Packaged bank accounts

Picture of Laura Pomfret in the Morning Live Studio
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Finance expert Laura Pomfret

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Packaged accounts are where you pay a monthly fee for your account in return for benefits, most often bundled insurance policies, such as travel insurance, mobile phone insurance and car breakdown.

If you've chosen one based on a rational decision, it's probably a good account as they can be the cheapest way to get many types of insurance.

But there are cases of people being mis-sold. The links below have useful information on this.

Finance expert Laura Pomfret looked at the pros and cons of these accounts.

Useful links

FCA , external

Financial Ombudsman Service, external

Resolver, external