Barclays Basic Account

Costabit

Well I guess it had to happen eventually but Barclays have refused my application for a current account and offered me a Basic Account.

Despite having ( or have held ) accounts at almost every bank there is ,and being a veteran of the switching process, I encountered multiple issues with opening the account necessitating a branch visit ( like many people on here ) . So, at the branch I was declined a current account and only offered the Basic one, now reasoning that as they had done a hard search and couldn’t think of anything to lose I accepted the offer and now have a Barclays Basic account.

I’ve no complaints with Barclays as they are entitled to do business as they see it and I know that I won’t get any switching bonus or Blue Rewards etc but can any body think of a reason to keep the account ?

I don’t intend to use the account, really it was just for the switch rewards originally so don’t need it
Should I keep or close ?

Largs

Can you maybe keep it until another switching offer comes along?  

retiredbanker1

Unless there is something untoward on your credit files - keep it for a few months to see if you are eligible for an account upgrade.

boingy

I don't know if you can CASS switch a basic bank account to a "normal" account at another bank but that would be a reason to keep it.

born_again

Costabit said:

Well I guess it had to happen eventually but Barclays have refused my application for a current account and offered me a Basic Account.

Despite having ( or have held ) accounts at almost every bank there is ,and being a veteran of the switching process, I encountered multiple issues with opening the account necessitating a branch visit ( like many people on here ) . So, at the branch I was declined a current account and only offered the Basic one, now reasoning that as they had done a hard search and couldn’t think of anything to lose I accepted the offer and now have a Barclays Basic account.

I’ve no complaints with Barclays as they are entitled to do business as they see it and I know that I won’t get any switching bonus or Blue Rewards etc but can any body think of a reason to keep the account ?

I don’t intend to use the account, really it was just for the switch rewards originally so don’t need it
Should I keep or close ?

Being offered only a Basic account is usually because you have a very bad credit history.
Might be time to check ALL credit agencies to see if there is something amiss.

Largs

born_again said:

Costabit said:

Well I guess it had to happen eventually but Barclays have refused my application for a current account and offered me a Basic Account.

Despite having ( or have held ) accounts at almost every bank there is ,and being a veteran of the switching process, I encountered multiple issues with opening the account necessitating a branch visit ( like many people on here ) . So, at the branch I was declined a current account and only offered the Basic one, now reasoning that as they had done a hard search and couldn’t think of anything to lose I accepted the offer and now have a Barclays Basic account.

I’ve no complaints with Barclays as they are entitled to do business as they see it and I know that I won’t get any switching bonus or Blue Rewards etc but can any body think of a reason to keep the account ?

I don’t intend to use the account, really it was just for the switch rewards originally so don’t need it
Should I keep or close ?

Being offered only a Basic account is usually because you have a very bad credit history.
Might be time to check ALL credit agencies to see if there is something amiss.

I'm not so sure about it usually being bad credit history, I live in a flat and if they can't find me at at my exact flat position, I can be declined for credit when there is nothing untoward on my files.  My address has Flats A and B, then 1/1, 1/2 etc.  Capital One seem to use an odd datasbase and can't find my flat.  Strange.

Costabit

boingy said:

I don't know if you can CASS switch a basic bank account to a "normal" account at another bank but that would be a reason to keep it.

I have the option to switch into this basic account but don’t know if it would be possible to switch out.
Does anybody know if this basic account would be acceptable to other banks ?

Costabit

born_again said:

Costabit said:

Well I guess it had to happen eventually but Barclays have refused my application for a current account and offered me a Basic Account.

Despite having ( or have held ) accounts at almost every bank there is ,and being a veteran of the switching process, I encountered multiple issues with opening the account necessitating a branch visit ( like many people on here ) . So, at the branch I was declined a current account and only offered the Basic one, now reasoning that as they had done a hard search and couldn’t think of anything to lose I accepted the offer and now have a Barclays Basic account.

I’ve no complaints with Barclays as they are entitled to do business as they see it and I know that I won’t get any switching bonus or Blue Rewards etc but can any body think of a reason to keep the account ?

I don’t intend to use the account, really it was just for the switch rewards originally so don’t need it
Should I keep or close ?

Being offered only a Basic account is usually because you have a very bad credit history.
Might be time to check ALL credit agencies to see if there is something amiss.

That’s a bit worrying 
My reports were fine a month ago.Think I will check all my reports to see

Costabit

retiredbanker1 said:

Unless there is something untoward on your credit files - keep it for a few months to see if you are eligible for an account upgrade.

That was my first thought 
I may put a couple of transactions through it in the next few months and maybee try again for the normal current account 

[Deleted User]

Costabit said:

boingy said:

I don't know if you can CASS switch a basic bank account to a "normal" account at another bank but that would be a reason to keep it.

I have the option to switch into this basic account but don’t know if it would be possible to switch out.
Does anybody know if this basic account would be acceptable to other banks ?

Basic accounts are just a type of Current Account - so can be used for the CASS

retiredbanker1

Costabit said:

boingy said:

I don't know if you can CASS switch a basic bank account to a "normal" account at another bank but that would be a reason to keep it.

I have the option to switch into this basic account but don’t know if it would be possible to switch out.
Does anybody know if this basic account would be acceptable to other banks ?

It depends.
You will be credit scored by the bank you are transferring in to - if you pass and qualify for the new account then yes the CASS will transfer and close the old basic account. If you fail the credit test not much point in carrying on with the application.