A Packaged Bank Account is a current account where you pay a monthly fee for additional features.
Thousands of people have been paying for a packaged bank account and didn’t know they were paying a monthly fee.
A lot of people didn’t need the features or realise they had them and may have purchased the same cover already. The features could include Insurance for mobile phone cover or travel, breakdown cover and some preferential rates on other services from the bank, such as loans and mortgages as well as others.
An estimated 11 million people pay various monthly amounts for these accounts, typically between £5 and £25 a month for current accounts with added benefits, but as many as one in five people may have been mis-sold this type of packaged bank account as they were not required, may already had the feature or been unable to use the feature, due to age or other eligibility criteria.
You may be eligible to make a claim if any one of the following reasons apply to yourself;
Yes, you can still make a claim, but if the account had been closed for more than 6 years you will need some documentation or evidence of the account.