Do you have a limited time to reclaim packaged bank account fees?

peterbaker

The Barclays Additions Account was a weird and wonderful beast to behold. Anyone still got the brochures - shall we dissect it, piece by piece and see what skewed rot Juicy can make of the various parts?

If my memory serves, there were two versions of it. One got withdrawn, possibly the version p_man was sold, then there was a lull and it was relaunched with a slightly different title, a bit like rust bucket Mark I and Mark II and Mark III Ford Escorts, until they became more reasonable affairs perhaps? I see Barclays may sell "Additions Active" now and "Student Additions" accounts, but try finding the wording of p_man's version online and we might be disappointed unless a specimen is buried in a legal or FOS case judgement somewhere

Any informed wordings commentators left out there?

Meantime p_man, did you see this old Forum thread which may relate to products similar to your discarded vintage

Also the most recent Barclays website document I have seen which references old "off sale" accounts including the various Ford Escort type versions of Additions is this tariff charges document from two years ago:

https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/personaltariffoffsaleaccountsnov2016.pdf

They probably sanitised their website of all other documentation to make it harder for potential claimants to reference as package account sales scandal gains traction.

Ultimately, there is very little difference in the missales environment between the PPI scandal, which contains no effective limitation to claiming on long ago abandoned products - save for the looming 2019 deadline (applied like a government limit on a Quantitive Easing Scrap Your old car offer!) - and package account insurances.

For the avoidance of doubt, although I don't sport any fancy business title in my forum signature, I was once professionally qualified to Chartered Status to do so on general insurance of many types. Unfortunately now the concept of decent customer-focussed financial services has long gone for a ball of chalk, I am no expert on how to claim against the bank misselling that inevitably has arisen in recent decades. I am merely a one time thirty-five year ago ex-qualified expert on the principles and practice of how general insurance products (which includes PPI and other account add-on insurances) should have been sold - the sort of expert that became surplus to requirements of the industry, yes, about two to three decades ago.

That coincides with the time when even dunstonh agrees the selling practices had become generally disgraceful at banks. That's also about the time that many industry employers drastically reduced their sponsorship of employees who had applied their minds to the more traditional principles based study.

Incidentally, I heard recently of a case of a Barclays customer who was oblivious to having been missold a current account feature, receiving several thousand pounds PPI redress for PPI premium she completely hadn't realised she had ever paid on her overdraft! I think that may have been on an Additions account too. She had contacted them about PPI on her mortgage, got told that seemed okay then as an afterthought, the Barclays person taking the call said hold on a moment it looks like we owe you money on your old current account!

So perhaps never mind the other charges for the package account, if you were lied to and landed with Additions because at the time you needed an overdraft and they said for that, an Additions account was compulsory, you might find a PPI claim before June 2019 is as easy as falling off a log compared to the package account route

IIRC, the PPI premium was charged on the full overdraft limit and not on what you were actually borrowing from day to day? A diabolical practice if I have remembered it correctly. It was already diabolical enough that the PPI premium rates were price-fixed in cartel fashion - almost all of them irrespective of the bank or insurer were at the rate of £0.79p per month per £100 off the top of my head?

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agrinnall

My main point in this post is to suggest that your contributions do not aid the OP in any way, and if you wish to rant and rave against the evil banks you should keep that to your own threads rather than hijacking other peoples.

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