The only thing I dont understand is...

[Handsome Dan]

...if bank charges are illegal, which they undoubtably are, how come banks aren't prosecuted for breaking the law?

 

If I was to get your card and pin number and take £35 out of your account and I was caught, I would be prosecuted for theft, if the bank does it, they are just ordered to repay the amount plus interest. This seems strange to me?

 

The law states that bank charges are illegal, so therefore taking bank charges is against the law and therefore, surely the police should be involved?

 

I love the idea of calling the police to report a theft from my bank account and when they say "Do you have any idea who committed this theft Sir?", I would say "Yes, Lloyds TSB".

 

I doubt this would work but I dont see why it wouldnt work???

 

Answers on a postcard...

[sidvicious]

there unlawful not illegal.

[snapper84]

The way i view it is that the banks walk a legal tightrope. Basically a company can put anything into the contract when it is signed and agreed to however this does not mean that it is lawful, meaning if you ever come across something in the contract which you don't agree to and professional groups also agree that these terms cannot legally be enforced you can therfore challenge them. Correct me if i'm wrong but thats just my view on it.

 

Cheers

Steven