Bank Closes “Charge Rebels’” Accounts
June 8th, 2006 | POSTED BY ROB
There has been another twist in the saga of consumers claiming back excessive charges on their bank accounts.
Alliance & Leicester has decided to close the accounts of those people who have taken them to court in order to reclaim these charges. The rebel A&L customers have been sent letters stating that their accounts will be closed in 30 days.
The recent rulings by the Office of Fair Trading and the subsequent campaign by Which? has meant a big rise in the number of people claiming back charges on their account, and so this is something we may well see more of in the coming months. According to the Banking Code (read about some of the holes in the Banking Code), Alliance & Leicester are well within their rights to do this. What the customers themselves will now think is unknown.
1 Comment on “Bank Closes “Charge Rebels’” Accounts”
Don’t Leave Your Life Uninsured / Personal finance and money information, tips and links / Money Watch, June 19th, 2006 at 10:39 pm
[...] If you’re planning on switching banks (maybe you’ve reclaimed fees and they’ve shut your account, or you’re simply after a better account elsewhere), it pays to make sure that all of your Direct Debits are transfered succesfully. It amazes me at the number of people who inadvertantly lose their life cover after missing a Direct Debit - often caused by changing banks. [...]