Call to arms issued over banking charges

Fri, 18 May 2007

Banking customers have been urged not to lose heart following a controversial court ruling over banking charges.

Earlier this week, Birmingham county court decided a case in favour of financial services provider Lloyds TSB concerning whether its decision to enforce banking charges was legal.

In recent months, thousands of people have made claims against their banking organisation after being charged for practices such as falling into an unauthorised overdraft.

According to Which?, more than 387,000 people have downloaded its banking charges reclamation template so far and the consumer group's personal finance campaigner Emma Bandey has urged people to continue the fight.

"This news must not deter people from reclaiming their bank charges," she said.

"People shouldn't be scared or worried about continuing with their claim or indeed starting one."

Last month, the Office of Fair Trading formally announced that it would be investigating the issue of banking charges to consider if customers are being unfairly penalised.

Meanwhile, one person who has won a claim against their financial services provider over the issue is decorator Lisa Joseph, reports the Argus.

In a case at Worthing county court, Ms Joseph's challenge resulted in the judge ordering Barclays to repay her £1,100 and £120 in costs.

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