In 2007 several banks in the UK repaid up to £750,000 in refunds to previously unhappy customers, who had decided to sue and claim back money for such unfair charges.
After thousands of disgruntled customers complained to the Financial Ombudsman who decided the fairest way to sort out the disagreement was to hold a court case.
This went on for 2 weeks in February 2008, however the Judge who presided still needs to make his decision.
Until he does decide whether the bank charges are fair or unfair no refunds can be made, as there is a legal stay until the outcome is decided upon. Good news for the banks, but not so for the customers who feel they have been overcharged.
Lets hope the judge hurries up and makes up his mind.
Read more at Overdraft Fee Refunds in 2007
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