How To Claim Bank Charges Back

If you want to know how to claim bank charges back, then you’ve come to the right site!  The information on this site can help you make the right decision about which method would suit you best.  The 2 ways to go about claiming are the ‘DIY’ or ‘No Win, No Fee’ methods:

1) The ‘DIY’ Method

The ‘DIY’ or ‘Do It Yourself ‘ method, as it’s name suggests, is where you claim bank charges back by your own means.  The procedure for this is usually that you calculate what you think is owed to you and then write to your bank requesting a refund of those unfair charges.  If you have only one bank account, good maths skills and the time then this method is the best way to go.  However, if you are not good with numbers and have many accounts then it may be worth going the ‘No Win, No Fee’ route.

2)The ‘No Win, No Fee’ Method

With the ‘No Win, No Fee’ method you can sit back and relax while someone else does all the hard work!  There are now many companies offering a ‘no win, no fee’ service to claim back bank charges on your behalf.  They can take all the stress out of the reclaiming process while you carry on with your everyday life.  Their financial experts understand that you need an easy, secure and trouble-free process and are committed to providing you with a professional service.  When your claim is successfully won the company take a commission for their work.  Their going rate is around 8%, but this can vary a little.  A small cost to pay considering the average bank reclaim is £2000.

So, if you have the maths skills and the time try the ‘DIY’ method but if not go for the ‘No Win, No Fee’ route.