Barclays Premier Current Account

tracyyi

It stated that to open a Barclays Premier Current Account, you need to have " need a gross annual income of at least £75,000 paid into the account"

Can I make a make a payment of £20,000 one time and the remaining is from my annual income monthly?

p/s: I already have a Barclays Bank Current Account since 2016. 

flaneurs_lobster

That's not quite what it says, "To be eligible for free Premier Banking......" (my bold), otherwise you'll pay a fee of £20/month. 

Since you're an existing customer it's probably worth asking if they have any wriggle room on the requirements.

tracyyi

flaneurs_lobster said:

That's not quite what it says, "To be eligible for free Premier Banking......" (my bold), otherwise you'll pay a fee of £20/month. 

Since you're an existing customer it's probably worth asking if they have any wriggle room on the requirements.

Sorry, where does it said "otherwise you'll pay a free of £20/month"?

Not in Barclays Barclays Premier Current Account,

flaneurs_lobster

 tracyyi said:

flaneurs_lobster said:

That's not quite what it says, "To be eligible for free Premier Banking......" (my bold), otherwise you'll pay a fee of £20/month. 

Since you're an existing customer it's probably worth asking if they have any wriggle room on the requirements.

Sorry, where does it said "otherwise you'll pay a free of £20/month"?

Not in Barclays Barclays Premier Current Account,

Barclays app, Products, Current Accounts, Premier Banking

Sorry, can't do screenshot - app security disallows it. 

Haven't checked online, maybe different?

tracyyi

flaneurs_lobster said:

 tracyyi said:

flaneurs_lobster said:

That's not quite what it says, "To be eligible for free Premier Banking......" (my bold), otherwise you'll pay a fee of £20/month. 

Since you're an existing customer it's probably worth asking if they have any wriggle room on the requirements.

Sorry, where does it said "otherwise you'll pay a free of £20/month"?

Not in Barclays Barclays Premier Current Account,

Barclays app, Products, Current Accounts, Premier Banking

Sorry, can't do screenshot - app security disallows it. 

Haven't checked online, maybe different?

I mean I would like to open a  Barclays Barclays Premier Current Account.
Website does not say about fees for this account.

Band7

Here you go

flaneurs_lobster

From "Barclays tariff for personal customers, Our bank charges explained, September 2022" page 4

https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/barclays-tariff-for-personal-customers.pdf 

Eligibility and fee for Premier Banking

To be eligible for free Premier Banking, you’ll need to have a Barclays current account and either, pay in an annual gross income of £75,000* or more into that account, or hold at least £100,000 in savings with us and/or in personal Barclays UK investments. There’ll be a monthly fee of £20.00 for Premier Banking if you don’t meet this. We’ll review your eligibility for free Premier Banking regularly and if you don’t meet this we’ll contact you to explain your options.

tracyyi

flaneurs_lobster said:

From "Barclays tariff for personal customers, Our bank charges explained, September 2022" page 4

https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/barclays-tariff-for-personal-customers.pdf 

Eligibility and fee for Premier Banking

To be eligible for free Premier Banking, you’ll need to have a Barclays current account and either, pay in an annual gross income of £75,000* or more into that account, or hold at least £100,000 in savings with us and/or in personal Barclays UK investments. There’ll be a monthly fee of £20.00 for Premier Banking if you don’t meet this. We’ll review your eligibility for free Premier Banking regularly and if you don’t meet this we’ll contact you to explain your options.

confused.

Premier Current Account is different?

https://www.barclays.co.uk/premier-banking/current-accounts/

Ozzig

tracyyi said:

flaneurs_lobster said:

From "Barclays tariff for personal customers, Our bank charges explained, September 2022" page 4

https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/barclays-tariff-for-personal-customers.pdf 

Eligibility and fee for Premier Banking

To be eligible for free Premier Banking, you’ll need to have a Barclays current account and either, pay in an annual gross income of £75,000* or more into that account, or hold at least £100,000 in savings with us and/or in personal Barclays UK investments. There’ll be a monthly fee of £20.00 for Premier Banking if you don’t meet this. We’ll review your eligibility for free Premier Banking regularly and if you don’t meet this we’ll contact you to explain your options.

confused.

Premier Current Account is different?

https://www.barclays.co.uk/premier-banking/current-accounts/

Details here ...

https://www.barclays.co.uk/content/dam/documents/personal/important-information/FeeInformation-PremierCurrentAccount.pdf

tracyyi

Ozzig said:

tracyyi said:

flaneurs_lobster said:

From "Barclays tariff for personal customers, Our bank charges explained, September 2022" page 4

https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/barclays-tariff-for-personal-customers.pdf 

Eligibility and fee for Premier Banking

To be eligible for free Premier Banking, you’ll need to have a Barclays current account and either, pay in an annual gross income of £75,000* or more into that account, or hold at least £100,000 in savings with us and/or in personal Barclays UK investments. There’ll be a monthly fee of £20.00 for Premier Banking if you don’t meet this. We’ll review your eligibility for free Premier Banking regularly and if you don’t meet this we’ll contact you to explain your options.

confused.

Premier Current Account is different?

https://www.barclays.co.uk/premier-banking/current-accounts/

Details here ...

https://www.barclays.co.uk/content/dam/documents/personal/important-information/FeeInformation-PremierCurrentAccount.pdf

Oh, okay. Not mention in the main page, only mention in T&C.
I have to forget about this Premier current account.

Ozzig

tracyyi said:

Ozzig said:

tracyyi said:

flaneurs_lobster said:

From "Barclays tariff for personal customers, Our bank charges explained, September 2022" page 4

https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/barclays-tariff-for-personal-customers.pdf 

Eligibility and fee for Premier Banking

To be eligible for free Premier Banking, you’ll need to have a Barclays current account and either, pay in an annual gross income of £75,000* or more into that account, or hold at least £100,000 in savings with us and/or in personal Barclays UK investments. There’ll be a monthly fee of £20.00 for Premier Banking if you don’t meet this. We’ll review your eligibility for free Premier Banking regularly and if you don’t meet this we’ll contact you to explain your options.

confused.

Premier Current Account is different?

https://www.barclays.co.uk/premier-banking/current-accounts/

Details here ...

https://www.barclays.co.uk/content/dam/documents/personal/important-information/FeeInformation-PremierCurrentAccount.pdf

Oh, okay. Not mention in the main page, only mention in T&C.
I have to forget about this Premier current account.

I had one a decade or so ago, fancy black debit card was nice and shiny, didn't benefit from any other benefits.
Then the shares I had that qualified me for the account plummeted, I thought nothing of it, but the next time I called the Premier helpline I was politely asked to use the normal number in the future.

Followed by a rather condescending letter explaining I was normal again but could keep the fancy black debit card. 

Most of the financial / wealth management advice was all SJP products so I never took them up on any of their advice.