Interest on a terminated overdraft

[planetparker]

I am in the middle of a long Court battle against NatWest regarding banking charges and an overdraft I have refused to pay back because of the charges they owe me. I won't go into all of the details here, but the overdraft was terminated 2 years ago. I have recently started receiving letters from the Credit Management Unit telling me the interest they are continuing to charge me each month at the unarranged borrowing rate (around 29% I think). The interest they have now added has almost doubled the original overdraft.........

 

What I want to find out is:

 

If an agreement has been terminated can they still charge interest according to the T&Cs - which surely must no longer apply as the account has now been closed? I can only claim statutory interest of 8% on my charges, so why does this not apply to them on the amount they claimed as of the date of termination. Doesn't seem fair to me!

 

I would be very grateful for advice on this.

 

Thanks

[yourbank]

An agreement is never terminated, per se, until the amount owing is paid back. The ability to give banking facilities would have been terminated but not the agreement itself as there was a negative balance and interest still accruing. Apologies I cannot help on this specific case but I am sure others may be able to help further.