I am posting in all bank forums on a guide that I asked initially for help on the Bank Workers section. I hope to get a guide together on each bank forum on the charges and their changes over the last 6 years. So can you help me to help the Moderators and site helpers on the site with an easy access guide to penalty charges. I need to know amounts and charge over the last 6 years.

This thread is a research thread so I can collate all the charges into one single thread to help newbies and this site to calculate their charges as quickly as possible.

Thanks in Advance for your help

Any help please pretty please with sugar on top!!

Alliance & Leicester

2004 (sorry can't go any further back)

Paid item charge £25

Failed direct debit/standing order charge £30

Unauthorised overdraft charge £25

2005

Failed Direct Debit charge £34

Unauthorised overdraft charge £25

Paid item charge £25

2006

No change

Top banana!

Thanks Jan for your help but 2000- 2003 for A &L?

This will be a really useful tool for the users on this forum and all the others, so please help NWSM. For those of you who don't know him, he is really quite nice, so don't be put off by the name!

Thanks for the help Natty

hi nwsm

heres a few i had, hope it helps;

July 2001 Unpaid cheque charge £27.50

June 2002 paid item charge £25.00

Sept 2002 Failed DD charge £29.50

April 2003 Failed DD charge £29.50

June 2003 Failed cheque charge £29.50

April 2004 Paid item charge £25.00

July 2004 Failed DD charge £29.50

Nov 2004 Failed DD Charge £30.00

Nov 2005 Failed DD charge £34.00

Feb 2006 Failed DD charge £34.00

June 2006 Paid item charge £25.00

Think they charge what they feel at the time by the looks of it!!!! Keep up the good work!!

Thanks, that very good info

I have to say having just done mine the A&L charges are very confusing when you get back to 2004 and before. It seems to be £25 monthly OD charge and £29.50 failed cheque on mine before June 2004 and as above thereafter.

I will look up my A&L charges for you. Should make good reading for a bank worker!

Where does the term 'penalty charge' come from? Are they meant as a punishment meted out to those who, for whatever reason, do not keep their accounts in order? I thought the banks argument was that these charges cover administration costs'. Why, then, penalty?

HSBC 2001:

Recall £28.00

Total Charges £27.50

HSBC 2002:

Recall £30.00

Total Charges £27.50

Card Misuse £30.00

HSBC 2003:

Unpaid Item £30.00

Total Charges £18.00 - don't know what happened there!!

Alliance & Leicester DD Charge 2001: £25.00...... cheap as chips:eek:

SHERLOCK

I have a failed direct debit charge 16th Nov 2000 £27.50.

well as you know claim it back

can any one please help i started going through the process of retreiving my bank charges and have just received a letter from a&l saying in so many words no can do. that was the LBA. SO NOW ITS GOING TO AS FAR AS COURT BUT I HAVE GONE THROUGH THE COURT BUNDLE AND DONT NO WHERE TO START can any one point me in the right direction and where to start first. my son deleted all my emails just before christmas so i have gone on to this thread i hope its not a problem because i dont knoww where i was its such a big site.

Have you filed a claim online yet? if not then you need to go and start the process of suing them

:-? No not yet was'nt sure what i had to do first. I no this may sound stupid but how do i do that im not the brightest of people and its took me quite a lot to get this far so am amazed at myself any help and advice you could give me would be very much appreciated thanks

Ok willett, have you got a live thread on the forum? What you need to do is re read the step by step instructions again in the bit that relates to making a claim.

Hi, I don't know if you're still interested in this. I've got figures to 2000.

un auth o/d £3.50 per day to a max of £52.50

failed dd £10.00 or £27.50 depends on value of dd

failed chq £10.00 or £27.50 depends on value of chq

Jenny

fantastic J barton---haven't you got a football game to play on the telly tonight:D

LOL Nattie, It went over my head but my hubby got it.

Jenny

Nattie - if you need some help with particular banks please PM me. The chances are I will have what you need.

Will, this thread started when I really thought I could do for most banks what I had done for NatWest, which is make sure that people claimed correctly and won all the time. I am not an expert on A&L and Caro kindly put this as a stickie, which i am grateful for. If you have info on other banks please feel free to post on other banks threads. If you look under the quick reply box you will see threads on other banks that I tried and unfortunately failed to do but feel free to post on those one, I am always grateful that someone has both the info and inclination to post on all of them. I hope that explains it.

The unauthorised and authorised rates are the same, the specific rate to use varies depending on the type of account you have whether current, flexi-plan, etc..

In the case of a current account, these were the monthly & EAR rates for Alliance & Leicester from before the time they took over Giro Bank till present. I know in the case of keyway accts or similar named the rates were much higher than current account rates

UNAUTH/AUTH OVERDRAFT INTEREST RATES APPLIED VALUE EAR

MONTHLY INTEREST RATE (NOV 1989 - AUG 1990) 2.00% 26.75%

MONTHLY INTEREST RATE (SEP 1990 - JUL 1991) 2.50% 34.50%

MONTHLY INTEREST RATE (AUG 1991 - MAY 1993) 2.30% 31.30%

MONTHLY INTEREST RATE (JUN 1993 - SEP 2001) 2.20% 29.80%

MONTHLY INTEREST RATE (OCT 2001 - NOV 2002) 0.99% 12.50%

MONTHLY INTEREST RATE (DEC 2002 - DEC 2004) 1.25% 16.08%

MONTHLY INTEREST RATE (JAN 2005 - FEB 2007) 1.33% 17.08%

I hope this helps, if going for the contractual interest rates it would be sensible depending on how far back you claim for charges goes, to use the rates at the time when these charges were applied. A useful site that can help with such calculations roughly is Geek Hideout --> Compound Interest Calculator.

All you need to do is calculate on a per charge basis with the varying rates over the number of years the particular charge was applied (note the monthly addition should always be zero).

Then comparatively work the number of months for the charge on one rate and then find what its sub-total comes too for those months.

Then hop onto the next column (which is at a different rate) and locate the sub-total (in paragraph above) in the column. Once found use it as your starting point and again calculate the number of months on this rate, you will end up having a newer higher total. You can continue this for each of your charges.

Note it is rather laborious process and not for eveerybody, but it does make a huge difference for those seeking to pursue the contractual interest rate method (especially if you have charges that pre-date 2000).