help explaining charges

[steveandluc]

Does anyone know how the monthly fee for an RBS royalties gold account shows up on a statement ?

 

I seem to get a charge mid month that just says CHG TO 01JAN A/c xxxxxx.

 

I think this might be it as i seem to get it even if there have been no charges, but it's not always the same amount. It's a minimum of £10, but sometimes £30 or £40. Do I need to take £10 off each of these before I try to claim it back ??

[MARTIN3030]

You should not be getting 30 or 40 quid charges !!

[davg]

Hi Steveandluc, I'm sure that they charge £10 for the Royalties Gold account. As for the £30 or £40 charges I expect them to be some sort of maintenance charge for maybe being over your overdraft limit or having a returned dd or s/order the previous month. I'm also unsure about these service charges as I have these charges most months at £22.50 (with clydesdale) normally for being over my overdraft limit after having a returned s/o. I'm also wondering if you can claim some of this back.

 

Good luck

davg

[davefirewalker]

Hi steveandluc

 

a Royalties account started off at £9 and has increased to £10

at the same time overlimit fees have increased from £15 to £20

 

** edit **

 

just checked again

 

sometime in 2005 the "charge" for overlimit went up to £28

 

** edit **

 

sooooo

 

if you get chg to act of £24 this will be £9 + £15

or if you later get chg to acct of £30 it will be £10 + £20

 

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** or if you get a charge to account of £40 it will be (£12 + £28 ) **

my account changed to premier (£15) in late 2005 so gold charges may have gone up to £12 (dont know)

 

(if the royalties gold has gone to £12 then chg to acct will be £40)

------------------------------------------------------------------------------------------

 

latest charges are unpaid d/d £38, referal fee(bounced cheques) £30 overlimit £28

 

BASICALLY WHAT I AM SAYING IS TO CHECK YOUR STATEMENTS

IN THE EARLY DAYS IT WILL BE 9+15 THEN 10+20 THEN MAYBE 12+28

 

do the maths and work it out

this only applies to "charge to Account"

 

only claim the "extra" ie £15, £20 or £28

 

 

Sorry this started out simple and has grown horrendous

 

 

hope this helps

 

Dave

[MARTIN3030]

The service charge is an agreed one since it covers extra benefits from the account.(or certainly should do ) these extras usually include extra interest discounts on services/shopping etc.

 

Aside from the monthly charge for that I would class the others as penalties.

So anything over the 10.00 per month I would claim for.

 

As a matter of fact if it can be shown that you have had no benefits from paying this extra charge then I would consider that as well.

[Guest BlueRuby]

As a matter of fact if it can be shown that you have had no benefits from paying this extra charge then I would consider that as well.

 

When I had a Royalties account the only benefit of interest to me was a £100 free overdraft. Assuming that a free overdraft is still part of the Royalties package, I don't think you could claim that charge back.

[steveandluc]

Thanks everyone, that's pretty much what I thought. I'll subtract the royalties service charge and claim the rest.

 

Thanks again.