The BBA is the voice of the banking industry for all banks who operate within the uk
Supreme Court Statement
25/11/2009
The Supreme Court has today confirmed that the Banks' unarranged overdraft charges are an important part of current account services which the Banks provide to their customers and that the amount of those charges is not assessable for fairness.
The Banks acknowledge the unanimous decision of the Supreme Court to allow their appeal in respect of these charges. We recognise this issue has been of real concern to a large number of our customers and we are pleased that this decision now brings clarity for all parties.
The Banks will work with the regulators to ensure that the outstanding customer complaints are brought to a swift conclusion. We will also continue to work together with the OFT in connection with its on-going Market study.
Please refer to the BBA's and individual Banks' websites for further information.
For further information, please contact:
BBA Press Office (020 7216 8989 )
Out of hours (020 7216 8888 )
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