SDLP YOUTH: CHALLENGE UNFAIR BANK CHARGES! PERSISTENCE PAYS!
Tuesday, June 20th, 2006SDLP Youth have today urged young people to challenge unfair bank charges.
SDLP Youth Belfast Representative Peter Armstrong said “We have recently seen cases were consumers have challenged their banks and have been refunded thousands in unfair charges. This is great news.
“It is proof that the banks are taking advantage of their market position and over-charging consumers. Banks especially market credit cards and current accounts at students; students are no less affected by large penalties for going slightly over their overdraft limit or having a bill payment bounce.
“SDLP Youth want to make it clear to all the banks that young people won’t accept unfair charges. Students have enough financial worries without their banks taking their well-earned money.
“SDLP Youth wish to highlight the Consumer Council’s Stop Unfair Charges campaign, which has helped many students’ recover money from their banks. Their website provides useful advice and a letter template for writing to your bank. This is not about whether you should be charged or not - it is about how much you are being charged. SDLP Youth and the Consumer Council believe that the charges placed on accounts, which go into the red without permission, are excessive and unfair.
“SDLP Youth urge young people to avail of the Consumer Council’s expertise. Contesting bank charges isn’t hard to do. The first step is to send a letter asking for your charges to be refunded - the Consumer Council website has a sample you can download. The second step is to then make an application to the Small Claims Court - again the Consumer Council website has a sample you can download. The message is - don’t give up or be fobbed off. The banks are refunding charges here and none have taken the opportunity to defend their charges in Court to date.
“The Consumer Council is keeping a database of people who have been successful in getting their unfair charges refunded. Let them know how you get on so they can advise others facing the same problem of excessive penalty charges.”

