Debt Advice Apply Easily Online Today !

How Do You Stop Bank Charges ?

If you want to stop bank charges then the only way that you can really do this is to make sure that you do not incur them in the first place. This means making sure that you do not make late repayments and be charged fees for doing so, have cheques that bounce, go over your arranged overdraft limit or leave your direct debits unpaid. Ultimately there is no reason why you should have to pay these charges if you manage your bank account correctly. If you have financial difficulties or are on a low wage then you cannot afford to incur bank charges and should avoid doing so at all costs. However, if you have been careless and incurred bank charges then you may wish to look at claiming these back.

How do I claim back bank charges ?
One of the main reasons that you can try to claim back any bank charges is because they are considered unlawful. Although you expect some charges the amount that they ask for has been deemed above and beyond what is necessary.

If you wish to make a claim for your bank charges then you will need to write a letter to your bank detailing the amounts you are claiming for. In general you will be able to claim for the last six years of charges, or five if you live in Scotland. However the length of time you can claim for has not been completely decided so it is advisable to claim for a longer length of time to begin with.

There are a number of templates available that will help you to compile the information needed into a letter. It is advisable that you send this through recorded delivery so that you have proof it was sent. Once the bank has received your letter they will usually contact you with their decision; often this will be dependent upon the amount of your claim. If you receive no response or are unhappy with what you have been told then you can file a complaint at the small claims court.

It has been known for a small number of lenders to threaten to close your account but this is not the norm and you can easily open an account with another bank if necessary.