NatWest Advantage Gold and Unarranged Borrowing- A guide

natweststaffmember

You can claim charges on a business account, which are unpaids, referral charges.

Majestic1919

natweststaffmember wrote: »

You can claim charges on a business account, which are unpaids, referral charges.

Thanks natweststaffmember!

Well I never knew that! Thought I could only claim on my personal account.
The business account is no longer used and has been converted to a loan, which I am paying off (including charges).

When I first heard about reclaiming bank charges, I am sure I heard or read somewhere that you could only make claims on a personal account!

Really annoyed that they sent me a letter three months later saying that I was being charged £38 because the December loan payment (for the ex business account) was unpaid. That means I paid a charge on both accounts! :mad:

Easy money for the bankers while I work to throw money at them! :eek:

katie1

Natweststaffmember Could You Help !

Or Anybody Else Of Course

On My Bank Statement Ive Had A Charge Which Says Referral Charge, Do You Know What They Mean ? What Is A Referral Charge For?

natweststaffmember

Yes and it is claimable. The bank have paid an item that has taken you £26 over your overdraft facility if you had one.

ukdesi

As you would know and after having consulted with you I sent Natwest the preliminary letter some time last week. Now, after the OFT screw up, I suppose the sending the LBA would be meaningless, isin't it?

I must applaud the timing of this screw up, just in time to mess up my life all over again. May all of them rot in Hell.

Thanks once again, Natweststaffmember.

brynjon

Hello all - I have just been into my bank and asked about the Advantage Gold that appears to have been taken from my account for years costing around £12 per month. I vaguely remember being told some years ago that as I had a large overdraft I needed to have this so I must have agreed to have it. Not long afterwards I got rid of my overdraft as I sold some shares and I assumed it would sort itself out and the Advantage Gold would be cancelled. I have to admit I was lazy and didn't even look at my bank statements as I never went overdrawn so I thought I had no reason to worry. I was always in the black which was a nice place to be. I recently transferred to a One Account mortgage and I went in to finalise things with the Natwest and was told about the Advantage Gold costing me £12 a month. Apparently it gave me travel insurance - never used - access to other services - apparently in a leaflet handed with a bunch of other leaflets advertising loans etc when I must have signed up. All went in the bin as I thought the Advantage Gold was to stop me paying too much when I was overdrawn.

Anyway after that quite wordy introduction I heard a little snip of Martin on radio 2 and wondered whether he was referring to the likes of this type of money making scheme that we can claim back.

Cheers - Bryn