free money
This post is quite apt for this qotw.

All these banks who charge £30 for going £5 over your limit are not allowed to do it. Ask for it back and they HAVE to pay you back.

Basically, the OFT (Office of Fair Trading) have said that any bank that charges more than £12 in fees is taking the piss. So, you can write to your bank and reclaim them. Honest!!

go and read this site:

www.fool.co.uk/news/Comment/2006/c060630f.htm

All you have to do is get a list of all charges made against the account in the past 6 years (you can't reclaim if it's older than that). Your bank is obliged to send you the information under the Data Protection Act.

Then, ask for it back. The bank will say no, then they will say no again, then they will say no some more. After that, you take them to the small claims court. They will then shit themselves and cough up the lot - plus interest - before the court case comes around.

You can do this on EVERY card and account you have.

Remember to click "I like this" so more people see it.

Together we CAN beat the banks!!.... well, maybe reduce their profits to less than eleventy billion dollars a picosecond.


EDIT: someone reminded me that some banks will close your account down after you claim your charges back, so you should open a second account - even just a "basic" bank account will do (if its just for paying in wages and dd's etc) - most banks offer them. (I am opening one with natwest - just in case!)
(daveshane An ah dohn make no sense, but baby ah'm the shit, Sat 25 Nov 2006, 17:21, Reply)