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PPI query - current account insurance
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Mattbrown25
Posts: 2 Newbie
Hi
I have been paying a 78p monthly charge on my halifax current account that goes under the name of 'halifax insurance'. I'm not entirely sure what the charge relates too and I think I've been paying it since I opened the account originally as a student about 9 years ago. I did have an overdraft on the account however I paid that off and closed it about 4 years ago.
I've always just ignored it due to the relatively small amount however I would like to know if I have a case to claim the money back, and also does this fall into the PPI bracket?
Most grateful for any advice
Thanks!
Matt
I have been paying a 78p monthly charge on my halifax current account that goes under the name of 'halifax insurance'. I'm not entirely sure what the charge relates too and I think I've been paying it since I opened the account originally as a student about 9 years ago. I did have an overdraft on the account however I paid that off and closed it about 4 years ago.
I've always just ignored it due to the relatively small amount however I would like to know if I have a case to claim the money back, and also does this fall into the PPI bracket?
Most grateful for any advice
Thanks!
Matt
0
Comments
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It's not PPI per se, PPI is designed to pay out to cover debts like loans or credit cards and obviously a current account would not have any debts.
It could however be overdraft insurance (if you have one) or maybe some old legacy product - ring them up and ask them and if you feel it was miss-sold then complainSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Thanks for your reply. I will take your advice and call Halifax at my next opportunity0
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