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Unlawful Bank Charges Martin Lewis Guide

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Banks may soon have to pay back millions of pounds to customers who have been victim to unlawful bank charges. In April 2006, the Office of Fair Trading (OFT) announced the results of its investigation into bank charges, saying "card default charges have generally been set at a significantly higher level that is legally fair," and estimating that more £300million a year has been wrongly taken from people in the form of unlawful bank charges.