Packaged Bank Account from the 90's
Options
bluemooner64
Posts: 5 Forumite
I had an RBS Royalties and then a Royalties Gold account in the 1990's and am wondering if I can go back that far to claim?
I no longer have statements which could be a problem but do have the account number.
Any ideas out there?
I no longer have statements which could be a problem but do have the account number.
Any ideas out there?
0
Comments
-
If you're thinking of trying a claim for mis-selling then you need to do so within six years of the alleged mis-selling or within three years of when you ought reasonably to have been aware of it (such as when you closed it, which would implicitly mean you knew it wasn't right for you).0
-
For two decades you failed to understand what you were paying a monthly fee for?
Well played!0 -
Meh, try your luck. There's a chance RBS won't have the energy to contest it.
Finding records of fees from that far back could be difficult though... unless you kept all the statements.: )0 -
Did you have any joy with this Bluemooner?
I too had a Royalties Gold account I was told I had to have for my bank loan (which I have already claimed back PPI payments on).
I looked on the Resolver tool but there are no Royalties accounts listed but I do have bank statements so have the account numbers.DEBT FREE BY 60Starting Debt 21st August 2019 = £11,024
Debt at May 2022 = £5268Debt Free Challenge - To be debt free by August 20240 -
I was 'upgraded' to the Barclays additions account in 1998 as I was told it was the only way they would give me an overdraft facility. I held it for a couple of years before cancelling. I complained in 2014 and was refunded.
They did a real hard sell on these accounts at the time, walking up the bank queues switching people, bak then mobile phone ownership wasn't as much a part of life as now so that packaged insurance wouldn't have been any use for me, I didn't drive so no need for breakdown cover and didn't travel as I had just bough my first home so all money went there.
I had tried to complain over the years but was told it didn't come under the same rules as PPI but finally they started looking at these accounts. At the same time I was sold this account they also said I must have 'Overdraft Protection insurance' I was repaid £8k for that in the end, also 20140 -
What a joke! You have paid for something for 20 years & you didn't know what it was or had the inkling to ask before now????
Any claim in my view is bordering on fraud. No doubt you have used or had the benefit of travel insurance, breakdown cover etc. on which you may never have claimed so you now feel entitled to claim.
It's like having home insurance for 20 years & never claiming and feeling entitled to claim back the premiums.0 -
-
Flobberchops wrote: »Meh, try your luck. There's a chance RBS won't have the energy to contest it.
Finding records of fees from that far back could be difficult though... unless you kept all the statements.
They will just send a letter detailing limitations act as per post 2.Im an ex employee RBS GroupHowever Any Opinion Given On MSE Is Strictly My Own0 -
Historically the loans was available at a lower interest rate if you had a royalties gold account.
Do you happen to know what the differential would typically have been between the loan rates available to RG and non-RG customers, and what the breakeven point (for loan size) would have been for the reduced interest to offset the monthly fee?0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards