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Claim your RBS overdraft  refund

Had an overdraft from RBS which you could not afford to repay? Did they impose excessive charges or extend your credit limit without checking your affordability? You could have a claim.

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What are RBS Unaffordable Overdraft Claims?

If you have held an account with the Royal Bank of Scotland (RBS) external link icon light blue and have experienced financial difficulties due to unaffordable overdraft fees, you may be eligible to make an unaffordable overdraft claim. RBS, like many other banks, has faced scrutiny regarding its overdraft practices, with customers being charged excessive fees that have contributed to their financial hardships. Unaffordable overdraft claims allow you to seek compensation for these unfair practices and potentially recover the money you have lost.

How to Check Your Eligibility for an Unaffordable Overdraft Claim

To determine your eligibility for an unaffordable overdraft claim against RBS, you should assess your financial history and the charges you have incurred. Look back at your bank statements and review the overdraft fees and charges applied to your account. If you find that these fees were unreasonably high or contributed to your financial difficulties, you may have a valid claim.

If you’re unsure about whether or not you’re eligible to make a claim, it’s advisable to speak to one of our experts at Claims Bible for more information.

How to Make an Unaffordable Overdraft Claim Against RBS

Making an unaffordable overdraft claim against RBS involves several important steps. At Claims Bible, we can help you navigate this process easily and quickly. Here’s how it works:

  • Firstly, we’ll help you gather all the relevant documents that support your claim, including bank statements, account details, and any evidence of financial hardship caused by the excessive charges.
  • We’ll then guide you through the entire claim process, help you prepare a strong case, and ensure that your claim is presented accurately and effectively to RBS.
  • Once you have the necessary documentation and expert guidance, we’ll formally submit your claim to RBS. We’ll need to provide a clear and concise account of your situation, detailing the excessive fees you have incurred and the impact they have had on your financial well-being.

What is the Deadline to Make an Unaffordable Overdraft Claim Against RBS?

It is important to be aware of the deadline for making an unaffordable overdraft claim against RBS. The Financial Conduct Authority (FCA) external link icon light blue the regulatory body overseeing financial institutions, has set a time limit for submitting these claims. As of the current guidelines, the deadline for making an unaffordable overdraft claim against RBS is typically six years from the date you became aware that the overdraft fees were unaffordable or that they caused you financial hardship.

How Much is an Unaffordable Overdraft Claim Worth?

The value of an unaffordable overdraft claim against RBS can vary depending on several factors, including the amount of excessive fees charged, the duration of the financial hardship, and the overall impact on your finances. Each claim is assessed on an individual basis, taking into account the specific circumstances and evidence provided.

If your claim is successful, you may be entitled to a refund of the excessive fees you paid, plus any additional compensation to help alleviate the financial burden caused by RBS’s unaffordable overdraft practices.

How to Start Your Unaffordable Overdraft Claim Against RBS

The most effective way to begin your unaffordable overdraft claim against RBS is to enlist the help of our team at Claims Bible. We have a tried and tested process that ensures you have the best possible chance to receive adequate compensation for your claim. Here’s how it works:

We Determine Your Eligibility

The first thing we’ll do is look at your RBS overdraft and financial situation to determine whether or not you qualify to make a claim. We might also ask you some questions to learn more about your current and historical circumstances to see if they’ll help your case.

Assessing Your Case

Once we’ve gathered the information necessary for your case, we’ll begin assessing it. This gives us a chance to ensure that your claim is valid and watertight before handing it over to an appropriate solicitor.

Proceedings Begin

Your solicitor will move onto the evidence-gathering stage for your claim. They’ll also speak with the negligent party to let them know about the claim and begin negotiations for a settlement.

Claiming Your Settlement

After your solicitor reaches an agreement with the negligent party, you’ll be eligible to receive your settlement over the next few weeks. If your solicitor can’t come to a suitable arrangement, then the case is escalated to the Financial Ombudsman.

How Claims Bible Can Help You With RBS Unaffordable Overdraft Claims

Going up against large financial institutions like RBS may feel like a significant challenge, but at Claims Bible, we make the process simple. Our team of dedicated legal partners are specialists in these types of disputes, so you can rest assured that we’ll help take you through all of the necessary steps. To get started, fill out our online claim form and we’ll be in touch.

FOS Case

Read this Financial Ombudsman Service case to see how they ruled against RBS for unfair or unaffordable bank overdraft charges.

Read case external link icon white

Why choose Claims Bible?

100% Confidentiality

Being discreet is part of our business, our legal representatives will never discuss your case without your permission.

Proven Track Record

So far we’ve handled over 10,000 cases and claimed back over £2,000,000 for our clients so you are in safe hands.

Claim Professionals

We partner with specialist firms so your claim is handled by an expert who is familiar with your type of claim.

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