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Charges On Youth Bank Accounts


missmoneypenny1
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hello

 

does anybody happen to know if it is illegal to charge fees on a youth bank account for a 17 year old?

 

they went over drawn by 92p using an electron card on itunes and because of this has incurred 70.00 worth of charges.

 

they have even added charges on top of charges resulting in the account going further overdrawn.

 

I was under the impression that you can not legally get into debt until your 18 and for this reason the bank can not charge for under 18s ???

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  • 2 weeks later...

Hi Miss MP,

 

Seeking confirmation on this and, hopefully, further comments will follow.

 

:)

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Principle in law is that under 18's do not have capacity to enter a contract unless it is a contract of "necessity". On this basis, under 18's seem to have very good legal rights to make a recovery.

HTH

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