FROST app

This caught my attention. Not really ethical (perhaps not legal?)

If your account still has a balance on 08/02/2024 we will be applying a £10 closure fee (“Closure Fee”).

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:popcorn:

That’s going to be interesting to see what happens there!

No massive surprise, I never really got their USP and the whole idea always felt scammy, so much so I didn’t even bother to signup just for the card

It certainly does.

This is from a different firm but the conditions would be the same I’d imagine. Emphasis mine.

“If we or PayrNet goes into insolvency all, of your balance will be available to you subject to any charges that may be made by an insolvency practitioner/administrator”

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Actually, you’re correct. I didn’t scroll down enough to see it was just a consumer shut down.

In this case this seems very disingenuous to customers to retain money in this regard. I’m not sure, legally, how that would stand.

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Will good job I saw this thread , just got my £5.01 back just in time :joy:

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