I am terrible with money and am always getting charged. I reckon my bank is going to have to pay me back several thousand pounds
which is nice....
Posted by MF DU on 2006-12-15 10:18:26 +0000
I hear you there, brother...
Posted by I_changed_my_name on 2006-12-15 10:49:40 +0000
Holy crap!
Does this go for American Banks as well?
Posted by Corby Trouser Press on 2006-12-15 13:32:58 +0000
the legality is based upon common law in that penalty fees for default of a contract are illegal, the person who defaults (ie me going over my overdraft limit) will have to pay to rectify the damage caused to the other party by my default, however this is to repair the damage i have caused them not to give them a bonus prize for my defaulting. The actual cost to a bank for a bounced cheque etc is estimated to be about £4.50 not the £35 they charge.
I would check this out as contract law does not differ too much from country to country
Does this go for American Banks as well?
I would check this out as contract law does not differ too much from country to country