Barclays Golden ISA feedback

Jambala

Well, that was easy. I had two accounts already with Barclays. Once I'd gone through the (easy) application process, the ISA appeared in my accounts immediately. I stuck 50 quid in from each account. Very impressed.

James

jimbow25

SavySaver wrote: »

I just don't get this. If you walk into the branch to open up the isa why not give them the decency of filling out an application form so they can give you the best advice on all their savings account. How can you possibly know you are getting the best deals with your other banks or building societys! The point of filling this out is to possible save or make you money with your finances. It's free and you are under no obligation. But i guess you get the odd one like your self who thinks they are too good for it!

Do you know barclays gives you 2 months off their home insurance?
Barclays offer a guaranteed growth bond at 35%?

Unless you can go through a review then you won;t know this things and they could be mis selling a product without knowing your full financial position and then that would also lead to a complaint!

I don't agree with your last sentence.

Many people are happy to do their own research on what a market leading product is and whether they're getting a good deal, from this website, the various best buy tables and/or a genuine IFA. They can do this without needing to be cross-sold products directly by the bank. Being asked to provide a detailed customer profile as part of a "quick and straightforward" application procedure seems to be a stepping towards more cross-selling.

Pleased to hear most people are getting the accounts set up so smoothly though I'll consider Barclays for next year's ISA if the eventual consensus suggests they've got their act together.

guesswho

I didn't want to open another ISA merely switch to one paying a better rate. That is allowed and I shall be taking my funds away to achieve just that. The point I was making was that Barclays will lose one ISA and then open a new one. Just does not make any sense.

Castrovalva wrote: »

I think you'll find it's the ISA rules that stops Barclays from making the transfer.

To transfer your current ISA to the new one - your old one would be closed and a new one opened. I guess you've already paid in the max amount this year, so you couldn't open a new ISA anywhere under the current rules.

TuftyMatt

I went into my local branch yesterday to open a golden ISA for the 09 /10 tax year and was told to come back in April.

As a current member with this years Tax haven ISA I could not understand why but was told it was because they could not be held responsible for the cheque between now and then!!

I have made an appointment for April 6th but do find the whole thing a bit stupid. My local branch is only a mile from my house so it's no big deal in my case but I can imagine for many this would be.

Castrovalva

TuftyMatt wrote: »

I went into my local branch yesterday to open a golden ISA for the 09 /10 tax year and was told to come back in April.

I don't know anyone that would allow you to open an ISA in advance.

My contact says that Barclays has never been able to do this.

TuftyMatt

I don't care what your contact say's because I and many others know that Barclays have taken cheques in advance for the past two years minimum.

You are not opening the ISA in advance but simply doing all the paperwork and leaving a post dated cheque. Quite simple really, just like your contact by the sounds of things.

LadyofLeisure_2

I am a Barclays customer and went in simply to pay a cheque in. They were the ones who mentioned the ISA and so as it was something that was of interest they got an advisor there and then to sit down with me and go through the paperwork. Very easy and straight forward and I have logged in online and it is clear and appears on my online banking already.
Thumbs up for Barclays as far as I am concerned!

StAnToN_2

TuftyMatt wrote: »

I don't care what your contact say's because I and many others know that Barclays have taken cheques in advance for the past two years minimum.

You are not opening the ISA in advance but simply doing all the paperwork and leaving a post dated cheque. Quite simple really, just like your contact by the sounds of things.

First and foremost Post Dating cheques is actually against the law and mustn't be done.

Second of all over previous years applications were done via a prehistoric paper method meaning we could send all the paper work to the relevant department and the ISA would be opened in the appropriate tax year, as all applications are now opened in branch this is not possible we have to wait for the appropriate tax year.

The only simpleton here my friend is you, as you dont have a clue what you are on about. Next time get your facts straight before insulting a fellow board member.:rolleyes:

Baldur

StAnToN wrote: »

First and foremost Post Dating cheques is actually against the law and mustn't be done.

The British Bankers' Association doesn't appear to agree with that statement - http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=263&a=1531&view=print

SavySaver_2

Well appears all good so far! I think the lack of comments this year only goes to prove that there are none or little processing problems this year.