The law is quite clear that penalty charges made for breach of contract are unenforceable!
http://www.stepaway.org.uk
On average a financial institution will charge you in the region of £30 per item for bounced cheques, late payments or exceeding an overdraft limit and, considering that that excess may be as little as 50p, we feel that these charges are certainly not proportionate!
It gets worse for, having been charged £30 for your 50p oversight, you will then be charged interest on top which, if like most of us from time-to-time, you've exceeded your limit by a few hundred pounds the charges really begin to add up!
The real question is, does it really cost £30 for a computer generated letter to be issued and posted? If the answer is “NO” then the charge is not only massively disproportionate but it's also unlawful.
Reclaim your bank charges
If you think that you've been overcharged by your bank, building society or credit card company but are unsure what to do next, or if you would like further information, please contact http://www.stepaway.org.uk directly on 0161 442 6344 or email us at enquiries@stepaway.org.uk
It's time to reclaim what is legally yours!
First Step Legal Limited, Suite 1, Discovery House, Crossley Park, Crossley Road, Stockport SK4 5BHTel: 0161-442-6344 Fax: 0161-432-7967 Contact Email: enquiries@stepaway.org.uk
Company Registration Number: 05562219 Registered Address: 93 Wellington Road North, Stockport, Cheshire, SK4 2LN United Kingdom
Regulated by The Department for Constitutional Affairs in respect of regulated claims management activities. Registration Number : CRM3476
Reclaim Bank Charges - Refund Bank Charges - Recovering Bank Charges
Mis Sold PPI - Refund PPI - Personal Protection Insurance Refunded
