PPI refund agreed. But still not received. Interest?

NatWest sent me a figure that I agreed with back in November, but nearly three months later they are yet to pay me. (Due to high number of claims.) Surely I am now owed additional interest and they should eventually pay me more than originally agreed?

Comments

  • SonOf
    SonOf Posts: 2,631 Forumite
    First Anniversary First Post
    They normally assess the interest at the point they do the redress. As it hasnt got to that point yet, you should get the extra interest automatically.
  • Thanks SonOf! I wasn't aware of that! I guess it might have said so in my settlement agreement, but I don't recall. I'll check later, but that's good news.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 342.9K Banking & Borrowing
  • 250K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235K Work, Benefits & Business
  • 607.7K Mortgages, Homes & Bills
  • 172.9K Life & Family
  • 247.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards