Bank Claims News

HSBC Could Have To Repay Over £300, it estimates if the Office of Fair Trading win the court battle on overdraft charges. It paid out £115 in reclaimed charges in 2007 the bank revealed today. March '08

Reclaiming Bank Charges

Reclaiming Background

Reclaiming Unfair Bank Charges has been in the news a lot recently and a lot of people are reported to be being very successful with reclaiming bank charges. But can you claim? Do you need a solicitor?

Are solicitors required for reclaiming bank charges?

If your claim isn't going to be complicated then there's probably no need to get a solicitor involved. Most of the process can be handled through the small claims courts and probably from your own home.

But if your claim is complex or you know you just won't bother reclaiming yourself without help, then the expense is possibly worth it. But look for a no-win no-fee solicitor and check what their charges will be.

If you have paid unfair charges, make sure you reclaim them from your bank.

Whether you go it alone or appoint a solicitor, or start off yourself and seek professional help if the bank uses their tricks to delay the case, remember that it is important to continue your claim. If you stop, lose interest or just forget to go to the next step, then the bank has won. If this is likely to be you, write down the steps in your diary or get in touch with a solicitor who advertises support for reclaiming bank charges.