Disadvantages To Reclaiming Unfair Bank Charges
Your bank is not allowed to force you to close your account just because you claim against them.
If they do, you can complain to the FSA and might be awarded further compensation.
But consider that if in future you need an overdraft or further loan, or unexpectedly go overdrawn, will the bank look as favourably at your situation as now?
Also, if you have an overdraft, loan or mortgage with the bank and they forced you to close the account, would the bank fees reclaimed pay the overdraft, or could you be stuck looking for a new lender?
The best thing to do is to set up an emergency fall back account BEFORE you start the process.
The Alliance & Leicester offer (at time of writing) not only a favourable interest rate whilst in credit but a free overdraft for 12 months - see the banner below.
> Next, First Step To Reclaiming Unfair Bank Charges.
Click on the banners below to have a look at their services - the more people you contact the more likely you are to find a suitable claims agent.
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