Best route for a company to complain against a bank

Brian C

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What's the best route for a company to complain against a bank when a company's turnover is in excess of €3m (as this seems to be the limit for a FSPO complaint)? I work for a company that has gone through the process of complaining to a bank and has been given a final reply with a token offer of €1,000 to go away. We feel that we are entitled to a sum in excess of €70,000 and our case is very clear, easily proved and strong. Ideally a regulator type route is available as a legal/court type route will be cost prohibitive. Also, we would prefer a regulator type route as there may have been some serious malpractice by the bank and that may be of more interest to him/her.
 
It doesn't seem likely from your post, but if it relates to denial of lending you can go to the Credit Review Office.

Otherwise if your case is a slam dunk then it is worth going to court as costs will be awarded in your favour, no?
 
For €70,000 you can go to the Circuit Court which should not be prohibitively expensive.

Just starting the proceedings will probably encourage the bank to take notice.
our case is very clear, easily proved and strong.

To you yes. But you will have to prove it to a judge and he might not find it as clear.

Brendan
 
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