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Does Bank Charges Loss Mean Anything?

Martin Lewis, moneysavingexpert.com.

According to a report on BBC News a district judge has ruled against allowing someone to reclaim bank charges.   As discussed here before, the campaign to reclaim charges is something I've been heavily involve in, in fact this morning I put out a press release that over 3,000,000 template letters have now been downloaded from my bank charges reclaiming guide.

This result was a bit of a shock, but there’s no cause for panic. This is not a precedent setting case (in other words no other court has to look at this decision and follow it). Across the country the banks are still paying out many tens of thousands a day see bank charges success reports.

My strong suspicion is ....

Bank Charges Ruling Delayed

Martin Lewis, moneysavingexpert.com.

The OFT has delayed giving its opinion on whether it is legal or not for the high street banks to whack consumers who slip only a few pence into the red with penalty charges of up to £30 or more. Instead it's going to mount a full investigation (read Paul's earlier post for an explanation of the issue).

Now, let me declare an interest before I spout forth on this: I'm one of the guys behind the reclaim the charges campaign. No fewer than 2,150,000 free template letters have already been downloaded from the bank charges article on my site, so I'm party pre.  Yet in the interviews ...