Barclays or HSBC

ricky.patel89

I'm looking at opening an account with of these to use for all my DD and bill payments, standing orders etc, basically my working account and where I'll have my wages paid into . But I'm unsure of which to go for?

Amy help.

Thank you.

Rafter

ricky.

Really depends what you are looking for.

HSBC generally comes out better for customer satisfaction and low complaints and Barclays overdraft charges are a bit more confusing.

A bank account is a bit of a commodity though and often boils down to which has the most convenient branch to you and whether there are any joining incentives available.

Good luck

R.

Fedz

My personal choice out of the 2 you mentioned would be HSBC but, as said above by Rafter it's often convenience & incentives.

With me it's good on-line banking & telephone customer services as I don't use branches & out of the 8 current accounts I have Nationwide is my fave by far.

Happy choosing

heloid

Both are good but HSBC is my pick having used them without a single issue for the last 2 years.

premierfella

Online, I believe Barclays requires the use of a card reader if you want to send payments, etc. HSBC does not currently, but "encourages" you to download Rapport software.

Use or non-use of card readers swings the decision for some.

Tony_M_2

I've been looking at moving from Santander and applied in the summer for the Nationwide account for the benefit of using the card in Europe without a fee, now that has changed so I'm looking again. Barclays allow free cash withdrawls using one of their global alliance partners. So that paired with one of the credit cards with no fee to spend seems a good idea. For me Barclays seem to have the edge at least for this reason.

gt94sss2

Tony_M wrote: »

Barclays allow free cash withdrawls using one of their global alliance partners.

Barclays will still charge you 2.75% loading in the f/x rate.

If you wanted to avoid this sort of fee when using a debit card, I think you would need to look at Metro Bank or the Santander Zero Account

Regads
Sunil

huw01

For me as an original Griffin Saver from the Midland Bank days then HSBC is the choice.

Also Barclays around here (North Wales) are closing some branches for one day a week due to staffing shortages so in some towns the barclays branch is only open four out of five days - whilst other banks in the same town are open five days - Strange decision

ricky.patel89

Are there any under funding fee's with a HSBC account? All I need is a Current Account with no benefits.

Mishomeister

ricky.patel89 wrote: »

Are there any under funding fee's with a HSBC account? All I need is a Current Account with no benefits.

You have to pay in at least £500 to qualify for HSBC fee-free account

heloid

I haven't paid in money to my HSBC CA for about 6 months and I haven't had a charge. I do however still have my regularly used credit card with them and I bank with First Direct so that might be holding them off... who knows.