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Showing results for tags 'business account'.
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I have other threads here and have found CAG advice very u$efu£! I have a business account (ltd co) with Barclays. I wasn't using the company for a while as I was first unemployed then had a perm job so didn't have any money going into that account and never arranged for an overdraft facility. Last year I had around £1000 in the account when they started charging commission every month (despite their literature saying it was charged quarterly, they charged the 'quarterly' amount every month!) and also added things like 'business essentials' that I never ever ever requested! I withdrew/used most of the money I had in the account and they kept applying charges which caused the account to go overdrawn and they'd been charging quite a lot of interest on the O/D (which was made up mostly of their own charges and was never requested or arranged by either me or the other Director!). Recently my bosses put their company into liquidation and made everyone redundant but hired us back as freelancers so I'm using the company account again. Naturally the o/d amount was deducted from the deposit, leaving me with little money till the end of August . Would be great if you guys could point me in the right direction for reclaiming charges and interest on charges on a business account, in particular those for 'services' I never requested or even knew about!!! Many thanks in advance... -
Hi, Can someone advise me please, this is going back a long time. Back in 1998 my company went into administration leaving an overdraft of £7,600 with Lloyds. At the time I had been paying overdraft insurance of £83 per month which I assumed covered me for my overdraft if anything went wrong, however when I tried to claim I was told it did not cover me for insolvency and I would have to pay the debt back. It then took me over 10 years to pay this amount and intrest back to the bank and their collection companies. Do I have a claim for mis-sold insurance? as I do not understand what I was paying all that money for? Thanks Ally
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Hi guys, I hope I'm posting in the right place, if not would the site team kindly move the thread to its rightful place... Is it possible for a bank to offset a personal debt against a business account in the name of a ltd company in which I am a director and signatory, bearing in mind there's 2 directors in the ltd co and 2 signatories on the account? Thanks in advance!
