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Detailed article posted onhttp://claimbankingcharges.blogspot.com/ · Citizens of UK are paying nearly half a billion pounds in bank fees.

The rises have contributed to huge profits for the banks at a time when personal debt has hit more than £1 trillion.

Research suggests 7.8m customers have missed key payments or breached agreed overdraft limits in the past year. · As a result, they have been hit by average penalty charges or fees of £70.00, while 1.7 million have been stung with paying more than £100.

Consequently, the increases are feeding record profits at the big five banks - HSBC, Barclays, Lloyds-TSB, RBS-NatWest and Halifax-BoS - which are expected to total more than £30bn for 2005. · Charges below £12 may also be unlawful - the distinction is that the OFT will only take enforcement action for charges above that figure.

The true cost of employing a bank clerk to bounce a cheque may be less than £2 each time a customer goes overdrawn.

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Q: How do you claim unfair banking charges in UK?
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