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# How To Reclaim Excessive Bank Charges - Some Customers Have Reclaimed

In 2006 the combined profits of the UK banks topped £33billion or to put it another way £33,000,000,000. Now, we have no problems with any company or industry making bumper profits but only if they offer a fair service which in many cases the banks don’t. As an example of this - The banks have made literally billions in profits over the last 10 years charging outrageous fees for unauthorised overdrafts, late payment charges, unpaid cheques etc - you know the score. But some are now arguing that these fees are actually illegal and have been fighting the banks to reclaim these charges. And the great news is that the majority of these consumers have been winning! If you feel you’ve been unfairly taken advantage of by the banks when it comes to charges there’s never been a better time to fight back. Note: you can still fight to reclaim charges on accounts which have long been closed and this strategy works for Credit Cards as well.

### How To Proceed With Reclaiming Bank & Credit Card Fees

We could easily write another 1,000 words here and fill you in with the ins and outs of claiming against your bank/credit card company. However, the best course of action for you to take it to - –

- Sit down for at least 30-60 minutes and read up on the two excellent websites listed below
- Not only do they offer a complete strategy for you to follow but they’ve both got Chat Forums where real people with real stories and advice can be found
- Note, the key to using a Forum effectively is to -

- never ask a question until you’ve first had a good read of what’s already been published, and secondly
- Use the ‘Search’ function

- www.penaltycharges.co.uk
- www.consumeractiongroup.co.uk

Personally we think the first website has the slight edge over the second because it’s smaller and has a more personal touch. But don’t get us wrong the Consumer Action Group site is still a great resource. Warning - If You Don't Sue You Won't Be Taken Seriously No business makes mega-money by being an easy touch and the banks are making billions of pounds worth of profits a year. It's now become apparent that unless you take your bank to court you have little, if any chance of winning the full amount you're owed. Instead, the bank will play with you, and you'll end up in a game of letter tennis, you write them a letter, they write one back, you write another, they reply etc etc. Basically you'll get nowhere apart from perhaps an offer to settle from your bank of around 20% of what they've taken from you. But if you follow the strategies listed in the 2 websites above Court action is a must. Don't be scared by this though because it's actually a very simple process and the chances of the case going to court are most probably less than 1%. It's in the interests of the bank to settle. In a nutshell the process works something like this -

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