Start your PBA Claim today
Packaged Bank Accounts is a bank accounts which offers a range of additional benefits, such as breakdown cover, holiday insurance and mobile phone insurance, in some cases even better rates on overdrafts and loans, for a monthly fee, usually between £3 – £25.
Packaged Bank Accounts have been highly profitable for the lenders over the last 30 years and have been used to produce additional income from consumers already using a current account.
In 2012 the FCA launched an investigation and determined consumer must be given the opportunity to make a claim for a full refund of the fee paid, plus statuary interest.
So how do you know if you have a potential claim?
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- Was you told to take a Packaged Bank Account to apply for an overdraft?
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- Did the lender automatically upgrade your account without making you aware?
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- If you have not used the benefits from the account which you pay for and have no need for them.
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- Did you already have cover elsewhere and the lender did not conduct the correct due diligence?
How do you know what to look for?
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- Bank statements where you see a monthly fee being charged by the lender.
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- Words such as, Premium, Reward, Gold, Silver Account on your statements.
- Words such as, Premium, Reward, Gold, Silver Account on your statements.
To start your claim, Please fill the form below;
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Claims Advice Bureau (UK) Limited are Authorised and Regulated by the Financial Conduct Authority FRN: 837876, Regulation recorded at www.register.fca.org.uk.
