reclaim bank charges

A High Court test case which could bring a fundamental change to UK High Street banking has been delayed. The Office of Fair Trading (OFT) is challenging banks and the Nationwide building society on bank charges.

The outcome may decide how much banks can charge millions of account holders who go overdrawn without permission.

The case had been set to begin on Wednesday but the judge’s commitments mean it has been postponed. There are hopes it will get under way this week.