Reclaim your Bank Fees

One of the most powerful benefits of the internet is access to information and this benefit continues to challenge the business status quo

High Street Banks have long been accused of ripping off customers with the high charges they impose for minor account problems. Complaints against banks have soared, according to the Banking Code Standards Board, with most about interest rates and unfair charges. 

The internet is largely responsible for this rise in consumer power, as people are able to access information, share it and easily download documentation off the web to action the complaints. In some cases people have been succesfully recovering thousands of pounds from their banks.

Before the advent of the internet it would have been far more laborious and newspapers and word of mouth would have been the only way of finding out about successful actions. Without knowledge of people's successes, methods and help tools, most people wouldn't bother.

Business has been quick to act too, with several companies offering a 'no win no fee' service with hundreds of people using these businesses. Typically fees are 25%.

The banks are fighting back however, by forcing people to close their accounts and generally making life difficult for them. 

If you are looking to reclaim your bank charges visit ThisisMoney

Are you the source of valuable information? Call us on 0800 0430764 to find out how to monetise this information