{"id":11129,"date":"2013-12-11T14:07:18","date_gmt":"2013-12-11T14:07:18","guid":{"rendered":"http:\/\/tat.reddaisytrading.co.uk\/index.php\/2013\/12\/11\/how-to-reclaim-unfair-bank-charges-such-as-overdraft-charges\/"},"modified":"2013-12-11T14:07:18","modified_gmt":"2013-12-11T14:07:18","slug":"how-to-reclaim-unfair-bank-charges-such-as-overdraft-charges","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2013\/12\/11\/how-to-reclaim-unfair-bank-charges-such-as-overdraft-charges\/","title":{"rendered":"How to reclaim unfair bank charges such as overdraft charges"},"content":{"rendered":"<div id=\"content\">\n<h3>What to do if you think you have been overcharged unfairly by your bank<\/h3>\n<div id=\"mas-article\">&#13;<\/p>\n<p><a class=\"publish2_link\" target=\"_blank\" href=\"https:\/\/www.moneyadviceservice.org.uk?utm_source=publish2&amp;utm_medium=referral&amp;utm_campaign=www.theasiantoday.com\"><img decoding=\"async\" border=\"0\" alt=\"Money Advice Service\" src=\"https:\/\/www.moneyadviceservice.org.uk\/assets\/logo_en.png\"\/><\/a><\/p>\n<p>&#13;<\/p>\n<p>If you have incurred excessive overdraft charges or other bank fees, there\u2019s a chance you could get a refund or come to an arrangement with your bank, especially if you\u2019re in financial hardship. Start by talking directly to your bank. If that doesn\u2019t work, you may be able to get be free help. <\/p>\n<p>&#13;<\/p>\n<h2>Is it worth trying to reclaim overdraft charges? <\/h2>\n<p>&#13;<\/p>\n<p>Yes, absolutely. It takes a bit of effort, but remember: <\/p>\n<p>&#13;<\/p>\n<ul>\n<li><strong>you\u2019ve got nothing to lose<\/strong> except, perhaps, a few hours writing letters<\/li>\n<p>&#13;<\/p>\n<li><strong>it won\u2019t cost you anything<\/strong> \u2013 if you\u2019ve got a case it\u2019ll be investigated for free, and<\/li>\n<p>&#13;<\/p>\n<li><strong>your bank won\u2019t penalise you<\/strong> or treat you differently for complaining<\/li>\n<p>&#13;\n<\/ul>\n<p>If you think you\u2019ve been unfairly charged <strong>it\u2019s always worth asking.<\/strong><\/p>\n<p>&#13;<\/p>\n<p><strong>Who can reclaim charges?<\/strong><\/p>\n<p>&#13;<\/p>\n<p>Since the rules changed back in 2009,<strong> it\u2019s much harder than it used to be<\/strong> to reclaim excess bank charges, <strong>but it\u2019s not impossible.<\/strong><\/p>\n<p>&#13;<\/p>\n<p>Anyone can write or speak to their bank and ask for a refund and, if that doesn\u2019t work, you can always ask <strong>the Financial Ombudsman Service to investigate (for free).<\/strong> They can help in many situations, for instance if: <\/p>\n<p>&#13;<\/p>\n<ul>\n<li><strong>you\u2019re in real financial hardship<\/strong> \u2013 perhaps you\u2019re struggling to buy necessities and pay bills, or you\u2019ve lost your job<\/li>\n<p>&#13;<\/p>\n<li><strong>the charges are unfair compared to what you did<\/strong> \u2013 say you went overdrawn \u00a31 and were charged \u00a335, or<\/li>\n<p>&#13;<\/p>\n<li><strong>you\u2019re stuck in a spiral of charges<\/strong> \u2013 the charges keep putting you into the red, and the overdraft keeps earning you more charges<\/li>\n<p>&#13;\n<\/ul>\n<h2>How to reclaim &#8211; the Money Saving Expert step-by-step guide <\/h2>\n<p>&#13;<\/p>\n<p>We think Money Saving Expert currently has the best guide on how to reclaim bank charges. All you need to know is in their <a class=\"publish2_link\" target=\"_blank\" href=\"http:\/\/www.moneysavingexpert.com\/reclaim\/bank-charges?utm_source=publish2&amp;utm_medium=referral&amp;utm_campaign=www.theasiantoday.com\">step-by-step reclaiming guide<\/a><\/p>\n<p>&#13;<\/p>\n<p>The