Barclays Personal Banking

Barclays Personal Banking consists of Current Account facilities, Loan Facilities, Mortgage Services, Savings and Investment Facilities and Insurance Services.

Different types of Current Accounts provided by Barclays Personal Banking

Barclays Personal Banking consists of Current Account facilities, Loan Facilities, Mortgage Services, Savings and Investment Facilities and Insurance Services.

Different types of Current Accounts provided by Barclays Personal Banking

• Student Additions Account

  Beneficial Features:

  • On opening the account, the customers are offered an interest free overdraft of worth 200 pounds.
  • Account holders get the facility of online banking, phone banking and mobile banking.
  • Account holders receive a Connect Card along with the account.
  • Limit of daily ATM withdrawal is 300 pounds for Student Additions Account holders.
  • Account holders get the facility to top up their mobiles at Barclays ATMs.
  • On request, the account holders can be awarded interest free overdraft limit of higher worth. In the first year, they can get interest free overdraft limit of worth 1000 pounds, for the second year the limit can be 1250 pounds, for the third, fourth and fifth year the limits can be 1500 pounds, 1750 pounds and 2000 pounds respectively.
  • Account holders are served by student and graduate relationship managers of Barclays Personal Banking, in many branches of Barclays.

   

• Graduate Additions Account

  Beneficial Features:
  Customers are offered an interest free overdraft worth 200 pounds after opening the account.
  Account holders can request for extending the overdraft limit up to 3000 pounds.
  Account holders gat the benefit of internet banking services and phone banking facility.
  They can contact with the legal helpline of Barclays Personal Banking whenever they require. This helpline is available for 24 hours.
  Account holders are offered ATM withdrawal limit of 300 pounds for a day.
  They are provided with a Connect Debit Card along with the account subject to some conditions.
  Customers get the facility of cardholders protection.
  Account holders get good quality service from the graduate relationship managers in some of the Barclays Bank Branches.
  Account holders receive Mobile phone insurance along with account. This insurance compensates for loss of mobile phone or mobile phone theft.

   

• Higher Education Account

  Beneficial Features:

  • Account holders can get the overdraft facility without any paying any interest. The over draft limit can be up to 1500 pounds.
  • This overdraft limit can be further extended to 3000 pounds on request of the account holders.
  • Account holders get the facility of online banking and telephone banking.
  • Customers are offered a Connect card along with the account.
  • They are allowed to withdraw 300 pounds in maximum from Barclays ATMs on a daily basis.
  • Customers are served in some Barclays Branches by graduate relationship managers.

   

• Cash Card Account

  Features:
  Account holders get the facility of withdrawing 300 pounds per day.
  They are able to withdraw this amount from Barclays Cash Machines or Woolwich Cash machines or from Post Offices.
  Account holders get the benefit of transferring money to other accounts of Barclay using the phone banking facility. This phone banking facility is available for 24 hours.
  Customers get the option of receiving complete quarterly statements and mini statements from Cash Machines.
  The account holders do not get the facility of internet banking.
  Customers are not provided with overdraft facility.
  Barclays Personal Banking does not offer any debit card with this account, customers are only provided with the cash card.

   

• Foreign Currency Account

  Features:

  • This account is just perfect for those people who do not want to take the risk of exchange rate fluctuation.
  • Customers who require making transactions in foreign currency find this Barclays Account really useful.
  • Account holders are not required to pay any account maintenance fee if they manage to keep an average minimum balance of 2000 U.S Dollars.
  • The account holders don’t get the opportunity to earn interest on their foreign currency.
  • This account does not provide the facility of withdrawing money using a card in the abroad.
• Euro Account

  Features:

  • This Account is specially designed for the people who are required to make transactions in Euros.
  • This account in a way helps to lessen the risk of exchange rate fluctuations.
  • The account holders do not get the facility of money withdrawal in abroad using card.

  Other than these above discussed accounts Barclays Personal Banking also offers two Children’s Accounts namely Young Person’s Account and Barclay Plus Account. Young Person’s Account is specially designed for the children who are 16 to 19 years of age and Barclay Plus Account is meant for those children who are 11 to 15 years of age.

  Barclays Personal Banking presents three special Current Accounts which are loaded with extra or additional facilities.Barclay Accounts with Extra Facilities are the following:

  1. First Additions Current Account

     Beneficial Features:

     • Account holders enjoy interest free overdraft facility which can have a limit up to 100 pounds.
     • Account holders get the facility of favored rate of interest for the overdrafts exceeding the limit of 100 pounds.
     • Account holders can contact with the 24 hour legal assistance services.
     • Customers receive Gadget Insurance and Mobile Phone Insurance along with their account. The Mobile phone Insurance covers not only the loss of mobile but also the SIM card replacement.
     • Account holders get the benefit of card protection.
  2. Additions Current Account

     Beneficial Features:

     Account holders enjoy interest free overdraft facility which can have a limit up to 250 pounds. They can also get an extended overdraft limit on request. For the extended limit overdraft also they are offered privileged rate of interest.
     Customers are also offered RAC Comprehensive Breakdown Cover on opening the account.
     Account holders receive Mobile Phone Insurance which covers not only the loss of the mobile but also the SIM card replacement.
     Customers are offered discounts online through the retailers at the website of Barclays and Me.
     Account holders use the facility of legal helpline service of Barclays Personal Banking, whenever they require as the helpline service is available for 24 hours.
     Account holders get the facility of extended warranty on their purchases.
      

