A & L Charges

[Moira Isaac]

Thanks to anyone who answered my query about the spreadsheets.

Can anyone advise me if I should claim or not for the monthly overdraft charges? I'm about to send the letter requesting repayment, and I don't want to include these if they're legal.

 

Moira

[Seminole]

If there a monthly fee you've agreed to pay for them to provide you with an authorised overdraft facility, then they're not a penalty charge. If you mean something else please give further details.

 

Oh, and good luck with your claim. Please tell your friends and colleagues about us.

[Moira Isaac]

Thanks Seminole for your reply - I'll take the monthly fees out of tje spreadsheet - it was just that I thought I'd remembered seeing advice to include them on Martin Lewis's website. But I could have been having a Senior Moment!

 

Moira

[Moira Isaac]

I'm still puzzled about these. I'd always assumed that they were a fixed monthly charge for use of the overdraft facility. however, on looking at my records as a whole, I'm not so sure. I get charged in retrospect for each set period. From 2000 to 2003,where there were no "transgressions" the charge was £8. 1 or 2 slips brought it to £10, and more to up to £25. This was on top of Failed Direct Debit Charges, etc. What is really confusing is that I was charged £10 or £25 several times for periods when the records show no bounced payments.

 

In 2003 the basic charge seemed to drop to £5 per month, but the £25 penalty remained

 

When I asked the girl at A & L about this she said the £25 would relate to failed transactions, but she could not tell me what the Monthly Overdraft Charge was for any of the years which I am checking, so that makes it difficult to assess what proportion, if any, is punitive.

 

Advice please, before I submit my claim.

 

Moira