Bank Charges

UnitedIrishman

Is it true I can claim back charges that the bank have taken through my account because of the Data Protection Act 1998?

Apparently these charges are illegal.

bounty

wtf?

BC

What have bank charges got to do with data protection?

BuffyBot

I think he may be thinking of a case in the UK, where Abbey was taken to court

Wikipedia wrote:

Bank Charges

Of recent times the Abbey has been coming under continued pressure from the UK government, customers and The Bank Action Group over unfair bank charges. In 2005/2006 Abbey were obliged to pay a relatively large out of court settlement to Stephen Hone, a law student who had sued the bank for the return of unlawful bank charges. The settlement was intended to prevent Mr Hone from continuing an action to seek a judicial declaration that Abbey's bank charges regime was unenforceable at Law. This has lead to a series of many further claims and court actions against the Abbey for the return of bank charges and to date the bank has settled them all rather than go to court. In one case in May of 2006 the Bank was even ordered by a court to make a full discloure which would have included damaging revelations of its bank charges regime. The Abbey Bank preferred to settle in order to avoid continuation of the litigation The bank has even acceded to refusals by claimants to accept the bank's condition of confidentiality. The bank is presently facing several related claims for breaches of the Data Protection Act 1998.

UnitedIrishman

BuffyBot wrote:

I think he may be thinking of a case in the UK, where Abbey was taken to court

That'd be the one.

Not sure if the same applies over here.

ircoha

[quote[ Originally Posted by Wikipedia
Bank Charges

Of recent times the Abbey has been coming under continued pressure from the UK government, customers and The Bank Action Group over unfair bank charges. In 2005/2006 Abbey were obliged to pay a relatively large out of court settlement to Stephen Hone, a law student who had sued the bank for the return of unlawful bank charges. The settlement was intended to prevent Mr Hone from continuing an action to seek a judicial declaration that Abbey's bank charges regime was unenforceable at Law. This has lead to a series of many further claims and court actions against the Abbey for the return of bank charges and to date the bank has settled them all rather than go to court. In one case in May of 2006 the Bank was even ordered by a court to make a full discloure which would have included damaging revelations of its bank charges regime. The Abbey Bank preferred to settle in order to avoid continuation of the litigation The bank has even acceded to refusals by claimants to accept the bank's condition of confidentiality. The bank is presently facing several related claims for breaches of the Data Protection Act 1998.[/quote]

There is a big difference:)

Anyway Bank charges here are low and transparent so I dont see the problem

parsi

They may be transparent but many people would have difficulty with them eg why pay a fee to get permission to have an overdraft and pay interest ? Surely the interest is the fee ?

Others might say why the gulf between lending charges and deposit interest ?