Have you ever had a Packaged Bank Account with Lloyds Bank?
You could be owed £1,000s in compensation if Lloyds Bank mis-sold your Packaged Bank Account.
Many consumers have been upgraded to a Packaged Current Account by Lloyds Bank. Usually Lloyds Bank charge a monthly fee for a Packaged Bank Account which can range from £5 to £25 per month in return for extra benefits in the form of insurances such as Travel Insurance, Breakdown Cover, Gadget Cover & Card Protection.
Many consumers across the UK who were sold a Packaged Current Account from Lloyds Bank won't be eligible to use any of the Insurance services that that were offered because of pre-existing medical conditions or pre-existing cover elsewhere. Lloyds Bank may of enticed customers with an offer of a Loan, Mortgage or an Overdraft Facility for having a packaged bank account.
If you feel that Lloyds Bank has given you wrong Financial Advice with your Packaged Account then start you claim by completing the form opposite.
Lloyds Bank mis-sold their Packaged Bank Accounts in various ways:
Have you ever had any of the following:
- consumers were not made aware by Lloyds Bank that they may not be eligible to claim on one or more of the bundled insurance policies.
- Lloyds Bank sold a Packaged Accounts with bundled products that customers would never need.
- Sales advisor pressured you into it, making you feel like you had no choice.
- Lloyds Bank may have told a customer they needed a Packaged Bank Account to be eligible for credit.
Have Lloyds Bank mis-sold you a Packaged Bank Account?
- You did not ask Lloyds Bank to upgrade your account to a "fee" paying account.
- The costs/fees of the Packaged Bank Account were not clearly explained by Lloyds Bank either by an advisor or in writing.
- Lloyds Bank did not explain the Packaged Account was optional.
- You were led to believe by Lloyds Bank that you could have an overdraft, loan or mortgage if you had a packaged bank account.
- Lloyds Bank did not ask about any pre-existing insurance policies you already had in place.
- Lloyds Bank upgraded your account without your knowledge.
- Lloyds Bank did not explain all of the additional products that were inclusive of the packaged account.
If any of the above comments are relevant, you could be entitled to:
- Refund of premiums from Lloyds Bank that you paid for the package current account.
- Compensation interest at the rate of 8% per annum on the refunded premium.