Reclaim bank charges without interest

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 [INFO IN GREEN BRACKETS] – REPLACE WITH YOUR RELEVANT INFO 
[INFO IN RED BRACKETS] – NOTES TO HELP YOU, DELETE THESE BEFORE SENDING

[YOUR NAME]
[YOUR ADDRESS: LINE 1]
[ADDRESS: LINE 2]
[ADDRESS: TOWN]
[ADDRESS: COUNTY]
[ADDRESS: POST CODE]
[YOUR TELEPHONE NUMBER]

[DATE]

[NAME OF BANK]
[ADDRESS OF BANK: LINE 1]
[ADDRESS: LINE 2]
[ADDRESS: TOWN]
[ADDRESS: COUNTY]
[ADDRESS: POST CODE]

Ref. Account number: [YOUR BANK ACCOUNT NUMBER GOES HERE]

Dear Sirs,

I am writing to you today to request that you pay back all default charges applied to my account during the previous six years from the date of this letter. I believe that the charges applied to my account do not truly reflect the cost, to [NAME OF YOUR BANK] of going into an unauthorised overdraft.

I am requesting that you repay me the total charges, which amount to £[TOTAL CHARGES], because I believe that I have been unlawfully deprived of this money. Please find attached details of these charges for your reference. [Details should include when each charge was made and interest calculated from date of payment to date of this letter at 8% per year (without compounding). Keep a copy of this for your records] 

[Keep this section in if you are reliant upon income based benefits (such as Jobseeker’s Allowance/Income Support etc.) as your income or DELETE if this doesn’t apply]
I ask that you deal with my case immediately, rather than at the end of the ongoing test case, because I rely on means tested benefits for my income. The Social Security Administration Act 1992 states that charges should not be recovered from means tested benefits because the amount of benefit awarded has been determined, by the government, to be the minimum amount of money the benefit claimant needs to live on.

[Keep this section in if you are currently experiencing financial difficulties or DELETE if this doesn’t apply. NOTE: If you tell the bank that you are in financial difficulty they may ask you to provide proof of this]
I ask that you deal with my case immediately, rather than at the end of the ongoing test case, because I am currently experiencing financial difficulties as a result of [SELECT FROM: disability / serious illness / a loss of employment / a relationship breakdown / imprisonment / starting work in a lower paid job / starting full-time education / needing to take parental care leave / etc.] and the FSA waiver stipulates that you must continue to deal with hardship cases.

I look forward to a full response to this letter within the next 14 days.

Yours faithfully

[SIGN HERE]


[PRINT NAME HERE]

Enclosures: [STATE DOCUMENTS YOU HAVE ENCLOSED, IF ANY]