Banks win overdraft charges battle (From Swindon Advertiser)

Banks win overdraft charges battle

10:03am Wednesday 25th November 2009 in

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High Street banks won their appeal today over unauthorised overdraft charges.

The Supreme Court ruled in favour of the seven major banks and a building society, which had challenged High Court and Court of Appeal decisions that the charges come under "unfair contract" rules and are therefore subject to regulation by the Office of Fair Trading.

Today's result was awaited by tens of thousands of customers whose refund claims have been frozen while the test case went through the courts.

Have you been affected by excessive bank charges? Let us know your reaction to today's ruling - leave your comments below or email newsdesk@swindonadvertiser.co.uk.