guide helps you: <\/p>\n<p>&#13;<\/p>\n<ul>\n<li><strong>decide if you\u2019re eligible<\/strong> and whether to complain<\/li>\n<p>&#13;<\/p>\n<li>work out <strong>how much you might get<\/strong><\/li>\n<p>&#13;<\/p>\n<li>find out how to <strong>complain to your bank<\/strong><\/li>\n<p>&#13;<\/p>\n<li>write <strong>good complaint letters,<\/strong> with sample letters and template to make it easier, and<\/li>\n<p>&#13;<\/p>\n<li><strong>take it further<\/strong> with the Financial Ombudsman if your bank won\u2019t help<\/li>\n<p>&#13;\n<\/ul>\n<h2>What not to do <\/h2>\n<p>&#13;<\/p>\n<div class=\"callout\">&#13;<\/p>\n<h3>Don\u2019t use a claims management company <\/h3>\n<p>&#13;<\/p>\n<p>They\u2019ll charge you to manage your case and you can get the same help for free. <\/p>\n<p>&#13;\n<\/p><\/div>\n<p>&#13;<\/p>\n<ul>\n<li><strong>Do not use a claims management company!<\/strong> They will charge you to reclaim money \u2013 you can do it yourself and avoid paying them a portion of any refund.<\/li>\n<p>&#13;<\/p>\n<li><strong>Take care when using the web.<\/strong> Most search results about reclaiming charges are from claims management companies looking to get money out of you. And, because the rules changed in 2009, <strong>the web is riddled with wrong information<\/strong> about reclaiming bank charges.<\/li>\n<p>&#13;\n<\/ul>\n<p>This article is provided by the <a class=\"publish2_link\" target=\"_blank\" href=\"https:\/\/www.moneyadviceservice.org.uk\/?utm_source=publish2&amp;utm_medium=referral&amp;utm_campaign=www.theasiantoday.com\">Money Advice Service<\/a>.<\/p>\n<p>&#13;<br \/>\n<img loading=\"lazy\" decoding=\"async\" id=\"publish2_tracking\" width=\"1\" height=\"1\" alt=\"\" src=\"http:\/\/www.publish2.com\/static\/tracking?distributor_id=4668&amp;account_type=google_analytics&amp;account_id=UA-4205932-1&amp;format=rss&amp;partner_name=The_Asian_Today&amp;story_id=5788446&amp;delivery=webfeed&amp;story_title=How%2Bto%2Breclaim%2Bunfair%2Bbank%2Bcharges&amp;partner_feed_id=1953&amp;distributor_feed_id=1128&amp;content_type=story&amp;usage=web_full&amp;path=%2Fen%2Farticles%2Fhow-to-reclaim-unfair-bank-charges%3Fpublish2_story_id%3D5788446%26publish2_byline%3DNone%26publish2_categories%3Ddebt%2Bdealing-with-debt-disputes%2Bmanaging-your-bank-account%2BManaging+Your+Money%2BDealing+with+debt+disputes%2BManaging+your+bank+account%2Bcustomview_1394%2Bcustomview_1953%26publish2_partner_name%3DThe_Asian_Today%26publish2_partner_id%3D4951&amp;export_id=&amp;partner_id=4951&amp;nativead_feed_id=0\"\/><\/p>\n<p>&#13;\n<link rel=\"canonical\" href=\"https:\/\/www.moneyadviceservice.org.uk\/en\/articles\/how-to-reclaim-unfair-bank-charges\"\/><\/p>\n<p>&#13;\n<\/p><\/div>\n<p>&#13;\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What to do if you think you have been overcharged unfairly by your bank &#13; &#13; If you have incurred excessive overdraft charges or other bank fees, there\u2019s a chance you could get a refund or come to an arrangement with your bank, especially if you\u2019re in financial hardship. Start by talking directly to your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-11129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/11129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=11129"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/11129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/11753"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=11129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=11129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=11129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}