We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Package bank account
jonty24
Posts: 3 Newbie
Just revived letter from bank saying they will uphold my complaint of the miss selling of my packaged account but will deduct &5 per month as I used the £100 interest free overdraft facility at my calculation this is 50% APR on £100 can anyone advise if this is correct as I believe on a fee free account the interest would off been substantially lower ?
0
Comments
-
Difficult to know without any details of which bank account this was and how much you actually used the overdraft.0
-
This was. Arclays additions and I used the overdraft regularly but payed interest on everything over £100 at a very low APR if the bank agree package account was Miss sold surely they should make a full refund and charge interest on the £100 ?0
-
Their standard account charges 75p a day for being overdrawn. Would you prefer them to apply that charge?0
-
Not in 19180
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards