Tyler Morgan Claims Ltd is Regulated by the Ministry of Justice and provides a Claims Management Service to the general public.
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Bank Charges

Bank Charge Claims For many years the banks have charged whatever they wanted when:-
  • They bounced a Cheque
  • They didn't pay a Direct Debit or Standing Order
  • You went Overdrawn
  • You went over your Overdraft Limit
In response to concerns raised by consumers over bank current account charges, the OFT in March 2007 announced an in-depth study of retail bank pricing. This was in addition to a formal investigation into the fairness of bank current account charges.
In 2008 Mr Justice Andrew Smith ruled in the High Court that the OFT had the power to scrutinise the fairness of bank charges, under the 1999 Unfair Terms in Consumer Contracts regulations. The Royal Bank of Scotland, Lloyds Group, Abbey, Clydesdale, HSBC along with the Nationwide Building Society, which were party to the test case with the OFT, appealed against the ruling.

In January 2009 the Financial Services Authority (FSA) extended the "waiver" from its own rules which normally require banks to deal with complaints within a set time. The banks (many of which are largely owned by us the taxpayer) could therefore continue sitting on new complaints until the end of July 2009. The FSA said it had extended the waiver because the High Court test case on the bank charges was still going on.

In March 2009 the Appeal Court ruled that the Office of Fair Trading (OFT) has the power to investigate the issue of bank charges.

In April 2009 the House of Lords gave permission for the banks to contest the Court of Appeal's decision that bank charges can be subject to fairness rules.

Whilst the above means claims cannot yet be progressed, it is possible for your claim to be dealt with if you are in "Financial Hardship".

Tyler Morgan Claims Ltd. 9 Pike Hills Mount, Copmanthorpe, York YO23 3UU
Telephone (01904) 701761   Fax (0845) 833 1519   Website www.tylermorganclaims.com
Registered in England and Wales 6483151       Data Protection Register Number Z119902X
Regulated by the Ministry of Justice-Authorisation Number CRM14050
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