Reclaiming My Bank Charges … Part 1

July 21, 2007 at 0:28 | Posted in OI!!! Give it back ... ! | 1 Comment

Ok folks, this is quite a long article I’m posting here, but please bear with me . . .

Back in December 2005, I opened a new bank account with Alliance + Leicester,
for reasons of which would mean a long story about my previous employers,
the money they owe me, which I’ll probably never see again!

Anyway, over the course of the 19 months or so my A+L bank account has been
open there have been numerous charges applied, for direct debits that’ve been
bounced, causing my account to go overdrawn, thus resulting in a charge for
an unauthorised overdraft. Even though I never intended to go overdrawn
in the first place! Not at all! Deary me, no!

Anyway, to cut a long-ish story a bit shorter, while you’re currently out of work,
and trying to start a computer repair business with a friend, bank charges are
very much a hinderance. And since in recent months, there’s been a lot of
stuff about bank customers rebelling against their banks and claiming the
charges back, I thought it’s probably time I should do the same.

So, I grabbed a random handful of my A+L account statements covering about
ten months since August 2006, and I found that during that time, the total
amount of charges was £452!!! And that’s only for that 10 month period!

I know I’ve had a fair few charges on my account in the other months since
the account was opened in December 2005, so I’m sure the grand total is
probably quite a lot more than £452. Gawd knows how much more!

So, this week, I have ventured upon the first phase of my plan of action against
what is essentially profiteering and corporate greed, and get my money back!

First up, I opened up what is referred to as a “parachute account”. The reason?
In case A+L say, “Ok you can have your money back, now feck off!”, and close
my account with them. Which would be very unfair, but it could happen.

Secondly, I’ve sent a letter requesting details of all the excess charges that’ve
been applied since December 2005. Then, I’m going to add them all up, and
politely demand it all back. The lot! Every last penny of it.

(Well, I’ll certainly not settle for any less than 90% of it.)

I know that I’ve got every right to do this, and I can even threaten to take A+L
to the small claims court if they refuse my request to refund the charges, and
it is very likely they’ll do that. They know they’re in the wrong, and so they’ll
probably try everything they can, to avoid paying me back my money.

If you’ve read this far, thanks for bearing with me.

Now, if you have a bank account that’s had excessive charges applied at anytime
within the last 6 years, you too have the right to do as I’m doing now, like many,
others, write to the bank, find out exactly how much you’ve been charged,
and politely demand it back. And the end of the day, it’s your money,
don’t let these greedy corporate (barstewards) steal it from you!

Check out … MoneySavingExpert.com – Reclaiming Your Bank Charges … there’s
plenty of valuable information there, and template letters you can use should you
decide to take action against your bank, and reclaim what is rightfully yours.

I’ll keep you posted as to what happens with my situation.

Best Regards,
DJGM1974 – a.k.a. Greg Mitchell.

1 Comment »

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  1. Greg!

    Welcome back to the Internet! I know your internet has been off because of these charges!

    I’ve just been in a similar situation to you, after a PayPal Direct Debit on my joint credit card with Kassie was rejected again, and they’ve charged us over $400 in the last 4 WEEKS!

    I’ve contacted them, they say i need to get in touch with the account owner….but she’s thousands of miles away in Tokyo now!

    By the time K sorts it out, they’ll owe us over $1,000!

    Come on Messenger as soon as you can, i’ve got a loooong story about my disappearance!


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