Santander monthly fees

billbolla · 12 July 2018 at 4:12PM

Has anyone reclaimed Santander 123 acoustic
Monthly fees .They used to be £2 a month then went up to £5 a month in 2016,just when interest charges were very low
All I can find it compensation for packaged accounts or compensation for financial
hardship

Thanks

eskbanker · 12 July 2018 at 4:32PM

I can't think of any reason why anyone would have even tried to reclaim these fees, never mind succeeded!

In order to clamber onto the bandwagon of reclaiming for packaged accounts it's been necessary to demonstrate mis-selling rather than highlighting any real or perceived sense of a lack of value for money, so, having established the principle of a monthly fee for a 1-2-3 account when it was introduced, there's no reason that an increase in that fee would justify any expectation of a reclaim. The monthly fee is nothing to do with interest rates and it's not a packaged account....

If you have/had one of these accounts but didn't like the increase in monthly fee, why wouldn't you have moved, either to a free Santander account or one of their competitors?

societys_child · 12 July 2018 at 4:36PM

Has anyone reclaimed Santander 123 acoustic Monthly fees

Not heard of the "123 acoustic" but thought the 123 accounts paid cashback which more than covered any charges.

Suppose if you repaid the cashback, they might refund the charges, you'd have to ask them.

eskbanker · 12 July 2018 at 5:14PM

societys_child wrote: »

Not heard of the "123 acoustic"

Perhaps it was inspired by memories of these guys?

robatwork · 12 July 2018 at 8:43PM

eskbanker wrote: »

Perhaps it was inspired by memories of these guys?

Worst bank in history! Thanks for the unhappy memories.

And to the OP - stop being silly.

Santander monthly fees

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