Bank account switch help!

NellyD

Hello,

I am meeting with a personal banker at Barclays on Friday to discuss switching from my Graduate Additions Account to a regular current account (I graduated in 2008)

I am a complete novice when it comes to banks and jargon etc...

I have an overdraft of £500 right now, if I switch will that be automatically withdrawn? What sorts of things should I be asking them to ensure I dont end up paying charges or with no money?

Any advice is appreciated.

Gonzo33

I can't see why Barclays would withdraw an overdraft facility because you are switching accounts providing you are putting an income into that bank account.

We have two bog standard current accounts with Barclays with £500 overdrafts on currently (although we don't use them).

legendofdave

Hi Mate,

Best thing to do is check the website, Barclays offer a whole range of accounts and you just need to pick the one thats right for you. Think about things that you need as well, for example all that stuff that people think banks sell too boost their revenue (which is of course true) can be very useful. If you already have a graduate additions account you could just swap to an additions active account. Its 16quid a month but if you do the math then the benefits are pretty sweet.

I had a ton of mobile phone insurance ect ect and now ive got ; Rac, mobile phone and gadget insurance, travel insurance and some home care stuff. Im a premier customer and ive gotta say ive used the lot of it countless times. All of that would cost me an arm and a leg, iphone mobile insurance is like 13quid a month on its own.

Dave

NinjaPenguin

legendofdave wrote: »

Hi Mate,

Best thing to do is check the website, Barclays offer a whole range of accounts and you just need to pick the one thats right for you. Think about things that you need as well, for example all that stuff that people think banks sell too boost their revenue (which is of course true) can be very useful. If you already have a graduate additions account you could just swap to an additions active account. Its 16quid a month but if you do the math then the benefits are pretty sweet.

I had a ton of mobile phone insurance ect ect and now ive got ; Rac, mobile phone and gadget insurance, travel insurance and some home care stuff. Im a premier customer and ive gotta say ive used the lot of it countless times. All of that would cost me an arm and a leg, iphone mobile insurance is like 13quid a month on its own.

Dave

Just a guess, but do you by any chance work for Barclays?

dixon-bainbridge

Hi there,

My advice is that if you often go in to your overdraft then choose an account that gives you a free overdraft buffer. If you are always in credit then choose an account that pays interest.

Only choose an account with a monthly fee if you will actually use the benefits it brings (common sense I know )

You don't need to be loyal to Barclays, there are plenty of banks out there that may offer better products for your needs - shop around.