One million in the queue for bank charge payouts
If you’re one of those disgruntled bank customers who has submitted a claim to claw back your unlawful charges, you might like to know that you’re in a pretty substantial queue. A queue that, to be more precise, is one million folks long.
Consumer group Legal Beagles have obtained figures under the Freedom Of Information Act showing that 973,000 complaints have been put on hold by the UK's banks, with almost 27,000 stayed in the UK courts.
The figures add weight to the growing belief that it’ll be 2011 at the earliest before the inevitable flood of refunds begins to trickle from the scumbag banks (apart from the non-scumbag parts of them that we all own) after years and years of leeching unlawfully high sums of money from account holders who went over their overdraft limits or had direct debit payments returned unpaid.
As per usual, all of you apologists for the banks who have never had an iota of debt in their entire lives can wax lyrical about how people should read the terms and conditions and how it’ll all kill off free banking in the box below. But know this… you are wrong. The banks robbed the poor to give to give to the rich and it begins and ends there.