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Lloyds tsb5/1/2023 Am I right to Complain about a Mis-sold Platinum, Gold, Silver or Club account? If this option is taken it is vital to make sure that their fees are no win no fee and no hidden charges are in their agreement. You have the opportunity to either address this direct with the bank yourself or through a claims firm should you not wish the aggravation. If you do decide to challenge the account sale any refund would include the account fees, interest and compensatory interest. You can either just cancel the account and move to a fee free based account or as many people are choosing to do, and quite rightly, challenge the sale of the account in the first place and look at reclaiming the various fees that have taken. If you believe your Lloyds bank account was mis-sold you have a number of options. ![]() If I Believe my Lloyds Account was Mis-sold what are my Options? Or if the consumer already has breakdown cover in place in which case again this product is relevant. However, mis-sales have taken place when borrowing isn’t necessarily needed and therefore a reduced rate is relevant. Some of these benefits are applicable such as breakdown cover or reduced interest rates on borrowing. They like to use aspirational titles in order to encourage bank customers to feel comfortable or indeed proud to take on a fee based current account facility.Īttached to the packaged bank account is normally a list of financial benefits due to the banks requiring the justification to charge a monthly fee for the operation of a current account. The packaged bank account is normally dressed up in a nice positive sounding names such as silver Platinum, black or club depending on which bank you with. Is my PBA Platinum, Gold, Silver or Club account mis-sold? Business account holders of course had previously been the bearers of these for operating accounts. They generate considerable amount of revenue for the banks as fees are charged monthly for the operation of current accounts which were until the mid-90s largely fee free for personal account holders. ![]() A paid for bank account or as they are commonly known a package bank account or PBA entered the financial scene in the late 1990s and have been the main stay of current account income for the leading banks since the early 2000’s.
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