Can you claim back excessive bank fees?

The Court of Appeal is considering the OFT case against banks, who are accused of making unfair profits through excessive bank charges. So will you be able to get any of your money back?

"The bank charges battle at the High Court could be derailed", says Alan O'Sullivan on Thisismoney.co.uk. That would spell bad news for "the entire consumer campaign to win back between £20bn-30bn in unfair bank charges". So what's going on? In April this year "bank charges reclaiming history was made", says Martin Lewis on Moneysavingexpert.com.

That's because a High Court judge ruled, in effect, that seven UK banks (Abbey, Barclays, Clydesdale, HBOS, HSBC, LloydsTSB and RBS) currently take what the Office of Fair Trading (OFT) estimates is up to £2.5bn from their customers in unfair unauthorised overdraft charges every year. As a result, says The Guardian's Jon Robins, the OFT was allowed to decide what should be classified as unfair charges under a piece of legislation with the racy title, 'the Unfair Terms in Consumer Contracts Regulation 1999'.

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