£12 Credit Card Charges?

[PhantomReclaimer]

Just for people that didn't know, i have had to research alot on cheques lately with the banks being silly with me. Someone might find this useful

 

The reason it costs them 45p to deal with a cheque is because its sent to a centre in Milton Keynes i believe (this applies to all banks) and is sent 1st class this is why it can take up to 5 days for a cheque to clear, however the system that is in place should mean that the cheque should clear in 3 days. I realise this is off topic but someone may find it interesting.

 

This is an interestng point about cheque clearance times.

 

I spoke to my bank, Northern Rock, about this just the other week because I had written a £30 cheque for a parking ticket but it had been paid as £60 (I had put £30 in words but put £60 in figures). They said they would trace the cheque and that it would take a few days. I queried this as I assumed they would just go to whatever department where the presented cheques were stored and photocopy it. Apparently, however, they don't get all their cheques back from which ever bank they were presented to. Only cheques for over £5K actually go through the system and end up back at the issuing bank. Perhaps this is only true of NR though?

 

This is another nail in the banks coffins as it obviously dosen't cost as much to pay a cheque this way and makes one wonder why the bloody hell it still takes 5+ days to clear a cheque that never gets sent anywhere!

 

P.

[orfoster]

I believe this will be of interest. This is the way it should work and there is no excuse for it to take any longer. Cheques Clearing Cycles http://www.apacs.org.uk/payment_options/documents/Cheque_Clearing_Cycle_diagram.pdf

 

On the APACS - the UK Payments Association site there are some interesting things on how payments are processed.

[sirowealot]

PhantomReclaimer,

 

Thanks for clearing that up.

 

On the assumption that I first knew about the unfair bank charges in May 06, am I right that i can claim from May 00, to present day, even though that's 6 years and 4 months? What I'm trying to work out is, can one only claim exactly 6 years worth of unfair charges, or can the claim only encompass charges that arose after the date one discovered the unfair charges and for 6 years before that date?

 

Thanks

[Glenn UK]

No

 

You can claim for 6 years form the date you knew, its forward looking generally not backward looking.

 

in other words if you knew about a charge applied today you would have six years within which to lodge your claim.

 

As PR says where concelament or mistakes or fraud have atekn place the Limitations Act does provide relif via section 32.

 

HTH

 

Glenn