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LloydsTSB Bank Charges: A Guide 2001 to present day
Bank charges that are claimable and how they work:
1) Overdraft Excess Fee/Unplanned overdraft Fee: They charge this when you go overdrawn by £10 or more above an agreed limit, or by £10 or more without any agreed limit. They will charge this fee again on subsequent days if we make a payment for you that increases your unauthorised overdraft by £10 or more.
A subtle change happened in around September 2006 with the wording above replaced with this:
They charge this when you go overdrawn and don’t have an overdraft facility, or if you go overdrawn above an agreed overdraft. They will charge this fee again on each day we make a payment for you that increases your overdraft.
In November 2007 they changed the fee to Unplanned Overdraft Fee
This is a daily fee for being over the overdraft fee and a maximum of 10 fees per charging period are applicable. There is also a monthly set fee payable as well.
2) Unpaid Item Fee/Returned item fee : You'll be charged this fee whenever there is not enough money in your account to make a payment, such as direct debit, cheque or standing order.
How much have I been charged?
1) Overdraft Excess Fee:
Going into 2001 the Overdraft excess fee was that when the account went overdrawn during a charging period you were charged 60p each transaction.
That changed in August 2001 when it was monthly fee of £20 per month
It increased in September 2001 to £25 per month
They made a further change to the charging structure in April 2002 when a charge of £20 per day capped at £80 per charging period).
In January 2005 it increased to £25 per day(capped at £75 per charging period )
From July 2005 it increased to £30 per day(capped at £90 per charging period)
In November 2007, LloydsTSB completely changed their charging structure.
Less than £25 was £6 per day
£25 to £100 was £15 per day
more than £100 was £20 per day.
A Monthly charge of £15 is levied on top of the above charges.
2) Unpaid Item Fee/Returned item fee :
Going into 2001 this charge was £27.50 per item
In April 2002 it increased to £30.00 per item
In January 2005 it increased to £32.00 per item
In July 2005 it increased to £35.00 per item
In December 2006 it was capped at 3 charges per day.
In November 2007 the charge was reduced to £20 per item with a maximum of 3 per day.
LloydsTSB seem to have had a policy since June 2002 on all accounts of this
“We understand that everyone can make mistakes from time to time, which is why we won't charge you the first time you go overdrawn without agreement, as long as you haven't done so in the past 12 months.”
A grace period came into force on 2nd November 2007
“If your account goes over its limit, you’ll have until 3.30pm (UK time) that day to pay in enough money to cover all your payments. If you do, you won’t incur any Unplanned Overdraft fees. “
Thank you to everyone who has helped me with this. You know who you are and so thank you
Bank charges that are claimable and how they work:
1) Overdraft Excess Fee/Unplanned overdraft Fee: They charge this when you go overdrawn by £10 or more above an agreed limit, or by £10 or more without any agreed limit. They will charge this fee again on subsequent days if we make a payment for you that increases your unauthorised overdraft by £10 or more.
A subtle change happened in around September 2006 with the wording above replaced with this:
They charge this when you go overdrawn and don’t have an overdraft facility, or if you go overdrawn above an agreed overdraft. They will charge this fee again on each day we make a payment for you that increases your overdraft.
In November 2007 they changed the fee to Unplanned Overdraft Fee
This is a daily fee for being over the overdraft fee and a maximum of 10 fees per charging period are applicable. There is also a monthly set fee payable as well.
2) Unpaid Item Fee/Returned item fee : You'll be charged this fee whenever there is not enough money in your account to make a payment, such as direct debit, cheque or standing order.
How much have I been charged?
1) Overdraft Excess Fee:
Going into 2001 the Overdraft excess fee was that when the account went overdrawn during a charging period you were charged 60p each transaction.
That changed in August 2001 when it was monthly fee of £20 per month
It increased in September 2001 to £25 per month
They made a further change to the charging structure in April 2002 when a charge of £20 per day capped at £80 per charging period).
In January 2005 it increased to £25 per day(capped at £75 per charging period )
From July 2005 it increased to £30 per day(capped at £90 per charging period)
In November 2007, LloydsTSB completely changed their charging structure.
Less than £25 was £6 per day
£25 to £100 was £15 per day
more than £100 was £20 per day.
A Monthly charge of £15 is levied on top of the above charges.
2) Unpaid Item Fee/Returned item fee :
Going into 2001 this charge was £27.50 per item
In April 2002 it increased to £30.00 per item
In January 2005 it increased to £32.00 per item
In July 2005 it increased to £35.00 per item
In December 2006 it was capped at 3 charges per day.
In November 2007 the charge was reduced to £20 per item with a maximum of 3 per day.
LloydsTSB seem to have had a policy since June 2002 on all accounts of this
“We understand that everyone can make mistakes from time to time, which is why we won't charge you the first time you go overdrawn without agreement, as long as you haven't done so in the past 12 months.”
A grace period came into force on 2nd November 2007
“If your account goes over its limit, you’ll have until 3.30pm (UK time) that day to pay in enough money to cover all your payments. If you do, you won’t incur any Unplanned Overdraft fees. “
Thank you to everyone who has helped me with this. You know who you are and so thank you
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