Best Packaged Bank Accounts in 2022

Author: Samuel Beckingham
Updated: Sep 13, 2022
4 minutes read

Packaged bank accounts have been around for a while. They charge a monthly fee, but offer perks like travel insurance, gadget insurance, breakdown cover and emergency home insurance. It saves you money compared to taking out individual policies, but it’s worth checking the small print just to see how much cover you’ll be getting.

With packaged bank accounts, you’ll typically receive around £500 of breakdown cover per year for the equivalent of paying £156. The only real way you benefit from this is if you actually make use of the insurance policies. It’s worth checking to see if you need them first before paying out, or you’ll be wasting money.

We’ve included some of the best packaged bank accounts on the market in 2022:



Gadget Insurance

Travel Insurance

Breakdown Cover

Home Emergency Cover

Nationwide FlexPlus


Family mobile cover (up to £2,000)

Worldwide for the family

UK and Europe with the AA

Virgin Money Club M


Family gadget cover (not just mobiles)

Worldwide for the family

UK with Green Flag

Co-op Bank Everyday Extra


Personal mobile cover

Worldwide for the family

UK and Europe with RAC

Halifax Ultimate Reward


Personal mobile cover up to £2,000

Worldwide for the family

UK with the AA

Up to £250 a claim

Monzo Premium


Personal mobile cover up to £2,000

Worldwide for the family

Lloyds Bank Platinum


Worldwide personal mobile cover

Worldwide for the family

UK with the AA

If you have had a packaged bank account and haven’t used any of the extras, this could have been mis-sold and you should make a packaged bank account claim. UK breakdown cover sounds great, but if you don’t drive, then this is of no use to you and it counts as a mis-selling.

The good news is that there is no limit to how far back you can go when you make a claim. If a packaged bank account was mis-sold and you have statements to support that you’ve never made use of their offers, you’re able to claim that money back.

The only drawback is that the further back you go, the more difficult it might become. That’s where using a claims firm that specialises in these sorts of claims comes in useful.

If you're still unsure on what a packaged bank account is, see our guide.

If you feel as though your packaged bank account was mis-sold, you could be owed compensation. Click on the button below to check your eligibility.