'I reclaimed over £3,000 from my bank thanks to Martin Lewis tip'

In a missive to MoneySavingExpert.com, 1 scholar called Brian explained however helium was told helium had to unfastened a packaged slope relationship successful bid to use for a loan

A instrumentality of Martin Lewis has explained however helium reclaimed much than £3,000 successful packaged bank relationship fees.

A packaged slope relationship is simply a paid-for current account that comes with further benefits specified arsenic breakdown cover, mobile and question insurance. But immoderate radical were mis-sold these accounts - for example, if you were sold a packaged slope relationship that came with features that you didn’t need, oregon could not use, oregon if you were told you had to person the relationship to suffice for a mortgage, overdraft oregon recognition card.

Other forms of mis-selling could see fees being added without your consent, oregon not afloat being told what you were signing up for. In a missive to MoneySavingExpert.com, 1 scholar called Brian explained however helium was told helium had to unfastened a packaged slope relationship successful bid to use for a loan.

He said: “I studied an MBA successful 2006, and astatine the clip NatWest offered a precise circumstantial loan. I was made to power slope accounts and determination to a paid-monthly account, seemingly some requirements of the loan. After speechmaking your guidance, I submitted the letter. I thought if I get thing backmost that'd beryllium a win. I received implicit £3,000 past week. About £1,700 compensation positive astir £1,500 successful interest.”

How to reclaim packaged slope relationship fees

MoneySavingExpert.com has a checklist of each the antithetic ways you whitethorn person been mis-sold a packaged slope account:

• You were wrongly told you had to get it
• You couldn’t usage the insurance
• You were misled into taking retired the account
• The interest was added without you knowing
• You tried to cancel but were forced to support it
• You were told it was the lone mode to get an overdraft
• No 1 mentioned you needed to registry your phone/car
• You were told having 1 would amended your recognition score
• Your slope accrued the fees without you knowing

If you judge you were mis-sold, constitute to your slope and explicate your situation. Make definite you besides cancel the relationship if you don't judge you request it. If successful, you should get backmost each the fees you paid for the full clip you had the packaged slope account, positive interest.

How overmuch you get volition beryllium connected however agelong you had the relationship for, truthful this could perchance tally into thousands of pounds if you had it for a agelong time. If the slope rejects your claim, oregon doesn't respond wrong 8 weeks, you tin instrumentality your ailment to the escaped Financial Ombudsman for free.