Brits ‘take on their banks’

With millions facing debt management problems and thousands opting for Individual Voluntary Arrangements (IVAs) in the UK, there is some disquiet among consumers who see many of their banking charges as unfair.

As a result, more than 250,000 people have downloaded a Which? complaint form template, which are designed to help consumers make their case for reimbursement of particular bank charges, the organisation has revealed.

Emma Bandey, personal finance campaigner at Which?, commented: “This figure is testament that the bank charges campaign has struck a real chord with the public and we are delighted to see so many people taking on their bank.

“We hear, almost on a daily basis, from people who have successfully claimed back hundreds, or even thousands, of pounds from the banks.”

Their were over 100,000 people in the UK entered into an IVA during 2006 alone, according to statistics contained in a report from accountancy firm KPGM.