Claims Financial is the company to go to for claiming bank charges
visit the Claims Financial website . You only pay for the service if they reclaim the unfair bank charges.
You'd be hard pushed to have missed the reclaim unfair bank charges saga that's unfolded over the past year or so. It's a big deal for individuals, small businesses and large corporations alike - allegedly the banks have been receiving about £10 million in unfair fines every day! It's time we started claiming bank charges back!
Business bank accounts are covered by ‘common law’ – a slightly different set of regulations than for consumers. Essentially; exceeding your overdraft limit is a breech of contract. However, any bank charges you incur should reflect the actual admin costs, no more. It’s been reported that the maximum charge would justifiably be £2.50 not £30 per incident as seems to be more common.
So; reclaim unfair bank charges – they’re not going to give them back out of the kindness of their heart! The process involves calculating all relevant charges over the last six years, plus statutory interest. Then a formal complaint is sent to the bank outlining your case. In return the bank will send letters of legal jargon in an attempt to fob you off, at which point you can go to the financial services ombudsman or the Court.
It is possible to do it alone, but claiming bank charges alone is time consuming and can be stressful. If you’d rather leave the hassle of claiming bank charges to someone else, make sure you choose carefully. Claims Financial are quickly creating a name for themselves as the company to help get your money back. They don’t charge anything unless they reclaim your unfair bank charges; at which point you owe them 25% plus vat of the total damages recovered. Pretty reasonable considering they’re doing all the hard work for you.
Basically, if you discover you've paid unfair bank charges, trying to reclaim them should be a win win battle. Just decide whether you’d rather keep that 25%, in which case go it alone. It’s more risky and obviously takes some time, but is definitely viable. If not; get hold of Claims Financial, or a similar company, and benefit from professional help to reclaim unfair bank charges.
