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  • FIRST POST
    • Ericsmum
    • By Ericsmum 10th Oct 17, 6:49 PM
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    Ericsmum
    Is there a time limit to submit claim!
    • #1
    • 10th Oct 17, 6:49 PM
    Is there a time limit to submit claim! 10th Oct 17 at 6:49 PM
    Can anybody advise if there is a time limit on claiming back packaged bank account fees? We had these with old bank accounts 10 years ago, is this too late?
Page 1
    • dunstonh
    • By dunstonh 10th Oct 17, 7:32 PM
    • 89,849 Posts
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    dunstonh
    • #2
    • 10th Oct 17, 7:32 PM
    • #2
    • 10th Oct 17, 7:32 PM
    Can anybody advise if there is a time limit on claiming back packaged bank account fees?
    Yes there is. Same as every other form of complaint. The 3 and 6 year rule can be used.

    You have to complain within 6 years of the purchase or 3 years from being reasonably aware of an issue, whichever is the longer.

    The 6 year rule is easy to apply but both need to be met. The 3 year rule is a little more variable. For example, with PPI, there is little to trigger the start of the 3 year clock. So, they cant timebar those using that.

    In the case of packaged bank accounts, it is a bit clearer. Closure or conversion of account away from a packaged bank account can trigger the 3 year clock starting.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • dunstonh
    • By dunstonh 11th Oct 17, 11:54 AM
    • 89,849 Posts
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    dunstonh
    • #3
    • 11th Oct 17, 11:54 AM
    • #3
    • 11th Oct 17, 11:54 AM
    Hi,

    I only just got around to finally looking into PPI and I had various loans and mortgages which had this in the past, but over 10 years ago. Did I miss the boat on being able to claim?
    Originally posted by ukandyh
    The op on this thread was asking about packaged bank accounts.

    What are you asking about?
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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