Last updated: 1 May 2026

Packaged Bank Account Refund Calculator

Paid £10–25 a month for an account with travel insurance, breakdown cover, or mobile insurance you didn’t need or couldn’t use? You may be able to reclaim every monthly fee — plus 8% interest. The Financial Ombudsman regularly upholds these complaints.

Monthly account fee (£)

Common fees: NatWest Reward Platinum £20/mo, Halifax Ultimate Reward £17/mo, Lloyds Club £21/mo, Barclays Premier £15/mo.

Total months you held the account

A 5-year account = 60 months. A 10-year account = 120 months.

Why might it have been mis-sold? (Tick any that apply)

I was told I had to take it to get an overdraft, loan, mortgage, or other product.

I wasn’t offered a free alternative account or didn’t know free options existed.

I couldn’t actually use the insurance — too old for travel cover, pre-existing conditions excluded, didn’t own a car, didn’t travel, etc.

The bank didn’t check my eligibility for the insurance policies before selling it to me.

I didn’t realise I was being charged or didn’t know what the perks were.

Refund estimates use the standard FOS approach: monthly fees + 8% simple interest from each month paid. Final amount depends on individual case. Source: Financial Ombudsman — Packaged Bank Accounts.

✓ Free to use · ✓ No sign-up · ✓ No personal data stored · ✓ Updated for 2026/27 tax year

Ready to claim?

Apply directly to the official UK government source — no fees, no middlemen.

Apply on GOV.UK →

Related calculators

PPI Tax Reclaim

Avg £100-£300 · 15 mins