Banks shaft the public yet again

So, the Supreme Court decided to support the fat cat bankers yesterday not the public affected by the massive banking charges. The court overturned all of the earlier court rulings that had allowed the Office of Fair Trading to investigate whether these bank charges were fair.

I fully appreciate that many will jump in here and say, well if you don't go overdrawn without the banks permission then you won't be charged.

I get that but there some occasions when this does happen and is it right that you get slapped £30 for the bank to write to tell you then another £30 for the unofficial overdraft charge, plus interest?

The banks were claiming that if the Supreme Court had supported the little man and not the greedy banks it would have cost them an estimated £2.6billion per year. Just a little less for those massive salaries and bonuses then.

On the BBC website who have covered the story;

"Banks welcomed the ruling, said there had been major changes to current account packages recently, and pointed out that these unplanned overdraft fees could be avoided.

Seven banks and one building society wanted the court to overturn two previous rulings that said the OFT had the power to investigate unauthorised overdraft fees."

There is an excellent question and answer section over at independent, This is Money, who lead the battle against these unfair banking charges.

Let's see where the fight goes now, I am sure we have not heard the end of this yet.