Barclays Current Account and Blue Rewards

xlnc99

colsten said:

xlnc99 said:

As for why i have so many different bank accounts, because i need them and have been forced to have them! We have all been brainwashed and tricked into having them so we have no choice. It effects our day to day living. I have many incase one or two get shut down. We all need them!

Why do you need those different banks accounts?
Explained previously - scroll up (we are forced to have them)
Who forced you to have them, when and how?
Explained prevously scroll up (government, the banks, laws, legal, rules, polices etc etc. All ties in with the banks controlling the world)
Who tricked you into having them, when and how? Explained previously scroll up (similar to answer above)
When, by whom, and how was your choice taken away? 
Explained previously scroll up (similar to answer above)
Who brainwashed you, and how did you let yourself get brainwashed? When did you get brainwashed?
We all have been brainwashed by the banks and the people who run the world forcing us to bank and provide them with our funds to profit.
What's the difference between effects and affects?
Look in the dictionary 

Hope that helps

colsten

xlnc99 said:

Colsten - i can see you are one of those guys that praise the banks when you are happy but castrate them when the rescission hits and blame them. U no what i mean, 'bankers are corrupt' 'bankers are greedy' etc

Show me just one piece of evidence where I

1. praised the banks
2. castrated the banks (how does one do that? what's rescission?) and then blamed them (for what?)
3. I honestly do not not know what you mean when you say U no what i mean, and I don't believe you have any evidence for me saying 'bankers are corrupt' 'bankers are greedy' - but please do prove me wrong. Actually, don't. Just take a chill pill, close your MSE account, register with a different name, and stop being a !!!!!!.

colsten

Just answer my questions, xlnc99, even if they are a bit difficult. Without referring me to previous places where you haven't answered them.

dcs34

I do like how we're implying the banks make billions out of each of us, but humanity collectively only makes £4 out of the banks...

wmb194

xlnc99 has it backwards: there was a time when the big banks would barely pay us a penny and would charge for every little thing. Then came free banking and then, during and after the financial crisis, all of the competition to attract current account customers, the really important one being Lloyds TSB initially offering, IIRC in 2008, 4% on its current account on balances up to £5k and later £7k, and you could have three accounts. Everything followed from this. Barclays had dabbled in the occasional 5% regular saver but introducing Blue Rewards in 2015 was in response to this competition, not because it is thumbing its nose at us. I’m sure it would really rather not have bothered to give us anything. Like most other people, I’m happy with the £21 less fee that Barclays Blue is paying me every month at the moment for doing next to nothing. I’ve worked a lot harder to earn a lot less per hour: I’m thinking in particular of the jobs I hated when I was at school and a student, stacking shelves and washing dishes.

xlnc99

wmb194 said:

xlnc99 has it backwards: there was a time when the big banks would barely pay us a penny and would charge for every little thing. Then came free banking and then, during and after the financial crisis, all of the competition to attract current account customers, the really important one being Lloyds TSB initially offering, IIRC in 2008, 4% on its current account on balances up to £5k and later £7k, and you could have three accounts. Everything followed from this. Barclays had dabbled in the occasional 5% regular saver but introducing Blue Rewards in 2015 was in response to this competition, not because it is thumbing its nose at us. I’m sure it would really rather not have bothered to give us anything. Like most other people, I’m happy with the £21 less fee that Barclays Blue is paying me every month at the moment for doing next to nothing. I’ve worked a lot harder to earn a lot less per hour: I’m thinking in particular of the jobs I hated when I was at school and a student, stacking shelves and washing dishes.

No. You are still missing my point. They have giving us peanuts as rewards yet making billions each year of OUR money. They should be contributing more then a few quid a month. If it was not for our money and our services they would not be making all this profit that instead of giving it to their customers their share/stake holders get a nice big fat bonus/dividend every year.

