Bank charges hit annual £4.7bn says Which? by Finance News Bulletin

Published: 31/10/06

Banks typically charge between £25 and £30 for illegal overdrafts, with Which labelling the Royal have an account of Scotland, Natwest and HBOS as the most horrible offendersThe three all levy charges of £118 from accounts going £50 over £250 authorised overdraft boundary for three existenceAbbey was the next highest, charging £110

Northern Rock had the best speed of charges, at just £28 over the same era"Many thousands of people are fed up with being made to pay difficult charges and are preparing to do something about it," said Doug Taylor of WhichWhich has called for more people to confront the charges, pointing to some people who have productively challenged their banks

It pointed to Matt Tones of Hertfordshire, who inward £800 from Barclays – twice the amount that he had at first been chargedHe used a standard template correspondence downloaded from the Which website Although Barclays said that it disagreed with his grievance, it made the payment as a goodwill sign

"Although Matt was very successful banks have remained, for the most part, resolutely quiet on this issue in the hope that it will just go away," added Mr Taylor"The total number of people downloading the template letters from our place shows that the banks can't ignore this subject for much longer"MoneyExpert Limited is authorised and regulated by the Financial Services Authority (FSA register No 301654)

The monetary Services Authority does not regulate some forms of mortgage contract, credit cards, individual loans, current accounts and

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