About me:Hello, my name is Udo. I wish I could spend more time with Ciao, but my time is very limited as I wo...
Member since:10.03.2001
Reviews:81
Members who trust:5
Review rated by 3 Ciao members on average: helpful
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I have got my current account with Barclays and I must say the service is outstanding.In six years I have never found a mistake on my Account statement. The people I deal with in Barclays are always very helpful and very experienced in their job. However you have to pay for that kind of service. When I exchange my holiday money with Barclays they charge about 3% commission on top of their usual bad conversion rates, so I always loose a lot of money. The accounts are lousy. You thought that they would have high interest rates, being a "big bank". But no, on my current account I get 0.25% and even on my saving account I did get about 2.5%. I have now gone to another bank which gives me 4.4% for the same type of account.The only time when Barclays has got high rates is when you borrow money from them. My friend had his mortgage with Barclays and they charged him almost double the percentage that I pay with Halifax. With loans Barclays is equally as greedy, and they have now got a credit card, where you can transfer all your loans to which starts as a discount rate of 6.9%. I pay less with my card after the 6 months discount. Overall I must say, the only thing that kept me staying with Barclays is the fact that it is not worth changing my current account, because I wouldn't gain much by changing and I would probably miss the good service.
