"ABBEY NATIONAL"
A review of Abbey National by Djacko21 - Wednesday 18th of April 2007
Some banks are doing the right thing and refunding customers, Abbey is not, you really have to fight to get your money back from them, I issued a County Court Summons Against This Bank On The 11th April 2007.
If you have been charged excessive fees, get your money back, If the bank refuses to refund, don't argue, Just take them to the County Court. It's easy and in some cases free.
This problem arises from the banks using poverty as a source of profit—a great deal of profit. The bank commission of BBC 2's "The Money Programme", which included eminent business academics and a former senior NatWest executive, concluded that the absolute maximum administrative cost to a bank of processing a bounced cheque—the most labour-intensive of the processes in question—is £4.50. For all other items, such as unauthorised overdrafts or bounced direct debits, the commission concluded that the absolute maximum, in this electronic age where everything is done automatically through a computer, is £2.50. However, the average charge is approximately £30. Some are as high as £38, and they are charged every time people make what the banks consider to be an unauthorised transaction. That is a substantial profit for the banks, which rake in some £4.5 billion, without even taking account of the similar examples that the Federation of Small Businesses found in business banking accounts.
Almost all of what is charged is profit, not costs. It is profit at the expense of hard-up customers. It is the biggest bank robbery in Britain, and it involves the banks robbing their own customers, especially their poorest ones. A common response when the practice is described is that there should be a law against it; but there is a law, or there are laws. First, under common law, disproportionate and punitive charges have always been illegal. In layman's terms, if a consumer breaks the contract the other party—the bank, in this case—cannot impose a charge greater than the reasonable estimate of its loss. That common law has been unchanged for 100 years, and numerous cases in the higher courts have confirmed it. However, we can go further. The rights in question are protected by statutory instrument. The Unfair Terms in Consumer Contracts Regulations 1999 made that clear.
IF YOU HAVE BEEN CHARGED EXCESSIVE PENALTY FEES/CHARGES BY YOUR BANK OVER THE LAST SIX YEARS, YOU CAN TAKE THEM TO COUNTY COURT TO RECOVER THOSE FEES AND IT WON'T COST YOU A PENNY IF YOU RECIEVE INCOME SUPPORT BENEFIT, JOB SEEKERS ALLOWANCE, OR YOU MIGHT HAVE TO PAY A REDUCED FEE IF YOU GET FAMILY TAX CREDITS.
IF YOU HAVE NO JOY IN YOUR CONTACT WITH THE BANK, JUST POP ALONG TO YOUR COUNTY COURT OFFICES AND FILL IN A SHORT FORM WITH 2 PROOF OF ID, AND PROOF THAT YOU ARE GETTING BENEFIT, THEN AFTER FILLING IN THAT FORM, FILL IN THE COUNTY COURT FORM TO ISSUE THE SUMMONS AT THE SAME TIME AND THAT'S IT.
GET THE BALL ROLLING, GET THOSE CHARGES BACK.
SHOW THEM YOU ARE NOT MESSING ABOUT, IT'S EASY,AND IF YOU WERE WORRIED ABOUT THE COST, DON'T BE, PROVIDED YOU FALL IN THE CATAGORY ABOVE, IT WON'T COST YOU ANYTHING...NOTHING TO LOSE, EVERYTHING TO GAIN....
GOOD LUCK TO YOU ALL
BANKS DON'T WANT CCJ'S
get your money back !
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