Are you Entitled to a Christmas Refund from the Bank?

2 Minute Read

“Ho Ho Ho!” It’s that time of year, the big man in the red suit will be dropping gifts for all the good boys and girls. And for the adults…how about a refund on your bank account fees? That could certainly make Christmas a little easier on the pockets!

Christmas is the most wonderful time of the year and, more importantly, the most expensive. As noted by The Independent “British families will spend an average £821.25 on gifts, food and drink and decorations…”. A lot of families struggle to scramble together enough money to pay for Christmas, let alone the regular household bills and mortgage/rent payments that are still due in December and January. The good news is, if you have ever had a packaged bank account, you could be entitled to £1000’s. That would help around Christmas!

More Money for Christmas? Okay, I’m listening.

Let’s start with some basic questions, do you have a bank account that you pay a monthly fee for? Does it include benefits like Mobile/Travel Insurance and Car Breakdown Cover? Have you ever had one of these accounts? If so, you may be owed a refund. In many cases, these accounts were mis-sold to customers who didn’t want them or request them. Banking staff were under great pressure by managers to sell these accounts to hit unrealistic targets. Consequently, this misbehaviour has resulted in the banks setting aside millions of pounds to be able to refund customers.

How do I know if I was Mis-Sold my Account?

The best way of finding out if you were mis-sold is to have a chat with our team of experts. Give us a call on 0800 007 3777 and we will give you some no-obligation advice on your options. Alternatively, you can drop your details in the form below and we will call you back.