Tag Archives: bank charges

13 January 2020 – today’s press releases

  • Treasury must act on rural ATM charges
  • UK facing worst slowdown since aftermath of financial crisis

Treasury must act on rural ATM charges

Jane Dodds has joined Kirsty Williams AM and Cllr James Gibson-Watt in calling for the UK Treasury to take action to abolish transaction charges at rural ATMs.

Transactional charges are becoming increasingly common across Wales as more and more banks cut back on support to ATM providers, meaning the running costs are being passed onto the customers. The ATM at Hay Post Office is the most recent local example of this, with customers now being charged 99p per transaction.

Jane Dodds, Leader …

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Opinion: Have you ever felt ripped off by your bank?

Have you ever felt ripped off by your bank? I’m not talking about the scandal of banker irresponsibility which has helped land us into the deepest recession in living memory. I’m talking about the sense of injustice you feel when you get your statement to discover you’ve been charged outrageous fees for having stepped over an agreed overdraft limit.

If this has happened to you, you’re in good company. Which? estimated that we paid over £4bn in unauthorised bank charges last year, averaging £120 from each one of us. If you go over your limit, even by a few pence, you’ll …

Posted in Op-eds | Also tagged | 18 Comments

Lib Dems will fight for fair bank charges in Parliament – Clegg

From a party news release:

Commenting on the OFT’s decision to drop its investigation into the fairness of bank overdraft charges, Liberal Democrat Leader Nick Clegg said:

“This is extremely disappointing and a blow for millions of bank customers.

“Having come so close to overhauling an unfair system of charging that penalises vulnerable groups of people, I know that the campaign will not just stop.

“The Liberal Democrats will continue the fight for fair bank charges in Parliament and push for a change in the law if necessary so that high street banks cannot keep ripping off their customers.”

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Clegg impresses MoneySavingExpert.com

MoneySavingExpert is reporting that Nick Clegg answered an open letter to David Cameron before the Tories managed to get their boots on:

It came about in an unusual way. Clegg (pictured, right) is one of the 3.5 million recipients of the MoneySavingExpert.com (MSE) weekly money tips email. In it, three weeks ago, he spotted an open letter to David Cameron where MSE asked the Tory leader to back the campaign for automatic refunds.

While Cameron has not replied, Clegg, and his Shadow Chancellor Vince Cable, in a letter to MSE this week (see full text below), have promised to table a

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