It was announced today that Barclays Bank has made a profit over the last year of £7 billion!
Given that this bank has a record of offering very low rates of interest on its current accounts and hits its customers hard with extremely punitive charges I would like to ask any customers of this bank why they continue to use it?
Is it because they feel safer storing their money in a well established bank as opposed to one of the newer internet banks, or is it just because they are too lazy to move their money elsewhere?
2007-02-20 09:10:33 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I stoozed £1k into their current account for a £400 free od, free travel insurance, and a free Villa shirt! It was an offer for the first year, closed the a/c when the offer was up!
When they muck up their offers like that, hammer them for all they're worth. I like Barclays for that...
2007-02-20 10:20:51 · answer #1 · answered by barryboys 3 · 0⤊ 1⤋
I have banked with Barclays for about 20 years now and it is because I am too lazy to change to another bank-you hit the nail on the head. Mind you I've got to be honest - I have never had any problems with them but neither have I given them any problems. And I also like the colour of my new debit card. It's a really lovely turquoise colour this time.
2007-02-20 09:16:04 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I stopped working at Barclays in 2003, and RBS had always beat them on profits, RBS has not anounced theres yet
The Royal Bank of Scotland, owns Natwest
To be honest they are all as bad as each other, I bank in 3 banks now
2007-02-20 09:17:59 · answer #3 · answered by xXx Orange Breezer xXx 5 · 0⤊ 0⤋
I've been with them for about 20 years, have never thought that banks can really help you. They're just somewhere to put your wages. BUT I've been charged loooooads by them! They're not there to help, they just take. Anyway, I do want to change banks now I'm older and understand them a bit more but I have an overdraft that I think I need to pay off first.
2007-02-20 09:28:12 · answer #4 · answered by dasguiel 2 · 0⤊ 0⤋
As you could or would no longer savour, banks deal with thousands of thousands of transactions in a year. they could't probable secure modern-day files of each thing for each client. As a recurring, banks in many circumstances archive their files each 3 years because of the sheer quantity of transactions. it really is now 7 or 8 years from 2003/2004 and also you pick monetary agency statements from 2 diverse banks, HSBC and Barclays - so that you're literally at their mercy in words of how reliable their "files" are. at the starting up they're going to cost you for his or her amenities and secondly there is not any assure of how a lot info you receives on the top of all of it. there's a popular conserving: Justice in the back of agenda is Justice Denied. on your case you've in the back of agenda too lengthy to take this count number to courtroom or for your solicitor. Now its your success on how a lot suitable suggestion you could dig up from the previous. Do observe that your solicitor will likely MILK you for as a lot as he can get in this lengthy late count number - you would in simple terms locate that you ultimately end up paying your solicitor more suitable than the judgement you receives in courtroom! each letter he writes, each phonecall he makes, each 5 minutes he spends on your case will be heavily itemised on your bill for you to weep as you study it. it really is not any secret that attorneys are the biggest crooks interior the international who will rob you blind on your face. reliable success.
2016-12-04 10:36:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Clearly there's alot of happy Barclays customers
2007-02-20 10:09:22 · answer #6 · answered by Anonymous · 0⤊ 1⤋
once ive reclaimed my charges back im moving elsewhere. typical they offer me £350 back as a goodwill gesture bearing in mind the charges added up to £1650 and then they have made this huge profit. we line there pockets!
2007-02-20 09:14:43 · answer #7 · answered by Anonymous · 1⤊ 0⤋
I wish I knew. I have dealt with consumer finance etc for years and I would never consider them.
2007-02-20 09:39:16 · answer #8 · answered by fred35 6 · 0⤊ 0⤋
Now there's an idea.
2007-02-20 09:13:52 · answer #9 · answered by Finbarr D 4 · 1⤊ 0⤋