Banks could be about to charge customers to use their cash machines if they lose the bank charges test case tomorrow.
According to reports in the Daily Mirror, banks are considering imposing charges on all cash machines should the Supreme Court rule in favour of the Office of Fair Trading (OFT).
So far it has been estimated that 12 million people have been hit with unauthorised overdraft charges since 2001, but around eight million people are yet to put in a claim.
The test case has been ongoing since 2007 following various appeals by the banks that charges should not be governed by the OFT.
If the Supreme Court rules in favour of the OFT, the banks could be forced to pay back billions.
However, despite the Supreme Court offering the last chance of appeal, it has been predicted that the banks will again try to delay the proceedings further.
Commenting, Phil Jones, personal finance campaigner at Which? said: “With so much money at stake, the banks may well try to drag the process out even longer, so we’d warn people not to make any plans for their refunded cash just yet.”
