge = When the bank decides to pay an item on your account (SO/DD/cheque) that takes you over your limit.
£30 a pop nowadays. Yes as Paul says they are also unlawful.
Good luck & all the best!
edit: they (referal charges) are applied on the sixth working day the month after the "offences" occured. Its not immediately obvious what they are for so you'd need to look back if you wanted to see what they related to. I wouldn't bother doing this though as regardless of why they've charged you, they're unlawful in any case. You can claim them all back anyways!
(Yes I work for a bank but am here to help! Please be nice to me! )
After requesting RBS Statements and going through for the obvious charges, ive come across charges that just say
:-
chg to 17 may a/c 1******* 30.00
from what i can see the normal charge to my account for the month (royalties gold) should have been about £10 per month and it is so in some months - so why in other would it be £30 or so??
Any ideas please as im trying to compile what they owe me at the moment and need to know wether or not to include these??
Firstly - it is very difficult to give a considered response when you post a new thread for each question - I have now merged all your threads - please update to this thread, then people will more easily be able to help.
Is the normal monthly charge showing as well as this charge?
Alan, Derby, UK.
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Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.
DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.
Advice given is purely my opinion, and is not based on any legal training.
No, the normal monthly charge is usallu £10 per month judging by most other statements, when RBS sent me these statements they had already underlined the charges, they hadnt underlined the ones at £10 per month but they had underlined the ones above this amount, £20 - £40 or so - one months was even £90.00. This is why i',m confused as i know there is a monthly chage for the royalties account which was £10.
when RBS sent me these statements they had already underlined the charges, they hadnt underlined the ones at £10 per month but they had underlined the ones above this amount, £20 - £40 or so - one months was even £90.00. This is why i',m confused as i know there is a monthly chage for the royalties account which was £10.
LOL....If they have been so kind as to identify them as unlawful charges themselves, then I would incude them in your claim - only fair not to disappoint them after they have gone to so much trouble!!
Alan, Derby, UK.
PLEASE HELP US TO KEEP THIS SITE RUNNING
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Or you may wish to buy one of these great resources:
Click on the above link to place your order - payment by Paypal.
_________________________ _______
Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.
DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.
Advice given is purely my opinion, and is not based on any legal training.
After requesting RBS Statements and going through for the obvious charges, ive come across charges that just say
:-
chg to 17 may a/c 1******* 30.00
from what i can see the normal charge to my account for the month (royalties gold) should have been about £10 per month and it is so in some months - so why in other would it be £30 or so??
Any ideas please as im trying to compile what they owe me at the moment and need to know wether or not to include these??
This is the referal charge I was talking about earlier. Read my post above 23:57 on 28th April again. If you're still not sure get them to explain it to you in your local branch - thats what we're here for. Ask for a copy of the leaflet that explains charges as well.
Here's my original thread on how they're worked out, maybe this will help: http://www.consumeractiongroup.co.uk...ead.php?t=2794
Yes charges are confusing, at times one wonders if they're set out like that deliberately.
(Yes I work for a bank but am here to help! Please be nice to me! )
Hi - i get what youre saying, however sometimes I have a referral fee in a month and also a charge that is more than the usual £10 account charge, this is where i'm getting confused - if ive already been charged a referral charge one month how come i'm being charges on some occasions more that the standard £10 monthly fee?
That's their problem - once you send the prelim letter they will have the opportunity to explain themselves. If they do, then knock it off the total - if they don't then claim it back.
If your agreement was for a £10 fee to be paid each month as a service charge, then these figures cannot be justified.
Alan, Derby, UK.
PLEASE HELP US TO KEEP THIS SITE RUNNING
EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS
Or you may wish to buy one of these great resources:
Click on the above link to place your order - payment by Paypal.
_________________________ _______
Sorry, but I cannot deal with your case by PM - please ask questions in your own thread. If you do not get a reply within 48 hours send a PM, with a link to the relevant thread, to any Site Team Member.
DO NOT SEND QUESTIONS ABOUT YOUR CLAIM TO ADMIN, or our WEBMASTER - YOU WILL NOT RECEIVE A REPLY.
Advice given is purely my opinion, and is not based on any legal training.
Action to Reclaim Charges but have £4K Overdraft - what can they/will they do?
with? Am frightened now as I have sent a letter to Royal Bank of Scotland
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Re: Action to Reclaim Charges but have £4K Overdraft - what can they/will they do?
Originally Posted by dottyanne
Yes as Paul says they are also unlawful.
