Tsb Current Account

Chestnut

I get charged 7 quid a month by Lloyds TSB and for what I am not exactly sure??? But everytime I ring the bank to ask why i get 7 quid taken from my account once a month I get cut off or fobbed off ?? does anybody know what this charge may be for and if there is a way of stopping it??

sorry if this is the wrong forum BTW i am newbie!

johnmoney05

Did you upgrade your classic account to Select account? It costs £7 monthly.
Drop in a branch to ask for the details of your account....

grumbler

Looks like you have a 'Select' Added Value Account (Premier Banking).
Select & Select Plus important information:

Cancellation
When you use the account we will take that as your agreement to the terms including the right to request repayment of overdrafts in full on demand. You can cancel the contract for your Select account at any time, but if you do so, you must return any money you owe us. If you use an overdraft facility before you cancel, we won’t charge you for its use unless we have agreed an overdraft with you in excess of the £50 interest free overdraft facility available on the account. In this event, you will be made aware of the interest rate for the overdraft at the time that we agree to offer you that facility. If you’d like to cancel you can do this by visiting any branch, writing to your branch or calling us on 0800 085 9184 (textphone 0845 975 8333). Our contract will continue to apply if you don’t cancel.