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Child & Co RBS Branch to close
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PloughmansLunch said:If, like me, you like to spend your days looking at bank statements through a printer’s loupe, the difference is pretty striking. Bottom is the newer style.
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Deleted_User said:WillPS said:Deleted_User said:It's an entire product, the point I was trying to raise to you in the Barclays thread, but seemed to go over your head. A bank account is a product, if it is a premium product, all aspects should reflect that.What is? Royal Bank of Scotland aren't marketing Child & Co at all, leave alone as some sort of premium product.Even if they did, and having a fancy debit card/chequebook was part of that I very much doubt 'nicely printed statements' would be.
Very obtuse people on these boards at times...
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Deleted_User said:It's an entire product, the point I was trying to raise to you in the Barclays thread, but seemed to go over your head. A bank account is a product, if it is a premium product, all aspects should reflect that.
What other bank accounts in the £70k-£100k minimum salary range offer different statements (in terms of paper/printing) compared to their standard accounts?
All of the 'premium' accounts offer more than the standard accounts that are far more useful. For example, RBS offer a better rewards rate on their premier rewards account. HSBC offer free travel insurance and a higher interest free overdraft limit. Barclays offer an Avios current account that is only available to premier customers and also a a higher interest free overdraft limit. Based on my experience with all 3, it's also easier faster to call customer services versus the regular account.
I've also got experience with the tier up from Barclays Premier - Barclays Wealth. Apart from the statement having a slightly different colour scheme, the printing and paper remains identical to my previous premier account. What is useful is the more personal customer service - my dedicated private banker and his team are great, and I've also had a couple of very fancy free meals out courtesy of Little Book of Wonders. You also get £1000 interest free overdraft limit, and not that I've used it but the standard overdraft rate is 9.7%.
Seeing as paper statements are turned off by default on all new accounts, I can't really see anyone basing their decision on a premium account (even only slightly) based on the quality of the paper and printing of the statement. I also think its a perfectly acceptable cost saving measure to standardise the statements across a banking group, and use the cheapest paper and printing that still produces a legible, robust statement.4 -
Se1Lad said:
I've also got experience with the tier up from Barclays Premier - Barclays Wealth. Apart from the statement having a slightly different colour scheme, the printing and paper remains identical to my previous premier account. What is useful is the more personal customer service - my dedicated private banker and his team are great, and I've also had a couple of very fancy free meals out courtesy of Little Book of Wonders. You also get £1000 interest free overdraft limit, and not that I've used it but the standard overdraft rate is 9.7%.0 -
trient said:Se1Lad said:
I've also got experience with the tier up from Barclays Premier - Barclays Wealth. Apart from the statement having a slightly different colour scheme, the printing and paper remains identical to my previous premier account. What is useful is the more personal customer service - my dedicated private banker and his team are great, and I've also had a couple of very fancy free meals out courtesy of Little Book of Wonders. You also get £1000 interest free overdraft limit, and not that I've used it but the standard overdraft rate is 9.7%.1 -
WillPS said:Deleted_User said:WillPS said:Deleted_User said:It's an entire product, the point I was trying to raise to you in the Barclays thread, but seemed to go over your head. A bank account is a product, if it is a premium product, all aspects should reflect that.What is? Royal Bank of Scotland aren't marketing Child & Co at all, leave alone as some sort of premium product.Even if they did, and having a fancy debit card/chequebook was part of that I very much doubt 'nicely printed statements' would be.
Very obtuse people on these boards at times...0 -
I worked for a different bank, and we used to use premium (heavier) paper for our premium account statements.
We switched to normal paper because (i) it's cheaper, (ii) it reduces print costs because all the statements can go in the same file with no need for the printers to change the paper part way through (iii) as it's simply plain A4 paper, we no longer had a dependency on a specific supplier.
We took the view that as the majority of our customers didn't actually receive paper statements, and those that did would contain exactly the same information as before, there was no benefit in continuing to use premium paper. As far as I recall, none of our customers even commented on the change, let alone expressed any dissatisfaction.1 -
[Deleted User] said:WillPS said:Deleted_User said:WillPS said:Deleted_User said:It's an entire product, the point I was trying to raise to you in the Barclays thread, but seemed to go over your head. A bank account is a product, if it is a premium product, all aspects should reflect that.What is? Royal Bank of Scotland aren't marketing Child & Co at all, leave alone as some sort of premium product.Even if they did, and having a fancy debit card/chequebook was part of that I very much doubt 'nicely printed statements' would be.
Very obtuse people on these boards at times...1 -
Se1Lad said:[Deleted User] said:WillPS said:Deleted_User said:WillPS said:Deleted_User said:It's an entire product, the point I was trying to raise to you in the Barclays thread, but seemed to go over your head. A bank account is a product, if it is a premium product, all aspects should reflect that.What is? Royal Bank of Scotland aren't marketing Child & Co at all, leave alone as some sort of premium product.Even if they did, and having a fancy debit card/chequebook was part of that I very much doubt 'nicely printed statements' would be.
Very obtuse people on these boards at times...
Personally I'd rather my bank spend their budgets on better interest rates/cashback incentives and customer service staff to answer the phone, rather than premium paper!3 -
TheBanker said:Se1Lad said:[Deleted User] said:WillPS said:Deleted_User said:WillPS said:Deleted_User said:It's an entire product, the point I was trying to raise to you in the Barclays thread, but seemed to go over your head. A bank account is a product, if it is a premium product, all aspects should reflect that.What is? Royal Bank of Scotland aren't marketing Child & Co at all, leave alone as some sort of premium product.Even if they did, and having a fancy debit card/chequebook was part of that I very much doubt 'nicely printed statements' would be.
Very obtuse people on these boards at times...
Personally I'd rather my bank spend their budgets on better interest rates/cashback incentives and customer service staff to answer the phone, rather than premium paper!
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