Can anyone help with companies claiming to get all ur bank charges paid back, is this a scam?

I have been asked to sign a contract and pay Â£15.00 up front and if i pull out before proceedings are completed i have to pay Â£500.00 compensation ?

no its not a scam
but the problem with these companies is that they charge a fee which can be up to 50% if you are successful
The upfront money is to get copies of your statements for the last 6 years from your bank

If you ask me i would claim the charges back myself without the 'help' of company
Go to your bank they will charge you up to Â£10 to get copies of the last years bank statements
Highlight ever charge you have ever received then send them to the bank asking for the money back.

A full guide of what to do is available i think in the GMTV website
i don't actually know that the link is by if you go on their website then type in reclaim bank charges you should be able to find what im talking about

DONT GO WITH A COMPANY! You don't need one-i did it all by myself and got my bank charges back.It wasn't difficult either. Just go to www.moneysavingexpert.com, just follow the instructions. Its a really good website for all money issues, the letters are ready to print off, just fill in your own details. These company's are just jumping on the bandwagon as a way to make money,but you don't need them.I got money back from Barclay's and Capital one by using this website, and i didn't have to pay a penny!

Its not a scam, and you have to pay compensation to pay for the companies time in dealing with your case, and also the costs involved such as postage, data protection fees and legal costs.

However, there is no need to use a company to claim your charges back for you. They have exactly the same chance of winning as you have if you did it yourself, so you might as well save yourself the money and put the claim in yourself!

Use the steps below, and the template letters on my site and you should have a good chance of getting a full refund of your charges.

The full process and timescales for claiming back your charges is:

1) Write to the bank and ask them for a copy of your charges for the last 6 years, or alternatively a set of statements for the same period. You do this by making a "Subject Access Request" under the Data Protection Act, enclosing a cheque for Â£10 made out to the bank. This by passes the banks normal charges for statements which is normal a large amount for 6 years worth. The bank have 40 days to send you the data.

2) Write to the bank asking them to refund your charges, giving them 14 days to reply, attaching a "Schedule of Charges" (a list of the charges you are claiming for).

3) Send the bank a "Letter before Action" giving the bank one last chance to refund your charges before you take court action. They have 14 days to reply.

4) File a claim online using the Money Claim Online web site run by the UK Court Service. The claim is served on the bank 5 days after its submitted. The bank has 14 days to acknowledge the claim. If they don't you can request a "Judgement by Default" and you win the case, and get your charges, statutory interest at 8%, and your court fees.

If they do acknowledge the claim, they then have 14 days to submit a defence (making 28 days in total from the date the claim was served). If they don't then you can again request a "Judgement by Default", and get back your charges, interest and court fees as above.

If they file a defence, then you and the bank get an "Allocation Questionnaire" to fill in. Some judges dismiss the case at this stage, as the bank can't win, so again you win. If this doesn't happen, a hearing date is allocated. The bank will most likely either back out before the hearing, or won't turn up in court. Again you win the case and get your charges, interest and fees.

Follow the correct procedures and you stand a good chance of getting your charges back! Its important to send all letters to the bank and courts by recorded delivery, so you can prove they were received, and more importantly when they were received (which you can find from the tracking section of the Royal Mail web site).

Also make sure that you send all letters to the banks head office, and not your local branch. Don't phone the bank either, as this can delay things and you have no proof of whats been said.

Have a look at my site below which has detailed step by step guides to the whole process of claiming your charges back. It also has template letters you can put your details into and send to the bank, and forums for one to one advice. We also have a guide to filing your claim in court online, which is unique to the site.

The site is free to use!

With bank charges the bank has to jusify the charge and are only allowed to clam back there loss. If you have bank charges go to the bank and get them to jusify it. If they don't or don't give a good enough reasion then that them to court.

It's not a scam, but it's a money-making enterprise. You can do it yourself.

There is no need to pay anyone for this. Go to the www.moneysavingexpert.com website run by Martin Lewis. This is a reputable site which gives free advice on this.

Don't do it!! Do it your self I've had thousands back from doing it with the free help of penaltycharges.com. It only takes a few hours of your time and you get all the money back to you!!

Hiya, below is a copy of the letter that we have all been sending out, not had anybody yet not get their charges bad....and dont pay any company anything!

good luck

YOUR NAME AND ADDRESS
YOUR BANK ACCOUNT NUMBER
YOUR BANK SORT CODE.

Dear Sir/Madam

Due to recent media coverage on bank charges, I now believe that you the (your bank) have been charging me charges that are contrary to the Unfair Terms in Consumer Contracts Regulations 1999. Schedule 2 (e) of the said regulations gives a non-complete list of terms, which may be regarded as unfair, such as a term that requires me a consumer who fails in his obligation, to pay a disproportionately high sum in compensation.

I believe that your charges are disproportionately high and therefore they are contrary to the Unfair Terms in Consumer Regulations 1999. In addition I believe that your charges are a Penalty. Penalty charges are irrecoverable at common law. The precedent for this was Dunlop Pneumatic Tyre Co Ltd v New Garage and Motor Co Ltd(1915) AC79 along with Murray v Leisure Play [2005] EWCA Civ 963. It was held that a contractual party can only recover damages for an actual loss of liquidated losses. It is clear that your charges do not reflect any actual and or real loss.

I currently have back statements showing charges of Â£(the amount).., therefore I have estimated that over the last six years the total amount of charges you have applied to my account is Â£*****. Consequently I require you to refund me a total of Â£****** representing the total, unlawful amount charged during the last 6 years.

If you disagree with this amount please supply me a copy of all the charges applied to my account dating back six years within the next 7 days.

I hereby give you 14 days to refund all the charges dating back six years on to my account, plus provide evidence that this is the total amount. For the avoidance of doubt, if this is not done within 14 days, I will commence legal proceedings without further warning.

This action will inevitably involve you paying additional costs.

I also hereby request a detailed report of which clause in your terms and conditions each charge has been applied against.

Yours sincerely

It sounds like the same company I'm using. If you're not too good at these things like me go with them. They will get you interest back at 8% too. One thing I would say is they take a long time and communication with them is virtualy impossible. When I first spoke to them they said it could take from 4 to 16 weeks and they would be in touch at each stage. It's now been over the 16 weeks, about 18, and I've had one email from them saying the amount they had calculated and that they had contacted the bank and they had 28days to answer. That was over 3 weeks ago and I haven't heard anything since. They take 25% of whatever you get that's over Â£1000 in my case but I haven't had all the hassle!
Feel free to email me if you want to know more.

you'd be best of doing it your self or using the templates that the BBC had on their web site it give all details and procedures. using a company to help you will cost you about 20% of the refund that you get. they bank should also help you you need to talk to them and be open and courteous.

go to the consumer action group - follow the step by step proceedures and do it yourself for free! I did it and it took appx 3mths but I got my money back! I also had my credit card taken off me because of it, so make sure you really think its worthwhile first

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