The Sun - Who wants to be a bank charge billionaire?

QUESTION: Who wants to be a bank charge billionaire?
Answer: Our friendly high street banks - at your expense!

Nearly 19 million people have been hit by bank charges totalling a massive £4 billion – and over half have still not claimed the money back.

Despite the furore over the unscrupulous banks gathering pace, customers have been slow to react. Only one in ten appear to know what they are entitled to claim and, despite widespread condemnation, greedy banks are still clinging to £2.12 billion of unfair charges.

But this money is not lost.

“The majority of banks are bending over backwards to refund bank charges to consumers that fight back,” says Nick White of uSwitch. “This is because they’d rather settle now than have to appear in court for a damaging test case which would set a dangerous legal precedent.”

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