Its an outrage

crumpet_man

You are entitled to your opinion.  You are also entitled to not be a customer of any bank.

wmb194

xlnc99 said:

wmb194 said:

xlnc99 has it backwards: there was a time when the big banks would barely pay us a penny and would charge for every little thing. Then came free banking and then, during and after the financial crisis, all of the competition to attract current account customers, the really important one being Lloyds TSB initially offering, IIRC in 2008, 4% on its current account on balances up to £5k and later £7k, and you could have three accounts. Everything followed from this. Barclays had dabbled in the occasional 5% regular saver but introducing Blue Rewards in 2015 was in response to this competition, not because it is thumbing its nose at us. I’m sure it would really rather not have bothered to give us anything. Like most other people, I’m happy with the £21 less fee that Barclays Blue is paying me every month at the moment for doing next to nothing. I’ve worked a lot harder to earn a lot less per hour: I’m thinking in particular of the jobs I hated when I was at school and a student, stacking shelves and washing dishes.

No. You are still missing my point. They have giving us peanuts as rewards yet making billions each year of OUR money. They should be contributing more then a few quid a month. If it was not for our money and our services they would not be making all this profit that instead of giving it to their customers their share/stake holders get a nice big fat bonus/dividend every year.

Its an outrage

No, you’re missing the point. They used to offer no rewards but now they do. It’s progress, and it’s been thanks to competition rather than a conspiracy. Relative to the size of their balance sheets their profits aren’t that impressive and, at the behest of the Bank of England, ever since the financial crisis they’ve all been retaining more of these profits than they ever have in order to cover them for times like now when it looks like they’re facing lots of defaults. If you think they’re so great go and buy shares in them. They’re going cheap right now... However, your deposits are nice and safe. It’s risk versus reward.

If you want to cut out the bank and building society middleman you can lend via e.g., peer to peer lending and buying company corporate bonds either directly or via funds. You might end up raging about them using your money to make more profit than you are, though.

Is this really about missing four pounds or whatever it was for just one month? It seems strange to go off the rails like this over something so minor.

dcs34

xlnc99 said:

wmb194 said:

xlnc99 has it backwards: there was a time when the big banks would barely pay us a penny and would charge for every little thing. Then came free banking and then, during and after the financial crisis, all of the competition to attract current account customers, the really important one being Lloyds TSB initially offering, IIRC in 2008, 4% on its current account on balances up to £5k and later £7k, and you could have three accounts. Everything followed from this. Barclays had dabbled in the occasional 5% regular saver but introducing Blue Rewards in 2015 was in response to this competition, not because it is thumbing its nose at us. I’m sure it would really rather not have bothered to give us anything. Like most other people, I’m happy with the £21 less fee that Barclays Blue is paying me every month at the moment for doing next to nothing. I’ve worked a lot harder to earn a lot less per hour: I’m thinking in particular of the jobs I hated when I was at school and a student, stacking shelves and washing dishes.

No. You are still missing my point. They have giving us peanuts as rewards yet making billions each year of OUR money. They should be contributing more then a few quid a month. If it was not for our money and our services they would not be making all this profit that instead of giving it to their customers their share/stake holders get a nice big fat bonus/dividend every year.

Its an outrage

How much money have they made off you and you alone do you reckon? What methods have they used to do that?

Offset those 'gains' against the interest/rewards/bonuses they've paid out to you.

Factor in the cost of operating accounts for you, sending you letters, paying staff to answer the phone to you, setting up computer systems, online banking systems, security procedures, regulations compliance, testing and auditing, insurances, and so on...

Still feel ripped off? Then opt-out of the system. But it's odd you've been a semi-regular contributor to a forum literally called "Bank Accounts" asking questions about how to take out products with the very same organisations you've apparently got such disdain for.

And as ever when people are clamouring about 'Big Banks' and 'Big Corporations', remember Revenue =/= Profits.

xlnc99

crumpet_man said:

You are entitled to your opinion.  You are also entitled to not be a customer of any bank.

No the banks have made it such that they have pretty much forced everyone to have a bank so its a lose lose situation.