Overdraft usage charges

[saelectrical]

Can anyone clarify whether I can claim for this charge or not? I have read through FAQs but I'm still not clear. There are charges each month on my statements for 'overdraft usage' which is not something I can remember 'agreeing' to. However, the charges in some months are £5 and other months the same description, but the charges are £15 or even £25. Are these amounts all reclaimable?

 

Any advice appreciated.

 

Also, do you send the initial claim by registered post?

 

Thanks in advance.

S

[BARTY]

Hi

Yes you can claim overdraft usage fees.

I would send everything by recorded delivery also.

Good Luck

Barty

[saelectrical]

Thank you Barty, that's a real help. Much appreciated.

 

S

[livelylad]

Can anyone clarify whether I can claim for this charge or not? I have read through FAQs but I'm still not clear. There are charges each month on my statements for 'overdraft usage' which is not something I can remember 'agreeing' to. However, the charges in some months are £5 and other months the same description, but the charges are £15 or even £25. Are these amounts all reclaimable?

 

Any advice appreciated.

 

Also, do you send the initial claim by registered post?

 

Thanks in advance.

S

 

 

Hi the charge you mention you quote as being an "overdraft usage fee" This i pressume means that you have used your overdraft. The differing level of charge is likely to be the amount of the overdraft you have used ie if you have a £500 OD and you use £100 this may result in a fee of £5. Please tell me if this is correct.

Also you can not claim back this fee unless a charge put you into your overdraft (this fee is for a service). Please ensure that you check and confirm that all fees reclaimed meet this criteria.

[BARTY]

Hi the charge you mention you quote as being an "overdraft usage fee" This i pressume means that you have used your overdraft. The differing level of charge is likely to be the amount of the overdraft you have used ie if you have a £500 OD and you use £100 this may result in a fee of £5. Please tell me if this is correct.

Also you can not claim back this fee unless a charge put you into your overdraft (this fee is for a service). Please ensure that you check and confirm that all fees reclaimed meet this criteria.

 

I claimed all the Overdraft Usage Fees (later known as Overdraft Excess Fees) over the six years, and received them all back, I had no Overdraft in place either

 

Barty

[newacre]

i have just had a thread about this.

 

while there is nothing wrong with that charge, in itself, it was generally agreed that you can claim it back if it is solely due to charges. i have made the point in my LBA that i am not liable for that reason. you must be able to show that the overdraft was entirely due to charges in the periods that you are reclaiming this charge.

 

http://www.consumeractiongroup.co.uk/forum/lloyds-bank/44161-claiming-account-charges-were.html#post350892

 

remember, you have to justify every penny that you claim.

[JodiSte]

What happens if the bank cancels your overdraft and start charging you high interest for being overdrawn?

Lets say you have £2000 overdraft aranged and used it all, then you send your first letter regarding bank charges and (what would you expect), they cancel your overdraft. Now you are £2000 overdrawn and you pay huge interest fees. What is the legal situation in that case?

 

Any idea?

[Smelliellie]

If the account is in dispute they aren't able to make any retaliatory gestures - like cancelling your overdraft. i think the oft made a ruling on this? not sure of the details but this is covered in a few threads and there are some good letters around...Mindzai i think, and Lucid are both worth checking out.

[Waveydave]

Has anybody actually had any problems claiming back the "overdraft usage fee" charges when proceedings have got to the latter stages ?

 

I understand why you shouldnt claim these charges ( though i had actually entered them on my spreadsheet for the first two letters ) but im wondering if the banks would take the risk of it being thrown out of court for this reason bearing in mind from what ive read ( though i may be wrong here) nobody has yet to go to court proper ?

[Waveydave]

as an aside i assume that an overdraft usage fee is different to an overdraft excess fee ? and id be ok to claim for an excess fee ?

[newacre]

the excess fee is certainly ok. that is a penalty for breaching the contract, which, as we all know is unlawful.

 

except the banks, that is:rolleyes:

[Waveydave]

the excess fee is certainly ok. that is a penalty for breaching the contract, which, as we all know is unlawful.

 

except the banks, that is:rolleyes:

 

lol

 

you'd of thought they would of learnt by now eh

 

Cheers for confirming that for me

[saelectrical]

Hi all

Surely overdraft 'usage' charges of £30 is not appropriate in one month? It seems some people say yes, claim them and others say no, so I am still not sure what to do.

 

It seems to be that the charges were called 'overdraft usage charges' up to 2001/02 but then were renamed 'overdraft excess charges' since then.

 

Has anyone had their claim for these charges declined?

Thanks for any help

[newacre]

if it is a flat fee for having an overdraft it is lawful and you cannot claim. these are usually £5-7.

 

if it is a charge for going over your agreed limit(breaching your contract) then it is unlawful to charge you £30 or whatever, as the bank can only charge for any extra cost they incur. your breach does not actually put them out of pocket by that amount.

 

it is always the charges they make for breaching your contract that you dispute. on lloyds statements, these are marked;

UNPAID S/O

O/DRAFT EXCESS FEE

UNPAID D/D

 

and are currently £35 a time.

 

are you sure that it says 'usage' and is £30? what type of account is it?

[BARTY]

Hi all

Surely overdraft 'usage' charges of £30 is not appropriate in one month? It seems some people say yes, claim them and others say no, so I am still not sure what to do.

 

It seems to be that the charges were called 'overdraft usage charges' up to 2001/02 but then were renamed 'overdraft excess charges' since then.

 

Has anyone had their claim for these charges declined?

Thanks for any help

 

Hi

I claimed successfully for mine, and yes they were called 'usage' then changed to 'excess' later on.

If I was you I would definately go for it.

Barty

[saelectrical]

Hi

I claimed successfully for mine, and yes they were called 'usage' then changed to 'excess' later on.

If I was you I would definately go for it.

Barty

 

Hi Barty

Thanks for the reply. I will include them and see what happens. Did you have any usage charges that were low, like £5? I've got them at all different rates - £5, £15, £25 etc. but called the same thing.

 

Thanks for the help.

[BARTY]

Hi

I've just had a quick look now, I had them from £10 up to £90, with various amounts inbetween.

HTH

Barty