Day Posted November 25, 2009 Share Posted November 25, 2009 Millions of bank customers hoping to be refunded overdraft charges have been dealt a major blow by a Supreme Court judgement. The court has overturned earlier court rulings that allowed the Office of Fair Trading to investigate the fairness of charges for unauthorised overdrafts. At stake in the case, which has run for over two years, is an estimated £2.6bn of annual income for the banks. Campaigners said they were shocked and disappointed with the decision. Banks welcomed the ruling, said there had been major changes to current account packages recently, and pointed out that these unplanned overdraft fees could be avoided. Seven banks and one building society wanted the court to overturn two previous rulings that said the OFT had the power to investigate unauthorised overdraft fees. http://news.bbc.co.uk/1/hi/business/8376906.stm Link to comment Share on other sites More sharing options...
derbydan Posted November 25, 2009 Share Posted November 25, 2009 robbing barstewards :mad: Link to comment Share on other sites More sharing options...
Day Posted November 25, 2009 Author Share Posted November 25, 2009 Tis abit of a bummer, I'd of been a millionaire had I been able to claim back those £30 charges for going 10p overdrawn. Link to comment Share on other sites More sharing options...
CumbrianRam Posted November 25, 2009 Share Posted November 25, 2009 I see the bankers Christmas Party Champange budget is now secure. Link to comment Share on other sites More sharing options...
Perky1106 Posted November 25, 2009 Share Posted November 25, 2009 Tis abit of a bummer, I'd of been a millionaire had I been able to claim back those £30 charges for going 10p overdrawn. I know someone who had a £250 charge for going fifty quid overdrawn. Link to comment Share on other sites More sharing options...
derbydan Posted November 26, 2009 Share Posted November 26, 2009 lloyds charged me £75 for £1.53 overdrawn!!! Link to comment Share on other sites More sharing options...
Day Posted November 26, 2009 Author Share Posted November 26, 2009 Lloyds are *********, Natwest and Barclays have been quite good, as long as you ring them up or go in and apologise they tend to give you 48hrs to bring your account back into credit. Link to comment Share on other sites More sharing options...
derbydan Posted November 26, 2009 Share Posted November 26, 2009 yeh barclays are alright Link to comment Share on other sites More sharing options...
Thornhill Posted November 26, 2009 Share Posted November 26, 2009 I'd rather get punished for doing something wrong than have to pay £2.50 to withdraw money. I went overdrawn once with HSBC and nothing happened, I did go in and put some money in as soon as i realised. Link to comment Share on other sites More sharing options...
Perky1106 Posted November 29, 2009 Share Posted November 29, 2009 I'd rather get punished for doing something wrong than have to pay £2.50 to withdraw money. I went overdrawn once with HSBC and nothing happened, I did go in and put some money in as soon as i realised. Yeah I'm with HSBC and they don't make nasty charges on their student accounts. They just charge the normal interest rate if you go past the overdraft limit. Though if I go over, I will always put it back into credit as soon as I realise. Link to comment Share on other sites More sharing options...
MrOrdinary Posted November 29, 2009 Share Posted November 29, 2009 well i got of lucky i went overdrawn twice last year in the space of a week got 2 £30 fines halifax have never taken that money out! good times! Link to comment Share on other sites More sharing options...
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