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A court hearing to decide whether bank customers can claim back millions of pounds in overdraft fees will not take place until next year.
The Office of Fair Trading is taking high street banks to court over their policy of charging customers at what many perceive as "punitive" rates for exceeding their overdraft limits.
Commercial Court judge Mr Justice David Steel ruled in the High Court that the trial will take place on a date to be agreed between mid-January and the end of February.
The OFT has filed proceedings against Royal Bank of Scotland Group, Abbey National, Barclays Bank, HSBC Holdings, HBOS, Clydesdale Bank, Lloyds TSB and Nationwide Building Society, together accounting for about 90% of personal accounts.
The banks are facing claims by tens of thousands of bank customers seeking refunds on the basis that they have been charged at a punitive rate which does not reflect the true cost of administering their accounts.
Hundreds of customers have already secured repayment from their banks, but further claims have been put on hold pending the outcome of the OFT test case.
A court hearing to decide whether bank customers can claim back millions of pounds in overdraft fees will not take place until next year.
The Office of Fair Trading is taking high street banks to court over their policy of charging customers at what many perceive as "punitive" rates for exceeding their overdraft limits.
Commercial Court judge Mr Justice David Steel ruled in the High Court that the trial will take place on a date to be agreed between mid-January and the end of February.
The OFT has filed proceedings against Royal Bank of Scotland Group, Abbey National, Barclays Bank, HSBC Holdings, HBOS, Clydesdale Bank, Lloyds TSB and Nationwide Building Society, together accounting for about 90% of personal accounts.
The banks are facing claims by tens of thousands of bank customers seeking refunds on the basis that they have been charged at a punitive rate which does not reflect the true cost of administering their accounts.
Hundreds of customers have already secured repayment from their banks, but further claims have been put on hold pending the outcome of the OFT test case.
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