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Bank Charges

Are UK Banks Breaking The Law?

Ever had a bank charge? Maybe it was because a direct debit was applied to your account at the wrong time of the month, a cheque was “referred”, or failed to clear on time. We have all heard stories of people receiving a £35 letter charge to inform them that their account was less then £1 over drawn and probably commented “That’s criminal”.

Well what if it was? If the banks were actually breaking the law imposing these charges and they had to give them all back.

Last year the major UK banks declared a combined profit of £18 billion, of this it has been declared that  £4.8 BILLION  was attributed to bank charges. Guess what?

There is a growing consensus that these charges are not in fact legal and actually constitute a punitive fee, which cynically applied, vastly improves profitability of the banks.

So if you have been charged illegally shouldn’t you be able to claim the charges back?. Well yes, but be warned, the banks aren’t happy about returning these charges (we can think of 4.8 billion reasons why!) and many will fight, using every trick in the book to avoid paying or cause unnecessary delay and so far this year the banks have returned around £8 million in charges.

"Clients just need to return two simple forms and sit back and relax"

In an attempt to take away the stress element to the client, Data Controller registered, Knoland Legal. professionally engage your bank and negotiate the return of the last SIX YEARS (FIVE YEARS in Scotland) charges. Our in house legal team ensure protection to the client should we need to go to court (all part of the service!). It couldn’t be simpler. Clients need to return 2 simple forms and sit back and relax. We do the rest.

We are keen to publicise our campaign to end these extortionate charges and help consumers recover what is rightfully theirs.

 

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