UK banks lose overdraft charges case but OTC to rule on 'fairness'


LONDON - The UK High Court has decided that the Office of Fair Trading (OFT) is free to determine whether banks can legally charge customers for unauthorised overdrafts. Justice Andrew Smith supported the OFT's argument that the 1999 Unfair Terms in Consumer Contracts Regulations can be applied to overdraft charges imposed by banks and, as such, banks can be sued in court. But he stopped short of ruling on whether the charges were unfair.

The OFT launched the investigation into unfair bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here