Mis Sold Package Bank Accountspringtide2019-10-04T14:23:34+01:00
What is a “ Mis Sold Packaged Bank Account? ”
Packaged Bank Accounts are “premium” bank account that often include car cover, travel insurance and other bundled products for a monthly fee.
There are over 11 million Packaged Bank Accounts in the UK with 1 in 5 of them estimated to be mis-sold. If you were not offered a free bank account, or you received a privileged upgrade and didn’t really want or need all the products, you may be entitled to compensation plus 8% interest. To find out if you qualify, please click the“Claim Now” button.
Did you already have Car Breakdown, Travel, or Mobile cover elsewhere?
Perhaps your mobile and other electronic items are all covered under your home insurance?
If you were ‘promoted’ by your bank to a Premium Bank Account which was presented as a reward for loyalty and included a bundle of various insurance benefits that were never properly explained… Ask yourself …. Did you really need the products or use any of the services they provided? If not, we can claim your monthly fees back plus interest!
Is my bank guilty ?
Many of the high street banks discovered a way to make extra money from their clients by adding these bundled features as perceived benefits for having their account and charging you, their client, an added £10 to £25 per month for the privilege.
Over 11 million people were put into these accounts in the UK. The problem is often the fine print in the terms and conditions of each policy, limited your claim ability, such as your age or any pre existing health conditions on travel insurance products. Or limited 10 mile radius response cover on the Car Breakdown. If these conditions were not explained to you before being given the packaged bank account, you have a right to make a claim.
If you were not offered an alternative account that was free or cheaper without the bundled benefits, we can claim your money back plus interest.
If the Bank Adviser never checked to see if the insurance benefits were of any real value to you or if you may have already had similar insurance products in other plans, like car breakdown cover or mobile phone cover, we can claim your money back plus interest.