Belmont Thornton Logo
PPI Claims - About PPI

Claiming Back Bank Charges

Have you ever paid over the limit or late payment fees on your credit card? Did you know that, following a formal investigation, you may be able to claim these fees back?

Following numerous customer complaints, in 2006 The Office of Fair Trading (OFT) investigated the charges applied by credit card companies, banks and other lenders. Their investigation revealed many banks were charging fees that were legally unfair. They urged lenders to immediately lower fees and this allowed many people to start claiming back bank charges. Keep reading to find out how!

The OFT report was very critical of lenders and claimed many charges had 'generally been set at a significantly higher level than is legally fair.' The report summarized how many customers had felt for many years and was welcomed by many consumer action groups.

For many the OFT investigation was long overdue as for many years lenders had made huge profits from charging customers for late payment and over the limit fees. Some charged as much as £35 on every single occasion a limit was exceeded or a payment was made late, even if the limit was exceeded by just a pound or the payment made just one day late. The fees brought in more than £300 million a year for lenders and provided a healthy additional revenue stream. The charges were criticised by many, though, as they affected the most financially vulnerably and often caused them to spiral into debt. Now, thanks to the OFT investigation, many of these people have begun claiming back bank charges unfairly applied to their accounts.

Lenders attempted to defend the charges saying they were necessary to cover costs. The OFT rejected this idea, though, and maintained the fees were unnecessarily high and unfair to the customer. The OFT did concede that a charge was appropriate, but suggested that it should be capped at £12. This amount allows for the cost of administering accounts, postage and a slight provision for IT costs.

Since the investigation most lenders have lowered charges to £12 and now, those who have paid higher fees in the past, can start claiming back bank charges. For many of the worst affected people this can amount to hundreds, if not thousands, of pounds.

If you believe you have been charged over the limit or late payment fees that you were legally unfair you can start claiming back bank charges today. To get started simply complete the quick claim form above. Remember there is no limit to the number of claims you can make and you really could be owed hundreds or even thousands of pounds. We have already helped more than 60,000 customers make claims and, in total, we have claimed back in excess of £50 million pounds. We aim to make claiming back bank charges as simple as possible and will guide you through every step of the process. Remember there is no limit to how many claims you can make and you can even make a claim if your credit card has been paid off or you no longer use the account. Just click to claim!

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide