Barclays comments on the High Court judgment relating to bank charges

Edited by the Insidemoneytalk editorial team Oct 10, 2008

We are pleased that as a result of the two decisions the Court has reached this year, it is now clear that neither Barclays past charges nor those in force in January 2008 are unenforceable penalties.

The Judge has also reached the same conclusion in relation to the charges which applied to Woolwich current accounts until September 2007, when the last accounts were transferred into Barclays current accounts.

We continue to work with the OFT and to participate in the court case that started in January this year.

We hope for an early resolution and one that gives clarity for consumers and banks alike.