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Reclaiming Monthly fees for current accounts "Natwest Rewards and Santander 1-2-3 Lite"

deejbk01
Posts: 80 Forumite

Hi,
I have two cashback bank accounts, which I use to earn a few pounds each month. The Santander 1-2-3 Lite account and the Natwest Rewards account.
Both accounts have a £2 fee which I've always just accepted as part of the account, as typically I earn £5 monthly in rewards/cashback, so the monthly fee, just reduces the amount I earn each month.
However I've heard that Bank account monthly fees can often re requested to be waived. I wonder if anyone else has tried this for either of these?
Additionally, has anyone ever gone one stap further and requested refund of historic monthly fee payments?
Many thanks
Dan
n.b. I am not aware of either accounts coming with insurance policies as per https://www.moneysavingexpert.com/reclaim/reclaim-packaged-bank-accounts
I have two cashback bank accounts, which I use to earn a few pounds each month. The Santander 1-2-3 Lite account and the Natwest Rewards account.
Both accounts have a £2 fee which I've always just accepted as part of the account, as typically I earn £5 monthly in rewards/cashback, so the monthly fee, just reduces the amount I earn each month.
However I've heard that Bank account monthly fees can often re requested to be waived. I wonder if anyone else has tried this for either of these?
Additionally, has anyone ever gone one stap further and requested refund of historic monthly fee payments?
Many thanks
Dan
n.b. I am not aware of either accounts coming with insurance policies as per https://www.moneysavingexpert.com/reclaim/reclaim-packaged-bank-accounts
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Comments
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I'm not seeing the grounds on which you would request the frees being waived, given they are part of the terms and conditions of the account which you agreed to when you set it up, and which you have been benefitting from ever since?
Where have you seen the information that the request can be made and accepted? I can only see where you change your mind shortly after setting it up.
Account Fee Clarification After Changing Mind | NatWest Support CentreAll shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.2 -
deejbk01 said:Hi,
I have two cashback bank accounts, which I use to earn a few pounds each month. The Santander 1-2-3 Lite account and the Natwest Rewards account.
Both accounts have a £2 fee which I've always just accepted as part of the account, as typically I earn £5 monthly in rewards/cashback, so the monthly fee, just reduces the amount I earn each month.
However I've heard that Bank account monthly fees can often re requested to be waived. I wonder if anyone else has tried this for either of these?
Additionally, has anyone ever gone one stap further and requested refund of historic monthly fee payments?
Many thanks
Dan
n.b. I am not aware of either accounts coming with insurance policies as per https://www.moneysavingexpert.com/reclaim/reclaim-packaged-bank-accounts
Perphaps they could remove the fee and pay £1 per DD limited to 2 and a pound for logging in via the app0 -
elsien said:I'm not seeing the grounds on which you would request the frees being waived, given they are part of the terms and conditions of the account which you agreed to when you set it up, and which you have been benefitting from ever since?
Where have you seen the information that the request can be made and accepted? I can only see where you change your mind shortly after setting it up.
Account Fee Clarification After Changing Mind | NatWest Support Centre0 -
deejbk01 said:elsien said:I'm not seeing the grounds on which you would request the frees being waived, given they are part of the terms and conditions of the account which you agreed to when you set it up, and which you have been benefitting from ever since?
Where have you seen the information that the request can be made and accepted? I can only see where you change your mind shortly after setting it up.
Account Fee Clarification After Changing Mind | NatWest Support CentreSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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deejbk01 said:elsien said:I'm not seeing the grounds on which you would request the frees being waived, given they are part of the terms and conditions of the account which you agreed to when you set it up, and which you have been benefitting from ever since?
Where have you seen the information that the request can be made and accepted? I can only see where you change your mind shortly after setting it up.
Account Fee Clarification After Changing Mind | NatWest Support Centre
You made £3 a month, you've a snowballs chance and in principle even if you did then they could argue you would have to repay all the £5's you've been awarded and so you'd repay them more than the waived fees you get.0
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