The Travel Pack from Barclays is suitable whether you’re travelling on your own or with your family.
You can get worldwide travel insurance and comprehensive RAC breakdown cover for £10.50 a month. In addition to this there is a free overdraft facility (subject to application and approval.)
The Travel Pack is available to new or existing customers who have a Barclays current account, however, there is a minimum term of 6 months.
What are the benefits of Barclays Travel Pack account?
This account designed for those who like to travel and has the following benefits:
- UK Roadside and at Home Breakdown Cover - This policy offers holders breakdown cover that includes roadside assistance as well as at home. Towage to an approved garage within 10 miles is also included.
- European Family Travel Insurance - 24-hour emergency medical assistance for the account holder and their partner, provided they are both under 70 years of age at the start of the trip.
- Fee-free overdraft - The first £200 is free, depending on eligibility.
How much does the Barclays Travel Pack cost?
The account has a monthly fee of £10.50.
How was Barclays Travel Pack PBA mis-sold?
Like payment protection insurance (PPI), PBAs were often mis-sold by banks because the suitability of the product wasn't adequately assessed against the consumers’ needs and what the account offered was not properly explained to them.
When Barclays sold customers a Packaged Bank Account, it was their responsibility to outline all the benefits to the customer to ensure that the decision to take out a PBA was right for them.
How Barclays could have mis-sold you your Travel Pack packaged bank account?
Many consumers did not want or realise they actually had a packaged bank account after the bank upgraded their account without telling them.
Before considering a packaged bank account, consumers should be made aware of alternative, free accounts that could also work for them.
Many consumers found that there were too many limitations on the policy that they would not have had if they had taken the insurance as a standalone policy. Additionally, consumers may have tried to make a claim on the policy only to find out that they were not covered.
Many consumers did not fully understand how much a packaged bank account was going to cost them per month.
If you are unlikely to use certain packaged bank account benefits, you could lose out. For example, if you don’t drive then breakdown insurance will not be suitable or applicable to your needs.