Why cant we Stop it ?

[Fish_man]

IF the charges are unlawful why cant we state this when we sign up for an account?

Read the contract and before you sign it take it back in querying the part which state you will be charged for blah blah blah. Ask them if this will be a charge of cost inured and ask for a list of the charges if necessary then go back to the bank and say this charges are unlawful and I would require the terms of the contract to be changed to comply with UK legislation.

 

Has anyone tried this ....

[Rooster-UK]

Do you mean before you agree by signing the form, or after you've accepted it ?

[Fish_man]

Before you have signed up and accepted. At the very first stage before you even have an account with the bank.

 

You would probably get told to take your business elsewhere but surely this in itself is a reason to start a claim in court. If a bank refuses to change its terms and conditions to suit UK law and as a result refuses you an account. Or is there some legal mumbo jumbo that I'm missing.

[barracad]

You are quite right, they would simply tell you to take your business elsewhere.

 

There is nothing forcing them to accept you as a customer.

[breadline]

As long as people need them they will do what they want.

Eventually some judge is going to turn around and say anyone joining after all this knew the score no you can't have your money back.

 

As long as these banks are used they won't change:(

[podgydad]

A judge can only rule in accordance with the law, if the charges are penalties its irrelevant if you knew about them or not. What is more likely to happen is that a judge will eventually tell them to cut it out.

[PhantomReclaimer]

As long as people need them they will do what they want.

Eventually some judge is going to turn around and say anyone joining after all this knew the score no you can't have your money back.

 

As long as these banks are used they won't change:(

 

Never happen. The issue of the unlawfulness of panalties is well established case law that has been before the House of Lords on numerous occasions. The lower corts MUST follow the decisions of the Lords.

 

P.