Manchester Man Sues Bank Over Overdraft Charge - Woohoo!

A man has sued Lloyds TSB over its overdraft charges and has won the legal right to send bailiffs to his home branch in order to recover the cash.

Brian Mullen took the bank to court after he was charged almost £2,000 for going over his overdraft limit.

Lloyds TSB failed to challenge the claim made by the 29-year-old and he won the case by default on February 14th.

Furthermore, when the bank failed to repay Mr Mullen his money, the court gave him the power to order bailiffs to collect the cash for him at the bank's branch in Reddish.

Mr Mullen originally accumulated the debt in his student days and filed the lawsuit because he believed the charges to be illegal as they were higher than the costs incurred by the bank for the exceeding of the overdraft.

A spokeswoman from Lloyds TSB has said the bank would not appeal the case and that it had repaid Mr Mullen his money.

But it doesn't look like the bank has accepted responsibility as she concluded: "We believe our charges are transparent and fair and to say these charges are unlawful is inaccurate."

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