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    Bank's overdraft charges upheld !!

    Lloyds TSB has become the first bank to win a court case after being sued by a customer for imposing supposedly unfair overdraft penalty charges. District Judge Cook, at Birmingham County Court, dismissed a claim for £2,545 from Kevin Berwick.

    Mr Berwick argued Lloyds TSB's charges for having an unauthorised overdraft were illegal contractual penalties. But Judge Cook decided the bank's charges were in fact legitimate fees for servicing an overdrawn account. As such, the judge said they were legal.

    news.bbc.co.uk/1/h…stmnews.bbc.co.uk/1/h…stm

    7 Comments

    edi

    Lloyds TSB has become the first bank to win a court case after being sued … Lloyds TSB has become the first bank to win a court case after being sued by a customer for imposing supposedly unfair overdraft penalty charges. District Judge Cook, at Birmingham County Court, dismissed a claim for £2,545 from Kevin Berwick. Mr Berwick argued Lloyds TSB's charges for having an unauthorised overdraft were illegal contractual penalties. But Judge Cook decided the bank's charges were in fact legitimate fees for servicing an overdrawn account. As such, the judge said they were legal. ]http://news.bbc.co.uk/1/hi/business/6657025.stm



    OMG

    Oh, no! The worm turns! It was only a matter of time.:x

    edi

    Lloyds TSB has become the first bank to win a court case after being sued … Lloyds TSB has become the first bank to win a court case after being sued by a customer for imposing supposedly unfair overdraft penalty charges. District Judge Cook, at Birmingham County Court, dismissed a claim for £2,545 from Kevin Berwick. Mr Berwick argued Lloyds TSB's charges for having an unauthorised overdraft were illegal contractual penalties. But Judge Cook decided the bank's charges were in fact legitimate fees for servicing an overdrawn account. As such, the judge said they were legal. ]http://news.bbc.co.uk/1/hi/business/6657025.stm


    As this judgement has come from a district judge, it is not binding on … As this judgement has come from a district judge, it is not binding on any other court, in the way that a High Court judgement might be.



    We will have to see what happens if he appeals against the decision

    It's a District Judge. Some of them come up with all sorts of craziness when they get out fo bed the wrong side.

    Original Poster

    Whatever said, this is a blow to consumers and morale booster for the banks :-(

    edi

    Whatever said, this is a blow to consumers and morale booster for the … Whatever said, this is a blow to consumers and morale booster for the banks :-(


    No it's not, because he was living/abusing his OD, on the other hand I was dragged into an OD situation by the bank because they refused to stop my card being used. In the end I allowed the account to fester and the court ruled in their favour but now I am appealing as none of the money the bank charged me was my doing.

    Totally agree with Crazy1.

    I work in a bank and it REALLY gets on my nerves that people are getting their fees back when they have completely abused their accounts. Fair enough if the Bank have been worng in anything then yes refunds should be given.

    In the Bank I work for we have always refunded fees charged when they shouldn't have been applied.
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