These are three sample formats, free to use for anyone who requires, asking for a refund from the bank for excessive interest charges. You can modify it according to your need. Necessary changes can be done.
Request Letter to Bank Manager for Refund of Charges
Subject: Request for Review of Bank Documents
Dear Ma’am/ Sir,
My name is ________, and I have been a regular client to your bank for _______. Bank ______ has been my primary financial partner, and I have even been a golden card member. I have never had a single complaint against the bank until recently.
Last month, I was charged an excessive amount of ______. I am dumbfounded because the mentioned interest charge in the updated list is ______, and am sure that this must be a technical error on your part. I have been charged an excessive amount of ________.
Usually, when the bank makes a transactional error, the transaction is reversed within 2-3 working days. However, it has been a week right now, and I am having growing concerns. I would appreciate it if you would please clear the matter out, or inform me of any information that I am missing.
I hope to hear from you urgently. Thank you.
Letter Complaining about the Interest Charges
Subject: Asking for a Review of Bank Charges
Respected Madam/ Sir,
My name is ________ and my customer ID is _________. I have been a holder of _____________ account in your bank and have been a member of your bank’s client services for _______ years. Last year, I took out a loan for the amount ______ and was told that I would be charged a yearly amount of _______ on the basic amount.
Last week, however, I was charged an amount of ______, which is _______ in excess of what I should actually be charged. I am writing this letter so that I may request that you please revise this transaction, and credit me my amount back.
I understand that sometimes transactions are carried out in such a way that mistakes are made, and if that is the case, I would wholeheartedly comprehend. On the other hand, if there is a revision of charges, and I am rightly charged with this amount, then I would feel uneasy because I was not told that this would be happening.
I am eagerly waiting for your response.
Sample Letter to Bank for Refund of Charges
Subject: Issue with the Interest Charge
Dear Sir, Ma’am, My name is ________, and I am a relatively new client of the bank. Last month, I took out a cash loan for the amount of ______ and was told that according to the bank’s by-law, I would be charged a monthly amount of _______. I agreed to the terms and moved forward with my contract with no hesitation.
Right now, however, I experienced a very irrational transaction against my account. This month, my account was charged with ______ amount. This is ______ more than what it actually should be.
I hope that it is an honest mistake on _______’s part, if it is not, then I would be extremely upset with the bank’s actions. I have attached a copy of the contract that I had signed with the bank, as well as a copy of the bank statement indicating the amount that was credited out of my account this month.
Right now, I feel extremely distressed and am waiting for a hurried response from you.
Please reply back as soon as is convenient,
ample Letter to Bank Manager for Refund of Excess Interest Charges
54, Henry Lane
Date: June 07, 2022
New Age Bank
Sub: Refund of excess interest charged
I, Richard Smith, am writing this letter to bring to your notice that I have been charged excessive interest on the Credit Card Account that I maintain with your esteemed bank.
My credit card account under the name Richard Smith with account number 986532896532 has been charged with an interest of $243 instead of $334 for the month of April 2022.
I request you to kindly look into the matter and reverse the excess charges that I have been charged with. I am hopeful that the refund will be processed at the earliest.
Request letter to Bank for Refund of Excess Interest Charges
[Your Name] [Your Address] [Your Email Address] [Your Phone Number] [Date]
[Bank Name] [Bank Address] [City, State, ZIP Code]
Subject: Request for Refund of Excess Interest Charges
I hope this letter finds you well. I am writing to bring to your attention an issue regarding the recent interest charges on my [Account Type] account, which I believe may have resulted in an overcharge.
Account Details: Account Number: [Your Account Number] Account Holder Name: [Your Name]
Specifically, I have noticed the following discrepancies:
- On [Date], an interest charge of [Amount] was applied to my account, which exceeds the agreed-upon interest rate of [Agreed Interest Rate]% for [Type of Account].
- The calculation method used to determine the interest charges seems to be inaccurate, as it does not align with the terms and conditions specified in the account agreement.
I kindly request that you conduct a thorough review of my account and investigate the discrepancies mentioned above. I believe there has been a misunderstanding or error in the calculation of the interest charges, which has resulted in the excess amount being debited from my account.
I request the following actions:
- Please provide a detailed breakdown of the interest charges applied to my account, specifying the calculation method used.
- Please rectify any discrepancies found in the interest charges and refund the excess amount to my account at your earliest convenience.
- Kindly update my account statement to reflect the corrected interest charges.
I understand that errors can occur, and I trust that the bank will promptly resolve this matter to my satisfaction. I appreciate your attention to this issue and expect a prompt response within [Specify a reasonable timeframe, e.g., 15 days] from the date of this letter.