Personal Finance  |  Financial News  |  About Us  |  Security  |  Work From Home  |  A to Z  |  Links  |  Site Map  |  Site By Janric   


Reclaiming Bank Charges

Reclaiminging Bank Charges has been in the press a lot recently - and a lot of people are reported to being very successfull with their claims. But can you claim? Do you need a solicitor?

If your claim isn't going to be unduly difficult, then there's probably no need to get a solicitor involved. Most of the process can be handled through the small claims courts probably from your own PC.

But if your claim is complex or you know you just won't complete the process yourself without help, then the expense is possibly worth it. But look for a no-win no-fee solicitor and check what their charges will be.

What do you need to know for Reclaiming Bank Charges?

First, look through your last 6 years' bank statements and see what charges have been incurred. Haven't got all of those statements - then try internet banking (if you have it) or you you will need to write to the bank. When writing to the bank, they are entitled to charge you £10 to provide back statements, so it might be best to include that payment. For sample letters and more details on that £10 charge, search on:

When you have calculated how much bank charges you can be Reclaiming.

Simply write to the bank and ask for your money back! Don't forget that when you are Reclaiming Bank Charges you can also ask for interest on that amount - again, quick search for a calculator:

.

At this point the bank might make you a partial offer - in which case it's your choice as to whether to continue or it might pay your Reclaimed bank charges in full. Alternately, it might just ignore the letter or respond by telling you that you are wrong. If that's the case, then just keep on going...

Next step to Reclaiming Bank Charges

If you aren't happy with the offer, don't get a reply or are told they aren't offering you anything then write again reminding them that you want to Reclaiming your bank charges and threatening to take court action. Again, a quick search will find plenty of sample letters:

Going To Court For Reclaiming Bank Charges

If your total amount is under £5000 then taking the bank to court for Reclaiming bank charges is not as frightening as it sounds. You can start your claim online at the MoneyClaim site.

Once you have done that, the process is started. Keep an eye on the timescales set by the court - when they give the bank 14 days to respond, as soon as that 14 days passes then get on with the next step.

Good luck!