MuchBetter Business
COMPLAINTS POLICY

1. Overview

MIR Limited UK Ltd, operator of MuchBetter Business, is authorised by the FCA in the United Kingdom and therefore has the responsibility to have in place clear and effective procedures for the reasonable and prompt handling of complaints. Each of our customers must be at the centre of everything we do and therefore deserve to have a fair and courteous service at all times and the right to raise issues or concerns if they think they have not received a fair, correct or courteous service.

2. Definition of a complaint

For the purpose of compliance with the FCA requirements on complaints procedures a complaint is “any expression of dissatisfaction, whether oral or written, and whether justified or not, from or on behalf of an eligible complainant about the firm’s provision of, or failure to provide, a financial services activity”. A complaint, however, must involve an allegation that the complainant has suffered, financial loss, material inconvenience or material distress.

3. Who does this policy apply to?

To be considered an eligible complainant, you must be a MuchBetter Business user. Regardless of this, if you are not our customer you will not be an eligible complainant, but we will review your complaint in the same way as if you were.

4. How to initiate a formal complaint?

You may raise a complaint in accordance with the procedure below or use the Dispute Resolution process detailed in your Account Services Agreement.

To raise a complaint, contact our Customer Support Team via muchbetter.com/business-accounts/support and provide full details of your concerns, providing supporting evidence where relevant.  Although we aim to ensure that our customers are completely satisfied at all times, there are occasions when things can go wrong. In this case, we can assure you that we will do our best to resolve any issue or misunderstanding promptly, fairly, and effectively by our Customer Support team. In the unlikely event that you have followed the steps above and we do not provide you with a satisfactory outcome then you may escalate the issue to a “Formal Complaint” by writing an email (complaints@muchbetter.com) or a letter (Park House, Isle of Man Business Park, Douglas Isle of Man IM2 2QZ). Please ensure that you clearly mark your correspondence “Formal Complaint” in the subject of the email or letter reference and provide as much detail as possible of the reason(s) for complaining together with relevant supporting evidence.

5. How is your complaint treated?

Once the formal complaint process is initiated, we will: –

• Confirm that our formal complaints process has been initiated and provide you with a reference number for your complaint
• Acknowledge your complaint and the details of how we understand the issues you have raised
• Enclose a copy of the complaints process that you are aware of the next steps.
• We will investigate consistently and promptly determining whether the subject matter of the complaint requires remedial action and might need to contact you to request further information or documentation to enable setting out our conclusions in a final response to you within 15 business days from the date when your initial complaint is received.
• In the unlikely event that our investigations haven’t concluded before the 15th business day from the date of receipt, we will write to you to explain why we are not able to provide you with a final response and when we might expect to have fully investigated your case.

6. Closing your complaint

Once we have fully investigated and reached a conclusion, we will issue a final response stating that it is our final decision and ask you to reply indicating whether you are happy with the outcome. However, if you remain unhappy with the outcome then if you are eligible to do so, you may request a review of your complaint from the UK Financial Ombudsman Service (FOS) enclosing their contact details.

If you are an organisation or business not eligible to raise a complaint with the FOS, you may activate our Dispute Resolution process.