Claim a refund of packaged bank account fees. You could be due thousands.
What is a packaged bank account.
Packaged bank accounts are current accounts that have additional services "bundled" with them, such as extended overdrafts, special incentives, or insurance for trips or mobile phones. They may be referred to as "reward," "premium," or "gold" accounts, and they typically come with a monthly cost.
Some reasons to make a claim.
For a monthly fee, a packaged bank account comes with insurance policies such as travel, mobile phone and car breakdown cover.
While this can offer good value if you need and use the benefits, if you’re not sure what you’re paying for, it might have been mis-sold.
Banks must abide by strict rules if they sell these accounts to customers, including sending out annual mailings reminding customers to check if the product is still right for them.
Nationwide, which sells the popular FlexPlus account costing £13 a month, recently wrote to some customers who had not received this mailing, reminding them to check the account still suited them.
“Unfortunately, an error meant some customers hadn’t received their annual eligibility mailing, which prompts customers to ensure the product still meets their needs. The issue has been corrected and all customers are now receiving the mailing. However, we are writing to all impacted customers to make them aware,” a spokesman said.
The issue is a timely reminder to everyone holding these accounts that they should check that they can still use the benefits and cancel if not. If you have had one of these accounts for some time, you should also check whether it has been suitable for your needs over the period that you have held it, as you may be entitled to your money back.
How to reclaim bank account fees?
There is no limit as to how far back you can claim;. To claim back bank account fees, we need the name of the bank your account was held with. In case your packaged bank account claim is successful, you are entitled to a refund of all the monthly/annual fees you have paid for your account and the interest at the rate that is recommended by the Financial Services Ombudsman. Even if you’re mis-sold packaged bank account for a short duration, with small monthly payments, the overall cost can quickly add up and result in getting a higher amount. So get in touch, we can often still help you recover your monthly or annual payment.
How can we help you with the packaged bank account claims?
We will help you to investigate your claims on a no-win-no-fee basis. You will not have to pay any money up-front until the case is completed. We will cover the legal costs of the claim, you only pay if the claim is successful from your compensation refund.
It means that you have potentially nothing to lose, and if you are awarded the compensation, gain of money.
Our service
No win no fee
You will never be asked to outlay any money upfront. We only get paid if the claim is successful and you receive compensation.
Claim online
You can complete the full claim process online by signing the legal agreement and providing the required documents.
Claim on the phone
You can complete the full claim process over the telephone were a claims manager will complete a fact find and prepopulate all the information onto our legal document for signing.
Regular updates
We will provide you with regular updates whenever we receive any responses from the opponent on your case all the way to completion.
Best outcome
We strive to get you the best possible compensation outcome on your case and will liaise with the opponent on various legal arguments to try and achieve the maximum compensation possible.
Better financial position
Our aim is to put you in a better financial position than before you started the claim by achieving refunds of interest and charges paid as well as achieving a freeze on interest if any balance is left over. We also ask for any adverse credit information to be amended on your credit file.
Join 1000's of customers across the UK. Who have "Received a refund of interest and charges"
Free claim eligibility check
E: info@unaffordablelendingclaim.com
T: 0141 459 0239
Unaffordable lending claim is a trading name of
Park pension recovery service LTD which is regulated by the Financial Conduct Authority, in respect of regulated claims management activities authorisation number 836153.
Important Information
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.