Motor giants the AA and the RAC have set aside millions of pounds to compensate customers who may have been paying for their cover twice due to having Packaged Bank Accounts (PBAs).
An estimated 25,000 people could be affected by the discovery which happened during an IT systems update at the AA.
Some Lloyds and... Read more
Customers looking to claim compensation having been mis-sold a Packaged Bank Account (PBA) have been defended by a senior finance journalist.
Writing for This is Money, Simon Lambert said that claiming back money for a mis-sold PBA did not add to Britain’s ‘compensation culture’.
PBAs are accounts with annual or monthly fees attached to them, offering benefits such as travel insurance and motor... Read more
Concerns have been raised over the suitability of travel insurance which is sold as part of Packaged Bank Accounts (PBAs).
PBAs are bank accounts that charge a monthly or annual fee, and in return offer a range of features such as travel insurance, mobile phone cover or preferential rates on products such as loans.
However... Read more