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Can I Claim Back Bank Charges

Can I claim back bank charges has been on the mind of numerous payment protection insurance policyholders. Bank loan policyholders especially want to know can i claim back bank charges because bank charges such as service fees, overdraft fees, and late fees can add up to a lot of money. Considering the fact that bank loans attribute for a large percentage of mortgages and everyone knows houses are not cheap consuming on average 10% of the potential home owners income. If one was to add payment protection on top of a mortgage and you could be looking at an additional 50% of the value of the mortgage.

Payment Protection Claims History

Payment protection claims have been on the rise in recent years. In 2009 a new record was set for the number of PPI claims sent before the Financial Ombudsman Service. This number exceeded 30,000 complaints in regards to payment protection insurance. However, the next year that number jumped almost an additional 20,000 complaints to just under 50,000 complaints. With complaints on payment protection insurance so high it's understandable why many consumers want to know can i claim back bank charges. The consumers asking can i claim back bank charges are normally to have been mis-sold payment protection in accordance with their bank. In order for someone to qualify to claim back bank charges they must first prove they were mis-sold payment protection insurance. In order for a mis-sale to take place a service or good will be sold to an individual with no need or use for the service of good. Much in the way of selling someone car insurance and they do not own a vehicle. Mis- sales can occur in a variety of different ways.

  • Lenders forcing borrowers to apply for payment protection in order to receive loans or bank cards.
  • Lenders not letting borrowers know that payment protection insurance is completely optional.
  • Borrowers not may made aware of the fact that if they are over 65 years of age then more than likely they would not qualify
  • Borrowers being ignorant of the fact that they had payment protection insurance because lenders put them in with the rest of the paperwork.

If a mis-sale had taken place in your life in regards to your payment protection policy then the answer to can i claim back bank charges could be yes.

How to Claim Effectively

When policyholders are wondering can i claim back bank charges they should be putting plans into motion that could give them the desired results. PPI claims companies are springing up everywhere. These companies have staff trained in the area of payment protection. These companies can answer can i claim back bank charges and so many more questions. The best PPI claims companies are those who are certified by the Ministry of Justice. The Ministry of Justice role in PPI claims companies is to ensure that all PPI claims companies customers are treated fairly.


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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

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