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Premier Account Query

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alphabravocharli
alphabravocharli Posts: 90 Forumite
Third Anniversary
edited 6 January 2019 at 3:20PM in Budgeting & bank accounts
Does anyone know about premier account with monthly subscription <25 per Month or any premier joint account having Annual salary requirement of 75000(Combined Income). I checked few premier account having Salary requirement of 75000 but they didn't mention whether this requirement is Pre-Tax or Post-Tax. Any thoughts?

Comments

  • Barclays Premier Account is free
  • alphabravocharli
    alphabravocharli Posts: 90 Forumite
    Third Anniversary
    edited 6 January 2019 at 3:54PM
    Their requirement is "An annual gross income of £75,000 or more paid into a Barclays current account". The question: is the requirement is Pre Tax Salary or Post Tax Salary. Also me and my partner reach this threshold by combining our income.

    Barclays Premier Account is free
  • 18cc
    18cc Posts: 2,120 Forumite
    I would be interested to know why you want a premiere account if you don't mind sharing.
  • Its for getting personnel Relationship manager. I had very bad experience of retail banking. Also in future i will be looking for mortgage. I have seen with premier account, bank give preferential mortgage rates.
    18cc wrote: »
    I would be interested to know why you want a premiere account if you don't mind sharing.
  • benjus
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    Their requirement is "An annual gross income of £75,000 or more paid into a Barclays current account". The question: is the requirement is Pre Tax Salary or Post Tax Salary. Also me and my partner reach this threshold by combining our income.

    "Gross" means pre-tax.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • Marchitiello
    Marchitiello Posts: 1,303 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    Most income requirement refer to individual Gross Earning , and for share accounts, at least one of the account holder needs to earn the threshold. There are reports of exception applying or some banks being less stringent with applying their own rules.
  • polymaff
    polymaff Posts: 3,950 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Its for getting personnel relationship manager. I had very bad experience of retail banking. Also in future i will be looking for mortgage. I have seen with premier account, bank give preferential mortgage rates.


    Gosh - I found that all my Premier PRM wanted to do was sell me expensive advice about products I didn't want.


    What was your "very bad experience" ?
  • I got my bank account closed. Already explain this in another forum post for which link is given below. Someone suggested that UK retail market tend to do this if they see they are losing money from some customer.

    https://forums.moneysavingexpert.com/discussion/5945722/blacklisted-by-revolut
    polymaff wrote: »
    Gosh - I found that all my Premier PRM wanted to do was sell me expensive advice about products I didn't want.


    What was your "very bad experience" ?
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