Overdraft Fee

[Arfur Bittah]

I have been looking through my bank statements over the last six years and I find that I have been charged an overdraft fee of £25 and on top of that an excess overdraft fee of £124on numerous occasions Can I claim all of these back which amont to about £1100 over the last five years.I was also charged an overdraft arrangement fee last year when they re-negotiated my overdraft limit by phone.Can I claim this back.Can I also claim interest on this money over the last five years.Any advice would be helpful as I am only a pensioner and finding it hard now to make ends meet.Thanks to a wonderful web site

[Guest bong]

hi AB, do you know the nature of the overdraft fee of £25? if it was an arrangement fee then you can't claim it back (which answers your second question) but if it was a penalty for going overdrawn then claim it. Also claim the excess overdraft fees.

 

when you have written to your bank twice, and given them a total of 28 days to refund your money, you may start up a court claim. At that point you can add 8% county court interest to your claim, from the date of each charge until the date of settlement.

 

all the best

[Arfur Bittah]

Thanks Bong for your kind reply.Yes there was an arrangement fee when a customer representative phoned me to inform me that I was overdrawn.They sent me a letter stating that there was a fee for increasing the overdraft from £200 TO £500.I haven't ,as you mention claimed this but intend as you say to claim the overdraft fees back.Altogether there has been 13 debits of £25 for overdraft fee and 11 debits ranging from £9 to £124 for excessive overdraft fees.I take it that these are the amounts to claim back?

[Guest NATTIE]

I think you can but hsbcrusher will definitely know

[Guest bong]

Thanks Bong for your kind reply.Yes there was an arrangement fee when a customer representative phoned me to inform me that I was overdrawn.They sent me a letter stating that there was a fee for increasing the overdraft from £200 TO £500.I haven't ,as you mention claimed this but intend as you say to claim the overdraft fees back.Altogether there has been 13 debits of £25 for overdraft fee and 11 debits ranging from £9 to £124 for excessive overdraft fees.I take it that these are the amounts to claim back?

 

claim back all the £25 fees and all the other fees you've mentioned ranging from £9 to £124. The only one you can't reclaim is the one-off fee for arranging to increase your overdraft limit.

[HSBCrusher]

claim back all the £25 fees and all the other fees you've mentioned ranging from £9 to £124. The only one you can't reclaim is the one-off fee for arranging to increase your overdraft limit.

bang on bong!

 

Crusher