Lloyds Banking Group is one of the ‘Big Four’ banks in the UK, with millions of customers using its financial services. Lloyds Banking Group was formed in 2009 after Lloyds TSB merged with HBOS. Today, Lloyds offer a wide range of accounts including those that charge a fee for their services, in return for various benefits. These are known as packaged bank accounts.
Lloyds packaged accounts typically include travel insurance, mobile phone insurance and breakdown cover. Some of the packaged bank accounts include a 24 hour home emergency call out service. Lloyds packaged accounts include:
Monthly account fees range from £8.95 to £25. However, some people may have been sold these accounts without knowing what the benefits are, or without actually qualifying for the insurance policies.
If you're paying a fee for your Lloyds account – check your statements – it may be a packaged bank account. There may be multiple ways in which these bank accounts could have been mis-sold.
At Banking Refunds, we operate on a no-win-no-fee^ basis. So if you're in any doubt about your packaged account from Lloyds, give us a call or fill in our enquiry form
Was I mis-sold?