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Marks current account closure
clibay
Posts: 3 Newbie
Will Marks be compensating its account holders for withdrawing this facility at such short notice?
0
Comments
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Why? Nearly six months notice seems fine to me.
Do Money Saving sites make you buy more bargains - and spend more money?4 -
Assuming you're an current account holder, what does the terms say (that you agreed) about the notice they will give?5
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What loss have you incurred from being notified your account is to be closed in 6 months which you need to be compensated for? My guess is basically none. Even then as stated above they have given notice in line with their T&Cs which we all agreed to when opening their account.
That said you can still get a bit of money out of them if you currently hold a regular saver, as they are paying early interest as discussed here:
https://forums.moneysavingexpert.com/discussion/6247452/m-s-bank-closing-all-current-accounts/p1
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Why do you think 6 months is short notice? Short notice would be cancelling an account immediately as some people here have experienced with other banks.clibay said:Will Marks be compensating its account holders for withdrawing this facility at such short notice?
You have plenty of time to organise alternatives. I've already put a switch in motion to move to an alternative. It's not a difficult process.Remember the saying: if it looks too good to be true it almost certainly is.1
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