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Forced to repay overdraft?


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Hi

 

I'm new to all of this but have worked out Natwest owe me £3,550. I'm just worried they will force me to pay back my overdraft and close my account. Has anyone got any advice?

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Best advice is to open another account just incase they do. It doesnt happen very often but it can happen. If they were to close your account, they cannot make you repay your overdraft all in one go if you dont have it. Anyway, surely you can pay off your overdraft from the refund of your charges.

 

Closure of accounts following claims for return of penalty charges is seen as retaliatory action and as such should be reported to the Financial Ombudsman who will take a very dim view. The Aliance & Leicster were recently fined by the FO for such action.

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A person is only as big as the dream they dare to live.

 

 

Good things come to he who waits

 

 

Its your money taken unlawfully from your account and you have a legal right to claim it back.

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thanks everyone. My overdraft is £800 so the fees will def cover this. I'm going to write my letter tonight and cross fingers. Have a fab time on hols

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Don't forget you can add 8% statutory when you get to court as well. So you well get something extra for later this year as compensation for the work you are putting in now. Apart from the fees are you adding in any interest they took off you? This appears the end of each month. It all helps, Sally

If my advice has been helpful tip the scales

 

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If your Overdraft is 800, and you are claiming 3500, surely, you will still be better off ... lets do the maths

 

3500 - 800 = 2700

 

Assuming you are not over the limit, you will be better off by 2700: and just assuming you still have your overdraft facility, you will be better of by3500, In other words - Its a win win situation, so where is the problem?

 

Please note my take on this is purely based on assumptions

 

 

thanks everyone. My overdraft is £800 so the fees will def cover this. I'm going to write my letter tonight and cross fingers. Have a fab time on hols

C-L-A-I-M-E-D £1000 W-O-N £1000

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