Barclays Wealth Current Account (UK Residents)

rockitup

expatasia wrote: »

That's depressing.

Back to the previous, do UK Nationwide mind you banking from overseas, do they let you use the R105 form for claiming tax back?

UK Nationwide are as good as gold, they will now even send statements and debit cards over to Asia (Barclays Wealth don't, if they do open an account for me they want me to fly back to collect my cards from a UK branch, I even offered to pay for DHL Courier and they declined, then I suggested I fly to Hong Kong to collect them from Barclays Wealth HK office, they declined again)

Maybe Barclays and Santander should merge, it seems like they both have the same call centre training...:rotfl::rotfl:

If you are Non-Resident still, it will be worth checking out the new HMRC guidelines which will be discussed starting sometime this month and probably imposed next April. Just in case they expect us not to have any UK accounts at all:eek:

expatasia

rockitup wrote: »

UK Nationwide are as good as gold, they will now even send statements and debit cards over to Asia (Barclays Wealth don't, if they do open an account for me they want me to fly back to collect my cards from a UK branch, I even offered to pay for DHL Courier and they declined, then I suggested I fly to Hong Kong to collect them from Barclays Wealth HK office, they declined again)

Maybe Barclays and Santander should merge, it seems like they both have the same call centre training...:rotfl::rotfl:

If you are Non-Resident still, it will be worth checking out the new HMRC guidelines which will be discussed starting sometime this month and probably imposed next April. Just in case they expect us not to have any UK accounts at all:eek:

I know what you mean about Barclays - had dealings with the utter barstewards in a previous life pre-BWealth, when does the R43 form for 2010-2011 go up on the HM thingy site, do you happen to know? I've always been too lazy to submit them. I need to research those guidelines, aye. Thanks again.

rockitup

expatasia wrote: »

I know what you mean about Barclays - had dealings with the utter barstewards in a previous life pre-BWealth, when does the R43 form for 2010-2011 go up on the HM thingy site, do you happen to know? I've always been too lazy to submit them. I need to research those guidelines, aye. Thanks again.

http://www.hmrc.gov.uk/cnr/allow_nonres.htm#r43

There is your link for R43 forms going back to 05/06, no sign of new one for the 2010/11 tax year yet.

Only other way round it is to enter details of your interest, gross, net and tax paid on a self-assessment form. I heard rebates are a lot quicker that way.

How many years were you expat before you were not sent any more self-assessment tax returns?

Also forgot to mention Nationwide do not do the R105 form yet, not too many banks like issuing those.

expatasia

rockitup wrote: »

http://www.hmrc.gov.uk/cnr/allow_nonres.htm#r43

There is your link for R43 forms going back to 05/06, no sign of new one for the 2010/11 tax year yet.

Only other way round it is to enter details of your interest, gross, net and tax paid on a self-assessment form. I heard rebates are a lot quicker that way.

How many years were you expat before you were not sent any more self-assessment tax returns?

Also forgot to mention Nationwide do not do the R105 form yet, not too many banks like issuing those.

Yes, that's what I thought.

Too many, don't ask.

!!!!!! how many banks do accept the R105 form? Even O4u could only come up with one, the Halifax.

expatasia

rockitup wrote: »

If you are Non-Resident still, it will be worth checking out the new HMRC guidelines which will be discussed starting sometime this month and probably imposed next April. Just in case they expect us not to have any UK accounts at all:eek:

I shall then change my name by deed poll to Mr U.K.Banks SuckBigTime or sumat.

rockitup

expatasia wrote: »

I shall then change my name by deed poll to Mr U.K.Banks SuckBigTime or sumat.

:rotfl::rotfl::rotfl:
Back in the early 80's Lloyds closed my account when I was in the Lunchtime queue at my branch and handed in a chequebook request and a deed poll with my new name......... Mr Shafted Bytheblackhorse

The queues of customers had a good laugh though, well worth £15 then for the deed poll change

rockitup

expatasia wrote: »

Yes, that's what I thought.

Too many, don't ask.

!!!!!! how many banks do accept the R105 form? Even O4u could only come up with one, the Halifax.

Citibank UK will accept an R105, then a few months later send you a letter informing you that they don't want your business. With them it is best to keep a UK address of someone you trust for statements, bank cards etc

expatasia

rockitup wrote: »

Citibank UK will accept an R105, then a few months later send you a letter informing you that they don't want your business.

Oh it just gets better. No wonder so many MSE-ers are joining in with this thread.

Moshi moshi. Anyone got a good word to say about Barclays Wealth?

expatasia

rockitup wrote: »

Jinkster,

I am non-Resident and have been trying to open a Barclays Wealth Current Account along with Barclays Stockbroker account.

With the Barclays Wealth a/c they seem to only be interested if you are going to use them for their managed funds and structured products.

Since then I have not heard a word from their account opening team, and have wasted time and money phoning them. Maybe I might just shove all my cash into Hargreaves Lansdown fund & share account, the interest at Barclays Wealth is so poor anyway.

This post probably sounds like a gripe at BW but, it is probably a good enough product overall, just with a pretty useless customer service department

Fame at last, via the Torygraph:

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8581465/Expat-rates-boost-interest-with-a-regular-savings-offshore-account.html

If you want to buck the trend of low interest rates, then a regular saver can work – as long as you are not too distracted by the interest rates on offer and instead look at how much actual cash you'll make.
Barclays Wealth has the Monthly Saver account.The fixed rate of 4.89 per cent gross (5 per cent Annual Equivalent Rate) is payable as long as you save between £100 and £2,000 a month by standing order. You can get at your money in the 12 month life of the account, but if you do then you'll get a lower interest rate (based on an annual rate of 0.5 per cent) for the 30 days following a withdrawal. It's only available for new money invested with Barclays Wealth – so you can't transfer from existing accounts with the bank.


They do love to reward their loyal long-term customers and surprise surprise here no mention of charges/minimum balance needed.

rockitup

expatasia wrote: »

Fame at last, via the Torygraph:

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8581465/Expat-rates-boost-interest-with-a-regular-savings-offshore-account.html

If you want to buck the trend of low interest rates, then a regular saver can work – as long as you are not too distracted by the interest rates on offer and instead look at how much actual cash you'll make.
Barclays Wealth has the Monthly Saver account.The fixed rate of 4.89 per cent gross (5 per cent Annual Equivalent Rate) is payable as long as you save between £100 and £2,000 a month by standing order. You can get at your money in the 12 month life of the account, but if you do then you'll get a lower interest rate (based on an annual rate of 0.5 per cent) for the 30 days following a withdrawal. It's only available for new money invested with Barclays Wealth – so you can't transfer from existing accounts with the bank.


They do love to reward their loyal long-term customers and surprise surprise here no mention of charges/minimum balance needed.

No mention of charges with this little loss leader. Maybe they just wait till they get your wonga in the bank and then try to entice you with "the appliance of science" so you get barclayed for some high charges on the investments they steer you towards. Beeeeeeeeeeeeware!

Did you see the bit below about Santander International offering 10% AER on their regular saver in which you can save up to £2,500 a month.
Does it sort of remind you of the Icelandic Banks in October 2008?