Is there a time limit to submit claim!

Ericsmum

Can anybody advise if there is a time limit on claiming back packaged bank account fees? We had these with old bank accounts 10 years ago, is this too late?

dunstonh

Can anybody advise if there is a time limit on claiming back packaged bank account fees?

Yes there is. Same as every other form of complaint. The 3 and 6 year rule can be used.

You have to complain within 6 years of the purchase or 3 years from being reasonably aware of an issue, whichever is the longer.

The 6 year rule is easy to apply but both need to be met. The 3 year rule is a little more variable. For example, with PPI, there is little to trigger the start of the 3 year clock. So, they cant timebar those using that.

In the case of packaged bank accounts, it is a bit clearer. Closure or conversion of account away from a packaged bank account can trigger the 3 year clock starting.

dunstonh

ukandyh wrote: »

Hi,

I only just got around to finally looking into PPI and I had various loans and mortgages which had this in the past, but over 10 years ago. Did I miss the boat on being able to claim?

The op on this thread was asking about packaged bank accounts.

What are you asking about?