Harrods Bank

NTCCF

hi would anyone be able to assit with regards to the harrods bank, has anyone used this bank and what are your suggestions. Is there a minimum criteria to open the account, i believe that u need to have atleast £2,500 in the account or else a £20 montly fee applies.
any suggestions?

Bloomberg

NTCCF wrote: »

hi would anyone be able to assit with regards to the harrods bank, has anyone used this bank and what are your suggestions. Is there a minimum criteria to open the account, i believe that u need to have atleast £2,500 in the account or else a £20 montly fee applies.
any suggestions?

Is there a reason why you need a Harrods bank account?

vaporate

Bloomberg wrote: »

Is there a reason why you need a Harrods bank account?

I'm guessing so one can brag they have an affliation with Harrods.

Power of marketing. :cool:

NTCCF

i guess thats one of the reasons but also just wanted to find out more about the bank as they offer us dollar accounts and wanted to know if their charges and requirments to open the account are? or if anyone has an account with them, what is their views

NFH

I'm not sure why anyone would want to bank with Harrods Bank. According to their Personal Account Charges and Fees document, they charge £5 for a BACS payment. Rather than mentioning something useful like FPS, they say "unlike almost all other banks, we will return your paid cheques". According to Wikipedia, they were founded in 1893, but they don't seem to have moved on much since then, in terms of either their services or their charges.

jinkster

I also believe you after visit the Knightsbridge store to open the account. Send them an email and ask.

Dr_Cuckoo3

NFH wrote: »

I'm not sure why anyone would want to bank with Harrods Bank. they say "unlike almost all other banks, we will return your paid cheques". According to Wikipedia, they were founded in 1893, but they don't seem to have moved on much since then, in terms of either their services or their charges.

Some people prefer old fashioned banking


http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7017839.ece

izools wrote: »

Totally agree. Banks use to present themselves with a much more prestigious image in years gone by than they do in this day and age.

I certainly think that the move banks have made to appeal to the "lesser educated masses" has contributed to societies mis-use of credit

nzseries1

NFH wrote: »

According to their Personal Account Charges and Fees document,

I love the photocopied A4 sheet of paper as a PDF, where the text is not even selectable! What service you get for your £5 per BACS payment!

vaporate

Banking with Harrods is not worth it. Their savings accounts are poor too.

Dr_Cuckoo3

nzseries1 wrote: »

I love the photocopied A4 sheet of paper as a PDF, where the text is not even selectable! What service you get for your £5 per BACS payment!

You get the personal attention of a high calibre banker who deals exclusively with affluent customers and they don't come cheap :cool:

vaporate wrote: »

Banking with Harrods is not worth it. Their savings accounts are poor too.

Of course it is worth it just to avoid the Nat West blue debit card type of customer , I was stuck behind one last week and I only needed an envelope to use the self service deposit slot

Their banking hall is impressive too

themull1

i can read that card by the way......