Business Overdraft Protector Policy

Coddyman

Hello, I'm hoping someone can help me on this one as I've not seen a specific post regarding business overdraft protector policies. I had such a policy with my bank, Natwest, underwritten by UK Insurance Ltd. Natwest have written to me advising that due to "the progressive decline in the popularity of such protection products, we have reviewed our product range and have taken the decision to withdraw this product". Is this a policy I can reclaim on, as having looked at the terms, it was never relevant to me, however I have not kept up to date with this?. I'm also wondering if the fact that it has been withdrawn due to the decline in its popularity would help my case, it does not sound that the policy was fit for purpose? any help appreciated.

[Deleted User]

Coddyman wrote: »

I'm also wondering if the fact that it has been withdrawn due to the decline in its popularity would help my case, it does not sound that the policy was fit for purpose? any help appreciated.

The Bank have written to you telling you that the product is being withdrawn due to a lack of popularity. This in no way helps your "case" for mis-selling, which does not appear to have any validity going by what you say. In what way was the policy "not fit for purpose"? Did you have a business overdraft?

addedvaluebob

If, as the OP says, it was not relevant, then this would suggest they believe the policy was unsuitable for their circumstances then they should put in a complaint. A lot of the points on the PPI template on this site may also be relevant to this product so I suggest starting there and tailoring the letter to reflect their own circumstances