Harrods Bank

themull1

Hope its not your account.

jinkster

The bank do not offer any type of internet banking service which for me would be a complete pain in the neck.

Fiddlestick

NTCCF wrote: »

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

Citibank offer dollar accounts.

fiendishly

jinkster wrote: »

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

Seriously? You do not know it is 'have to'

jinkster

fiendishly wrote: »

Seriously? You do not know it is 'have to'

Yes apologies - was writing very quickly!

JuicyJesus

So, to sum it up, points in their favour:

- "Old fashioned" banking (why is stuff being old and superseded good again? Hate when people use "old fashioned" as some kind of mark of pride, when it actually means "I've not moved on from the 1970s because the modern world scares me")
- It has the name Harrods on it, which is posh, as opposed to being associated with Mohamed Al-Fayed, who is [expletive deleted]
- Don't have to look at poor people

Points that go against them:

- £20 charge per month if you want an account with them, or 78p per item - no extra benefits for this money other than above
- £30 charge for an overdraft facility
- Charges for virtually every other service unjustifiably excessive
- One branch, no Internet banking
- Snooty, up-their-own-backside customers
- Dire interest rates which even most high street banks could beat without an issue

Conclusion: Deeply cynical enterprise that will fleece you so you can feel special while actually providing a worse service than the free equivalent.

I'll stick with my current bank ta.

Rupert_Bear

My only connection with Harrods was in the 1970;s when I applied for a job there and got it.

vaporate

JuicyJesus wrote: »

So, to sum it up, points in their favour:

- "Old fashioned" banking (why is stuff being old and superseded good again? Hate when people use "old fashioned" as some kind of mark of pride, when it actually means "I've not moved on from the 1970s because the modern world scares me")
- It has the name Harrods on it, which is posh, as opposed to being associated with Mohamed Al-Fayed, who is [expletive deleted]
- Don't have to look at poor people

Points that go against them:

- £20 charge per month if you want an account with them, or 78p per item - no extra benefits for this money other than above
- £30 charge for an overdraft facility
- Charges for virtually every other service unjustifiably excessive
- One branch, no Internet banking
- Snooty, up-their-own-backside customers
- Dire interest rates which even most high street banks could beat without an issue

Conclusion: Deeply cynical enterprise that will fleece you so you can feel special while actually providing a worse service than the free equivalent.

I'll stick with my current bank ta.

Exactly! Well done for writing it out so precise.

It is just to feel special with 'Harrods'. No good to you if you live, like me, in Kent by the beach lol. London is a long walk lol

Dr_Cuckoo3

JuicyJesus wrote: »

Points that go against them:

- £20 charge per month if you want an account with them, or 78p per item - no extra benefits for this money other than above
- £30 charge for an overdraft facility
- Charges for virtually every other service unjustifiably excessive
- One branch, no Internet banking
- Snooty, up-their-own-backside customers
- Dire interest rates which even most high street banks could beat without an issue

Conclusion: Deeply cynical enterprise that will fleece you so you can feel special while actually providing a worse service than the free equivalent.

I'll stick with my current bank ta.

The account is free if you maintain £2,500 :cool:

I doubt that the Bank is looking for customers like you :idea: and from your posting history it is unclear whether you have £2,500 available to meet the Bank's minimum deposit requirements

If you did have a spare £2,500 , would your opinion of the Bank remain unaltered ?

Is your average balance at current bankers in excess of £2,500 ?

duchy

Seems even with an average balance you will get fleeced on charges-and for most people with or without money- internet banking and decent interest rates are a basic requirement.