Lloyds Bank PLC

Financial Ombudsman decision DRN9169598 Not upheld

Not upheldoutcome, as published by the Ombudsman

£350redress stated in the decision

—deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Charges and fees, Service failure

In the Ombudsman’s words

Mr and Mrs J were charged an arrangement fee of £100Charges and fees

the bank’s failure to cancel the overdraft until over two months after the loan had been credited to the account caused Mr J’s business cash flow problemsService failure

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN9169598.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.