Alliance & Leicester £5 Under Funding Fee

[chris-morrison]

I have got an Premier Current Account with the Allaince & Leicester.

 

My salary is not paid into this account as it was my parachute account while I was reclaiming my bank charges from Barclays.

 

However because of this Alliance & Leicester are have suddenly started taking a £5 'underfunding fee' from my account, even though there was no mention of this when I opened the account.

 

Can I include these in any claims for unfair bank charges?

 

Chris

[reduk054]

Hi Chris, I dont think that you will be able to claim these fees back, as it is not a penalty as such. In effect you are getting a better account i.e. cheque book and cheque guarantee card/debit card

Part of the t&cs of the Premier account is that you will pay a min of £500 (i think) per month or they will charge this amount.

I received a letter to remind me that i needed to pay a min. amount per month or pay the £5 fee.

I would decide if you need this account or not, i.e. is your parachute account one with a debit card/cheque book etc..do you use them? If not, you could close the A&L account.

Red