can someone advise me on this

[martyn bernardo]

went through all my bank statements last night again and all the charges applied to my account including the interest adds up to £4381:49. However some of the charges are £10 for the running of my overdraft, should i leave these and the interest out or should i request repayment of it all.

Also the charges they applied to my other account add up to £1079 should i claim them together or seperately

[Michael Browne]

Welcome.

 

The £10 fee is for a 'service', therefore unclaimable

 

 

There are 2 instances of interest you can claim:

1.When you go overdrawn the bank will charge you interest, perfectly lawfully.

 

However, if part of your overdraft is made up of penalty fees, they are also charging you interest on these too and it is this interest which you are entitled to claim back, but it's tricky to separate out from the total interest figure.

 

Vampiress has a spreadsheet, (the advanced one), in the bank templates library, which attempts to calculate this

 

It's quite complex and unless your claim is large may not amount to that much, so for simplicity's sake, some people don't bother

 

This is the interest referred to in the preliminary and LBA letters.

 

2. Section 69 8% interest on your claim, but only when you submit a claim at court. Don't add this interest before moneyclaim

 

 

Combining the 2 claims will take you over the small claims limit of £5000, so claim separately

 

From now on start a new thread in your banks forum and post progress and questions there and you'll get plenty of help.

[martyn bernardo]

Thanx for that, was having trouble finding my way round the site before and couldnt find the banks forum, will work it out. cheers

martyn

[Michael Browne]

Look here:

http://www.consumeractiongroup.co.uk/forum/bank-action-group-against/