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Compensation offer via financial ombudsman

I am currently in dispute with NatWest via the Financial Ombudsmam. I have been trying to close a business account for nigh on three years and my business manager has not helped at all. In fact, I went to UK from France, where I live, for a pre-arranged meeting with him and he failed to turn up and the NatWest branch couldn't contact him! The story is much longer but, in a bid to put an end to it all as I am no longer trading, I went to the Ombudsman. My first telephone contact with them was this morning and they say that NatWest are offering me £250.00 for the "inconvenience and stress". I have said that this barely covers my ferry fee plus the 3 years of personal worry. Anyone have any views please on this offer? I have no doubt I will have to pay back the business overdraft someway or another, but do feel that this could all have been sorted years ago if anyone from NatWest had answered my calls, e-mails or letters! Happy new Year to all

Comments

  • Tregont wrote: »
    I am currently in dispute with NatWest via the Financial Ombudsmam. I have been trying to close a business account for nigh on three years and my business manager has not helped at all. In fact, I went to UK from France, where I live, for a pre-arranged meeting with him and he failed to turn up and the NatWest branch couldn't contact him! The story is much longer but, in a bid to put an end to it all as I am no longer trading, I went to the Ombudsman. My first telephone contact with them was this morning and they say that NatWest are offering me £250.00 for the "inconvenience and stress". I have said that this barely covers my ferry fee plus the 3 years of personal worry. Anyone have any views please on this offer? I have no doubt I will have to pay back the business overdraft someway or another, but do feel that this could all have been sorted years ago if anyone from NatWest had answered my calls, e-mails or letters! Happy new Year to all

    Has the Ombudsman finished with your complaint? Is there any chance they can continue negotiations with N/West if you are not happy with their offer?
  • dunstonh
    dunstonh Posts: 118,501 Forumite
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    Duplicate post which was already answered. Please refer to the other thread.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • tifo
    tifo Posts: 1,995 Forumite
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    dunstonh wrote: »
    Duplicate post which was already answered. Please refer to the other thread.

    What other thread. I can only find this thread for the OP.
  • tifo
    tifo Posts: 1,995 Forumite
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    Tregont wrote: »
    NatWest are offering me £250.00 for the "inconvenience and stress". I have said that this barely covers my ferry fee plus the 3 years of personal worry.

    The FOS award very little towards compensation and it never reflects the financial and related losses the consumer has suffered. They can award compensation for the time and expense the consumer incurs for complaining but I've NEVER had this in any of my claims even though I always ask for it. We as consumers are expected to 'work' for free and deserve very little for our time.
  • dunstonh
    dunstonh Posts: 118,501 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I can only find this thread for the OP.

    The OP did a thread under a different username and got a number of responses. This is the same post under a new username. However, the responses are going to be the same as before.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • tifo
    tifo Posts: 1,995 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    dunstonh wrote: »
    The OP did a thread under a different username and got a number of responses.

    So changing a username doesn't get better answers? :(
  • dunstonh
    dunstonh Posts: 118,501 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    tifo wrote: »
    So changing a username doesn't get better answers? :(

    For those that want a different answer, maybe they wish it did ;)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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