Sunday, Jan 28, 2007

Which report on overdraft charges

Firstrung: Is your bank taking you for a mug? Which uncover bank overdraft tactics

A Which? exposé has uncovered the tricks that some banks are using to deter customers who challenge their overdraft charges. And it's not only those who confront their bank that suffer.... Which? discovered that some banks are: Closing - and threatening to close - accounts
Passing accounts to debt collectors Delaying requests for statements and charging too much for them Delaying their responses to, or ignoring, customer letters. Which? has also heard of some customers being offered personal loans or increased overdrafts in place of refunds.

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