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Claiming back bank charges is "rife"

By Sarah Engle, Tue 12 Aug 2008 - Published in Banking

Reclaiming of bank charges is an ongoing process and it will carry on until everyone has claimed back what they are due, according to needanadvisor.com.

Director Jo Roberts said: "Give it another six months and everybody that is going to claim probably will have."

She added a lot of bank staff were currently involved in working through the claims "because there are literally hundreds" of them.

A survey by uSwitch found the average amount banks were fining their customers was £25.73.

With the average person receiving a total of 8.37 fines, that means people in the UK have typically shelled out £215.36 for bank charges.

More than 18 million people have been faced with a fine from their bank.

A Consumer Action Group survey shows to date more than £18 million has been repaid to 9,824 people.

The bank that has paid back the most is Halifax, followed by HSBC and Lloyds TSB.