Bank ordered to repay €18,000 to overcharged Costa business

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BANCO POPULAR: Has been ordered to repay 18,000 euros to a business in Velez Malaga. Credit: Wikimedia

A BANK has been forced to repay €18,000 in charges to a business in Velez Malaga.

A court in Malaga has ruled Banco Popular must pay thousands of euros to the unnamed company after it was found to have overcharged for its overdraft service.

Judge Delfina Gomez Marchena found Banco Popular had levied “abusive” charges against the business for returning unpaid bills.  Judge Gomez explained these charges were made, “unduly and unjustifiably because it is double the money for the service offered.”

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The lawyer handling the case, Lorena Toldeo Garcia of LTG Abogados, said the bank had been charging her clients 6 per cent of any amount unpaid in commission.  She claimed it was, “a commission that should never be charged because it is not a service provided by the financial institution.”

The judge agreed, finding, “commissions and expenses charged to a customer must respond to services actually provided or expenses incurred.”

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