Have I Been mis-sold? - Packaged Bank Accounts
Packaged Bank Accounts (PBAs) are highly profitable for banks, as they generate a passive revenue from numerous fees that mount up year after year. For about 30 years, it has been standard practice for banks to offer PBAs. In the more recent past, to remain competitive and profitable, banks marketed PBAs to new and existing customers as a means to stay at the forefront while greatly increasing their margins. Eventually, however, the banks faced a harsh public backlash. After
