In the United Kingdom, bank charges, also called penalty charges, are made against people's credit card, store card, bank and some other accounts for going overdrawn or bouncing (failing to pay) a direct debit, cheque or standing order amongst others.
The practice of imposing these charges has become controversial in the UK, with customers and consumer watchdog groups claiming that the charges are much higher than allowed by law.
In one case alone, a businessman successfully reclaimed about 35,000 from his bank.
After considerable press coverage of the issue and the efforts undertaken by some people to recover overcharges, thousands of people are claiming the charges back plus a statutory 8% interest.
Consumers and businesses alike are suing banks and credit card companies in the small claims courts in Scotland, Ireland, England and Wales.
11/20/2008 03:52 AM
The Securities and Exchange Commission yesterday charged four individuals for overvaluing the commodity derivatives trading portfolio at Bank of
11/20/2008 05:29 AM
Kiwibank and Westpac have slashed home loan rates ahead of an expected Reserve Bank interest rate cut in December. ... Category: New Zealand...
11/19/2008 11:06 PM
...on the card. Mr. 261 called this afternoon to dispute charges. I transfered him to GM. Mr. 261 calls back with his bank lady on the...
11/20/2008 08:09 AM
Wu has been separately indicted on charges of embezzlement and forgery ... prosecutors, the US$21 million in desposits at bank accounts owned by
11/20/2008 04:48 AM
Prices are inclusive of all shipping & miscellaneous charges only. ... Bank Account Type & Number: (Talika) Lipocils Eyelash Conditioning Gel 10ml
11/20/2008 02:19 AM
The Text: Mr. John Ziegler, thirty-seven, late of Louisville’s WHAS, is now on the air, “Live and Local,” from 10:00 p.m. to 1:00 a.m. every
11/20/2008 12:58 AM
Parliament on Tuesday (18 November) lifted the immunity of Belgian far-right MEP Frank Vanhecke, who is facing racism charges in Belgium.
11/20/2008 01:35 AM
Most HIS systems are set to hold charges for X days after patient ... of millions of dollars poorly invested has escaped from their bank accounts.
11/20/2008 01:00 AM
...all proceeds will go to Bread for the World and Capital Area Food Bank. ... Seven Katy varsity cheerleaders indicted for hazing charges.
11/20/2008 12:37 AM
...bank robbers. Police say a central Pennsylvania man tried to rob a bank ... He arrested the 24-year-old female driver on drunken driving...