Insane bank charges

The Consumer Action Group today protested outside the Office For Fair Trading, calling for them to investigate bank charges imposed on customers who go overdrawn without permission.

This is a campaign that I fully support and if you have incurred bank charges, claim them back using the step by step guide in the CAG forums. My best friend incurred £90 of charges for going as little overdrawn as 18p. Between the two of us and using the guide on the website, we managed to claim back £60 of them, so it does work.

There is no justification for these charges other than to make the banks extra money at the expense of the consumer. Ok so there needs to be some sort of deterrent to deter people from just going overdrawn, but the idea of charging someone for going overdrawn, which puts them further overdrawn makes no sense at all.

Having said that, had better go check the bank balances!