The first step to getting back your unfairly collected punitive bank charges is to send a reclaim bank charges letter to your bank. Each reclaim bank charges letter should look similar and should contain the same type of information.
In your reclaim bank charges letter you should include your bank account number, and the actual amount of charges that were collected from you unfairly. You should also mention in your reclaim bank charges letter that you as the consumer feel the charges are unlawful because they do not reflect the true administration costs. To find out more about getting your money back from the banks, simply fill out the 2 minute form or call us on 0800 840 72 91 and speak to a member of our team.
Although you are entitled to your unfair bank charges refund plus interest, in your initial reclaim bank charges letter you should request the net amount be returned without interest. You can add to your letter some text that indicates if your bank does not return the funds to you promptly that you will begin seeking all of the fees plus the applicable interest. Most banks will return the funds quickly since they have now been made aware that it is definitely unlawful to keep the funds once they have been requested.
Be sure to consider express or secure postage when sending the reclaim bank charges letter to your bank. It may be a good idea to post the letter in such a way that a representative of the bank must sign for it. This will ensure that you get notification of their receipt and if you need to seek legal counsel this will provide your case with some extra evidence.
More often than not the bank will settle and pay your fees back once they have been requested but you need to be sure to send in a true representation of the fees and not exaggerate the amount that you are owed. You can also consider sending in copies of your bank charges refund letter and statements that show the applicable fees highlighted with your reclaim bank charges letter. To start your bank charges claim today, simply fill out the quick and easy form or give us a call on FreePhone 0800 840 72 91 and speak to one of our friendly advisors.
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