Is more than one bank account better?

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  • d123
    d123 Posts: 8,622 Forumite
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    Halifax Bank
    gettinnerdy wrote: »
    In a recent forum poll, a staggering 80% voted that Lloyds is better than barclays.

    14 votes? Staggering?

    Do you write political speeches as a job?
    ====
  • Wellard_Mann
    Wellard_Mann Posts: 118 Forumite
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    I think that Barclays is no worse than most other banks; all have their pros and cons. I’ve had an account with them since the 1970s – opened when I was a student and with Barclays because they just happened to have a branch over the road from where I was studying. Maybe there’s a bit of misplaced loyalty or perhaps just nostalgia in my keeping the account with them. I have three other current accounts and Barclays isn’t my main one now though I still run a few small transactions through it every month and pay my Barclaycard by direct debit from this account.

    Pros:
    Good online banking and phone app product;
    Free Kaspersky antivirus for PC and phone;
    I can do just about everything I want to do online but personal bankers in branch have always been able to resolve any (very occasional) issues.

    Cons:
    Low interest rates on savings accounts;
    Call centre (though I’ve found their secure message response to be good on the odd occasion I’ve used it).
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
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    gettinnerdy wrote: »
    Barclays could probably buy out Lloyds then close them down

    Even though Lloyds Banking Group has a market capitalisation a third bigger than Barclays?

    Big claim!
  • enthusiasticsaver
    enthusiasticsaver Posts: 15,594 Ambassador
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    I don't think Barclays is any better or worse than other large banks. As someone rightly pointed out the poll attracted very few votes either way.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • badger09
    badger09 Posts: 11,211 Forumite
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    d123 wrote: »
    14 votes? Staggering?

    Do you write political speeches as a job?

    Not exactly. He/she specialises in fiction or should I say fantasy:cool:
  • Shakin_Steve
    Shakin_Steve Posts: 2,701 Forumite
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    Wellard_Mann wrote: »
    I think that Barclays is no worse than most other banks; all have their pros and cons. I’ve had an account with them since the 1970s – opened when I was a student and with Barclays because they just happened to have a branch over the road from where I was studying. Maybe there’s a bit of misplaced loyalty or perhaps just nostalgia in my keeping the account with them. I have three other current accounts and Barclays isn’t my main one now though I still run a few small transactions through it every month and pay my Barclaycard by direct debit from this account.

    Pros:
    Good online banking and phone app product;
    Free Kaspersky antivirus for PC and phone;
    I can do just about everything I want to do online but personal bankers in branch have always been able to resolve any (very occasional) issues.

    Cons:
    Low interest rates on savings accounts;
    Call centre (though I’ve found their secure message response to be good on the odd occasion I’ve used it).
    We’ve banked with Barclays for over 30 years and, all in all, they’ve been good. As for kaperski, well, the good old US of A have just banned all government departments from using it because they fear links with the Russian government. I certainly wouldn’t use it.
    I came into this world with nothing and I've got most of it left.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
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    PeacefulWaters wrote: »
    Even though Lloyds Banking Group has a market capitalisation a third bigger than Barclays?

    Big claim!

    Didn't stop Fred Goodwin.
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
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    bigadaj wrote: »
    Didn't stop Fred Goodwin.
    Quite. Unlikely to be repeated.
  • System
    System Posts: 178,094 Community Admin
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    PeacefulWaters wrote: »
    Quite. Unlikely to be repeated.

    He didn't do it alone - Santander and Fortis partook..!

    Ironically, if they hadn't then Barclays would have probably been in RBS' place now.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
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    Heng_Leng wrote: »
    He didn't do it alone - Santander and Fortis partook..!

    Ironically, if they hadn't then Barclays would have probably been in RBS' place now.


    The real equivalent of Barclays taking over Lloyds would be RBS' take over of Nat West, which if Fred had stopped there probably would have left them in a pretty good position, it was only when he decided to push the boat out with ABN-AMRO that things went too far.
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