Recent investigations into the Packaged Bank Accounts market have revealed that these types of accounts don’t always offer the best value of money and with an increase of packaged bank account complaints on the increase it could be the next mis-selling scandal. Therefore, if you were a policy holder of a First Direct PBA, you could have been mis-sold.
A Packaged Bank Account (PBA) also known as paid bank accounts and bundle bank accounts that come with a range of benefits such as travel insurance, mobile insurance, and car breakdown cover.
When First Direct sold customers a Packaged Bank Account (PBA) it was their responsibility to ensure that all the benefits sold with the account were right for them.
If any of the above statements apply to you then you could have a mis-sold packaged bank account complaint then next step is to find evidence that you have paid for a packaged bank account and that it was mis-sold. If you’re unsure if you’ve got a packaged bank account then you can check by looking through your statements to find the name of the account.
First Direct have sold a range of Packaged Bank Accounts over the years. Here is a list of some of the paid for accounts that they have sold:
£15.00 a Month
£10.00 a Month
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