Discussing UK law. Links: swarb.co.uk | law-index | Acts | Members Image galleries

Bank Error in your favour collect £30

Law of banking - cheques, PPI etc. Insurance, Financial Services/

Bank Error in your favour collect £30

Postby tph » Wed Jan 07, 2015 11:20 pm

Thought I would share this with you.

I received a letter from a bank about a loan I repaid a couple of years ago. During the period of the loan the bank failed to issue an annual statement on time (not that I noticed). Apparently if they fail to issue the annual statement on time they are not able to charge interest on the loan until a statement is issued.
User avatar
tph
 
Posts: 615
Joined: Sun Nov 04, 2012 11:54 pm

Re: Bank Error in your favour collect £30

Postby dls » Thu Jan 08, 2015 7:28 am

. . but they also charge you for the letter with the annual statement.

Welcome back
David Swarbrick (Admin) dswarb@gmail.com - 0795 457 9992
User avatar
dls
Site Admin
 
Posts: 12273
Joined: Thu Nov 01, 2012 1:35 pm
Location: Brighouse, West Yorkshire

Re: Bank Error in your favour collect £30

Postby Millbrook2 » Thu Jan 08, 2015 8:24 am

Same thing happened to me, can't remember how much but more than the £30. As the account was overdrawn awaiting repayment from the proceeds of a house sale the refund was particularly welcome.
Millbrook2
 
Posts: 778
Joined: Tue Nov 27, 2012 9:05 am


Return to Banking, Financial Services etc

Who is online

Users browsing this forum: No registered users and 1 guest

cron