Quote from: SeriousSeems some banks and building societies are getting tough on customers who do this and pulling their accounts, although they have to give reasonable notice. The banking ombudsman is now looking into a number of cases that may have been closed against the banking code of practice.

The Financial Ombudsman has now said banks arent allowed to do this.

FSA has put a freeze on cases until the result of a test case IIRC.

Fair enough tbh.. Id rather keep free banking and let the people who cant manage their money pay for the charges

If the banks lose out on a stream of revenue via not being able to place these charges then they will simply make up for that lost revenue in other ways.

Quote from: Mongoose

Quote from: bytejunkiei reclaimed 1300 from smile a year back. its simple to do and like is mentioned abouve, they wont fight cos they know their practices are illegal.

Matt

I think its more that at the moment its just about sortof legal because its never been tested in court. British law is heavily based on Common law so if they fight and loose thats nearly as good as the government legislating against them.

You do know that almost all UK banks have signed the OFT waiver now?

Meaning they do not have to pay any bank charges back at all, until the decision is reached within the OFTs test case. Going to be a long long long long wait now until you get any cash back.