woolwich closing

nutty1

went in my local branch to be told it is closing and i have to change to barclays. is this all woolwich branches or just mine. if its all will we get compensated for it closing.

tom188

Woolwich is part of Barclays, and has been for some time. They are now transferring all banking arrangements to Barclays.

No i dont think you can expect any compensation as they are offering the same services to you (other than the convenient branch).

If you need a counter service and the Barclays is inaccessible I suggest you review your banking arrangements.

gt94sss2

Most people who were customers of the Woolwich in 1997 will would have received 'free' shares in them when they demutualised.

When Barclays took them over in 2000, those shareholders (if they hadn't sold their shares) were either offered cash and/or Barclays shares..

Regards
Sunil

RayWolfe

kathrynt wrote:

will we get compensated for it closing.

Why? What have you suffered to need compensation for?
Is it me, or are people asking this question for every minor inconvevience?

Bossyboots

RayWolfe wrote:

Why? What have you suffered to need compensation for?
Is it me, or are people asking this question for every minor inconvevience?

No it is not just you. Before long someone will be wanting compensation because the little man at the traffic lights didn't go green the minute they walked up to the crossing.

nutty1

RayWolfe wrote:

Why? What have you suffered to need compensation for?
Is it me, or are people asking this question for every minor inconvevience?

was only asking because when the halifax merged with some other bank they all got shares. i have not suffered but neither had halifax customers

tom188

kathrynt wrote:

was only asking because when the halifax merged with some other bank they all got shares. i have not suffered but neither had halifax customers

No they got shares when the Halifax demutualised. Those with Halifax Shares got HBOS shares when they merged with Bank of Scotland.
This also happened at the Woolwich (see previous post), though I presume you were not with them at the time. Barclays took them over some time ago and are now doing some housekeeping.

leedspete_2

i have a 100 pound overdraft with woolwich will i lose this when barclays take over cant really afford that if they do

KTF

I doubt it as its just a change or name. Barclays 'took over' years ago but instead of having two different brands its merging into one.

See here for more information:
http://www.barclays.co.uk/woolwichfaqs

Gorgeous_George

GOYA and move your account to a bank with a local presence.



GG