Interest on Bank Fees

[dolly]

Can we claim that back as well or would that fall under the 8% that the county courts give if it got to that stage?

 

Thanks

[gothicf0rm]

you can claim it back if its directly related to the bank fee.

for example -

your overdraft is £100 and you are then charged £30 in fees. they then charge you interest on the £130. you can claim back the interest on that £30 excess.

i also argued that my overdraft would never have been unauthorised apart from the first fee so i should never have paid the unauthorised rate as the amount i exceeded my limit by after this point was less than the amount i had been charged in fees - in otherwords my impecunosity in exceeding my overdraft limit and having insufficient funds was caused by the bank having charged me once. had they refunded the money after the initial charge my balance would have been £30 more and i'd have NEVER been overdrawn.

it becomes fun when your total amount of bank fees is more than your overdraft, then you can claim back ALL interest from the chronological point your bank fees exceeded your overdraft size. once youve worked out this you can slap the 8% apr on top.

i added £458 to my claim by doing this approach to interest and every one should do the same thing. the advice to go for bank fees alone is wrong, people should go for bank fees plus the direct costs they have born with the bank as a result.

[gothicf0rm]

you can claim it back if its directly related to the bank fee.

for example -

your overdraft is £100 and you are then charged £30 in fees. they then charge you interest on the £130. you can claim back the interest on that £30 excess.

i also argued that my overdraft would never have been unauthorised apart from the first fee so i should never have paid the unauthorised rate as the amount i exceeded my limit by after this point was less than the amount i had been charged in fees - in otherwords my impecunosity in exceeding my overdraft limit and having insufficient funds was caused by the bank having charged me once. had they refunded the money after the initial charge my balance would have been £30 more and i'd have NEVER been overdrawn.

it becomes fun when your total amount of bank fees is more than your overdraft, then you can claim back ALL interest from the chronological point your bank fees exceeded your overdraft size. once youve worked out this you can slap the 8% apr on top.

i added £458 to my claim by doing this approach to interest and every one should do the same thing. the advice to go for bank fees alone is wrong, people should go for bank fees plus the direct costs they have born with the bank as a result.

[BankFodder]

Don't forget also that if you have paid the higher, unauthroised rate on the money you have paid on charges then this is the rate you should be reclaiming.

[BankFodder]

Don't forget also that if you have paid the higher, unauthroised rate on the money you have paid on charges then this is the rate you should be reclaiming.

[hayneslyle]

Don't forget also that if you have paid the higher, unauthroised rate on the money you have paid on charges then this is the rate you should be reclaiming.

 

I have been offered a settlement in full from First Direct for charges of $547.50. However they said the interest is part of my agreement with them. Also why should I reclaim 8% interest when they are/were charging me much higher rate. Should I request the interest as well and how do I do this I can see no letter template to respond to them.

[Seminole]

Have a read through this thread:

 

http://www.consumeractiongroup.co.uk/forum/general/18313-why-no-one-claiming.html?highlight=contractual

[dolly]

This topic was closed on 03/05/19.

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