Woolwich

[speedtrip]

I have just switched lenders from Woolwich which was in arrears.

I had an open plan account and had to resort to borrowing from this to keep going.

During the course of year the balance rose from £3k to £5k. The £3k works like an authorised o/d but when I fell behind the arrears meant I went over the £3k o/d limit and was hit with int and charges.

Is anybody familiar with this and do you think I could claim anything back.

I also bank with Barclays so dont wish to upset the applecart.

It was cleared when I remortaged.

[slick132]

Hi Speedy,

I'm not familiar with this but, if you suffered bank penalty charges for being over your o/d limit, reclaim them now.

And never mind the Applecart - this doesn't seem to be a real problem - more of an Urban Myth (with Barcalys anyway).

Slick

[speedtrip]

thanks for your reply

im concerned as I have 3 account with Barclays one a business a/c.This Open Plan Woolwich account was linked to my Woolwich mortage.

The question is are they deemed bank charges. They were charging me £3 per day while over the limit plus interest.

Before I risk losing Barclays (transfer a/cs) i need to be sure.

I think they are describing them as interest and admin charges not late payment charges.

[slick132]

Speedy,

Firstly, I have a business a/c with B's and they repaid £3K+ to me before the OFT Stay debacle (I was dead lucky to get settled when I did). I also have another 5 B's a/c's and there's been no trouble whatsoever re. ongoing banking.

I'm far more familiar with penalty chgs and don't know if the £3/day qualify as such. How are the charges described by B's on statements, and what did they total.

Slick

[slick132]

Speedy,

Just to mention, I also read today that business a/c's are sposed NOT to be affected by the OFT case and resultant Stays.

Slick