Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
OFT: Overseas bank charges will be simplified in 2012

Banks do not give clear information to consumers regarding credit card charges when they use their banks abroad, but this should soon change.

This is according to a spokesman from the Office of Fair Trading (OFT), who told the Scotsman the industry has agreed to make significant alterations in this area, following an investigation into the practice the public body conducted last year.

Members of the public will be better informed of any bank charges they incur when they spend money abroad, the representative added.

"Consumers should see the benefits of this work during 2012," he continued.

A spokeswoman from Consumer Focus Scotland pointed out to the publication that people do not wish to return from holiday to view a "raft of transaction charges on their bank account".

Any fees financial institutions impose on their customers have to be "absolutely transparent and fair", she argued.

OFT chief executive John Findleton had previously asserted banking companies ought to earn their profits through providing high-quality, good-value services, instead of through these credit card charges.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-801298749-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

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 B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN 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.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide