RBS PPI compensation pot receives another £100m

Yesterday we brought you news that Barclays had added £150m to it’s compensation fund for the mis-selling of Payment Protection Insurance (PPI).

Today it’s the turn of RBS and it’s sister bank Natwest to release its quarterly figures and it comes as no surprise that the much maligned bank has followed suit.

The latest addition of £100m to the RBS compensation pot takes its overall figure past the £4 BILLION mark, with its bill now standing at £4.1bn.

First official compensation pot for PBA claims

The next mis-selling scandal is upon us and whilst PPI still has a long way to go, the mis-selling of Packaged Bank Accounts affects over 10 million UK consumers and is yet more bad news for the banks.

Whilst the media is being pretty slow on the uptake of this new scandal it is clearly gathering pace, so much so that RBS have today set aside £257m to compensate customers.

We fully expect the banks to face a bill of £BILLIONS for their part in yet another scandal that has affected UK consumers.

This first amount of compensation set aside by UK banks is clearly going to be the tip of the fast approaching iceberg as the banking sector faces more bad news.

Making a PPI or PBA Claim

Not sure whether you’ve been sold PPI or a PBA? Our fast and comprehensive checking systems that have been set up with almost all banks allows you to find out whether you’ve been one of the tens of millions who have been affected.

PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.

Not sure whether you qualify for mis-sold PPI? Check here to see whether you may.

Want to know how much you may be owed? Why not try our PPI calculator.

Not sure whether you qualify for a mis-sold PBA? Check here to see whether you may.

We’ve made claiming easy, taking the stress out of you having to deal with the paperwork, the stress, and the tactics employed by the bank to try and wriggle out of paying.

So….how do you start your claim?

#1: The first option for you is to fill in the ‘Start Your Claim’ form which can be seen on every page. By doing so, we will send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we send you with your form, we can make a start on your claim.

#2: The second option for you is to download our form, which again can be found on every page by clicking the ‘Download Claim Pack’ button. Simply print it out, complete it and send it back to us, our address can be found here. Once we receive is back we’ll let you know and make a start.

Our team of experts are on hand to answer any questions you have via telephone, email or our live chat facility.

So….why wait, let’s get started!

RBS PPI compensation pot