Barclays "Suspend"​ My Life, Stranding me in Europe. The Dark Side Of Working Remote

Ben8282

NOBODY with 7 figure assets on deposit with a bank who spends long periods abroad or travels regularly internationally on business relies on ONE CREDIT CARD FROM ONE BANK. NOBODY.
This raises the question of why? Why don't you have the expected AMEX products or some other credit card apart from a Barclaycard? Why don't you have any money in any other accounts anywhere?
If I had 7 figure assets with a bank I would have a private banking account and some sort of established contact beyond the normal call centre staff.
When I used to travel regularly on business I had a wallet full of cards and worked on the principal that you could never have too many spare cards ... just in case this one or that one wasn't accepted or one card decided to put a security block on the card as it was being used abroad etc.

Shakin_Steve

Kodogo wrote: »

I understand; HSBC learnt the hard way in a case in America; a mistake that cost them 1.9B. Barclays however are quite possibly the worst offender of this act and a simple google search without implying any banking institution in the search, will reveal that a query on google into this issue will show hundreds of pages of results; 90% of which are linked to Barclays PLC [aka B*asta*ds PLC].

I have a corporate account; so yes. I am not one of these fools running a business with a personal account and pumping money through it expecting no one to notice.

All this tells me is that the algorithm that Barclays use is written to act on a more stringent set of values than some other banks. The reason that the youth in customer services cannot tell you the whys and wherefores is because they are deliberately kept out of the loop. The department (The one that you keep referring to a 'Barclays') that implements and acts upon these circumstances is a very small group, probably hidden behind a secret door marked 'Hazardous materials' in the bowels of Barclays HQ.

OK.....I made the last bit up.:D

agrinnall

Kodogo wrote: »

...me having no alternative but to ride the storm...that's what I found difficult to believe.

What I find difficult to believe is that you continue to fail to realise that you had plenty of alternatives, but foolishly decided not to bother banking with anyone other than Barclays. Not that I believe a word of it anyway, but it's a lesson that people in the real world rather than living a fantasy life need to learn.

[Deleted User]

Kodogo wrote: »

I understand entirely. Up until a certain degree, I could even say I agree with it. However freezing 7 figure assets....

You've gone and made a rookie troll mistake there. No one will believe your fantasy now.

What do you get out of making stuff up on the internet?

eDicky

waamo wrote: »

Other than that I would love to hear how this turns out as I travel abroad regularly.

OP's situation doesn't affect your travel, as long as you carry a variety of fee-free cards for overseas use. Any bank can suddenly freeze all your accounts, as reported here regularly, and anybody keeping 7-figure funds with a single bank and even traveling with no other means is either a troll or remarkably naive.

waamo

eDicky wrote: »

OP's situation doesn't affect your travel, as long as you carry a variety of fee-free cards for overseas use. Any bank can suddenly freeze all your accounts, as reported here regularly, and anybody keeping 7-figure funds with a single bank and even traveling with no other means is either a troll or remarkably naive.

Good point. Actually I carry about 4 different cards most of the time.

I bank with Barclays and they've rang me before checking for suspicious activity. They've also done checks by text.

eskbanker

Kodogo wrote: »

7 figure assets

Two of the figures being the ones after the decimal point, right?

societys_child

Kodogo wrote: »

. . . this thread has already had those with the intellect of a 10 year old and the imagination of a 5 year old.

Now, now, don't be putting yourself down.

Kodogo

I need not explain myself; nor feel the need to. Company assets are openly visable online to those who wish to pay to see it. Anyone who wishes to discover I am not lying; can easily do so without my consent or aid.

Thanks.

On another note; Barclays are closing the account. So my assets will be going back to Coutts.

Thanks.

Kodogo

eskbanker wrote: »

Two of the figures being the ones after the decimal point, right?

Only two? Damn, let's be real it's actually 6.