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Any thoughts on the new Barclays Account
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anley1
Posts: 73 Forumite
Barclays offering a free £5,000 overdraft plus a Barclaycard with a free £5,000 interest free limit, plus free travel insurance for 10 months.
Customers must pay in at least £1000 a month and after 10 months the account gets charged £12 a month.
Can't seem to find any details of it on their website so was wondering if/what the catches are.
Thanks!
Customers must pay in at least £1000 a month and after 10 months the account gets charged £12 a month.
Can't seem to find any details of it on their website so was wondering if/what the catches are.
Thanks!
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They are offering the Additions Plus account for free for 10 months: http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?task=articleFWgroup&value=6281&target=_self&site=pfs - no real catch except for having to pay in the £1000 per month, and after 10 months you will start to pay a monthly fee (although you can cancel the Additions Plus at any time).
They will also match existing overdraft facilities held elsewhere, on an interest free basis for 10 months, subject to satisfactory bank statments being presented. Again the customer needs to pay in £1000 per month minimum.Amazon sellers club - member number 63.
January challange - sell 10 items. 0 down, 10 to go!0 -
Andy, that deal looks a lot different to the one I mentioned.
There's no mention of the free £5000 overdraft and the interest free Barclaycard limit of £5000.0 -
The current deal has three parts:
1. 10 months free Additions Plus (i.e. free travel insurance, green flag cover, will writing etc as per the above link).
2. They will match your existing overdraft facility held at another bank, and it will be interest free for 10 months. This is up to a maximum of £5,000 and is subject to satisfactory bank statments.
3. 0% Interest on balance transfers to Barlcaycard for 10 months.
1 and 2 are subject to paying in a minimum of £1000 per month into your new Barclays account.
Small print is here: http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?task=popup1group&value=8256&target=_blank&site=pfsAmazon sellers club - member number 63.
January challange - sell 10 items. 0 down, 10 to go!0 -
This looks like a deal and a half I'm going to go get some, apparently if you're already a Barclays current account holder you're not eligible for the offer though!0
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Thanks for clearing that up Andy!0
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