  3. Addition Plus Current Account

  Beneficial Features:
  Additional Plus Current Account carries all the benefits of Additions Current Account. In addition, Additional Plus Current Account offers some extra benefits to the account holders which are mentioned below:

  Account holders receive travel insurance covering multi trips along with their account.
  Customers are offered Domestic Emergency Cover.

  Loan Facility provided by Barclays Personal Banking

  Barclays Personal Banking Services offer the following types of loans:
   

• Barclay Loan

  Features:
   

• Customers can get approval for the loan amount of 1000 pounds to 25000 pounds.
• After being approved the loan amount is disbursed to the customer’s account within three hours time.
• Customers can choose term of repayment according to their convenience.
   
• Barclay Loan Plus

  Features:
   

• Customers can apply for this loan using online banking facility and they get instant online decision both in the cases of approval and rejection of the loan.
• If the loan gets approved then the loan amount is disbursed in the customer’s account within 3 hours.
• Customers can get a Barclay Loan Plus loan of amount staring from 7500 pounds to 25000 pounds.
• Customers get the facility of a low APR rate of 7.4%.
   
• Secured Barclay Loan for Home Owners

  Features:

• Customers can get a secured home owners loan of amount starting from 5000 pounds to 100000 pounds.
• This loan can finance up to 125% of the value of the customer’s home after subtracting the current mortgage balance.
• Customers can get options for repayment term from 5 years to 25 years.
• As the secured home owner loan is available with long repayment terms, the monthly repayment figures are quite reasonably.
• Customers can avail the most competitive APR(Annual Percentage Rate) of 6.9%
• They are not required to pay any arrangement fee or processing fee for this secured home owner loan.
• If the customer repays the loan early, then he is liable to pay Early Repayment Fee.
   
• Personal Loan from Barclays

  Features:

• Customers who take a personal loan from Barclays of amount 1000 pounds to 25000 pounds get the benefit of low APR of 7.4%.
• Customers are not required to pay any arrangement fee or processing fee for the personal loan from Barclays.
• Customers can secure their personal loan by opting for the Payment Protection Insurance.
• They can choose from the various options of flexible repayment terms.
• Customers can apply for personal loan from Barclays using online banking facility.
   
• Career Development Loan

  Features:
   

• This Career Development Loan is available to not only the customers who are studying a full time course, but also for the persons who are continuing a pert time course or distance education course.
• By applying for this loan customers can receive loan amount from 300 pounds to 8000 pounds.
• Customers get the options for choosing loan repayment term. They can avail a loan repayment period of 12 months to 60 months.
• Customers are offered the facility that they can pay nothing in the first two months after completing the career development course.

  Mortgage Services by Barclays Personal Banking

  Barclays Personal Banking presents a whole range of mortgage products which are discussed below:
   

• Fixed Rate Mortgage

  Barclays Personal Banking services offer following mortgage products under the Fixed Rate Mortgage type:

  • 1 year Fix and Track Mortgage
  • 2 year Fixed Rate Mortgage
  • 5 year Fixed Rate Mortgage
  • 10 year Fixed Rate Mortgage

   

• Offset Mortgages

  Features:

  • Customers get loan amount up to 80% of the value of his home.
  • Customers get the freedom of early repaying without paying any early repayment fee.
  • They can get the facility of underpayment or payment holiday period, but they are charged with interest for those periods.
  • Customers can opt for setting up Mortgage Reserve. This Mortgage Reserve can help the customers to avail borrowing on the basis of equity in their home.

   

• First Time Buyer Mortgage

  Features:

  • This mortgage loan is actually a 3 year fixed rate mortgage loan.
  • By applying for this loan, customers can receive a loan amount up to 95% of the value of their home.
  • This mortgage loan involves no application fee.
  • For early repayment of loan, the customers are liable to pay early repayment charges.

   

• Tracker Mortgages

  Tracker Mortgage refers to mortgages which offers low rate of interest just above the base rate for the whole term period of mortgage.
  Tracker Mortgages involve no Application Fee and customers are free to make early repayments without paying any early repayment charge.
  Barclays Personal Banking services provide the following types of Tracker Mortgage loans:

  • Lifetime Tracker Mortgage
  • 2 Year Tracker Mortgage
  • 2 Year Discounted Tracker Mortgage

  Savings and Investment Facility provided by Barclays Personal Banking

  Barclays Personal Banking provides different types of savings account which are discussed below:

  Instant Access Accounts

  These accounts are excellent from the point of view of earning interest.
  Barclays Personal Banking services provide the following types of Instant Access Accounts:

  Day to Day Savings Account

  Features:

  • Customers can enjoy instant access to this Day to Day Savings Account.
  • Customers earn interests on a monthly basis.
  • Customers enjoy the facility of transferring money from Barclays Current account to Day to Day Savings Account and vice versa.
  • They can carry out this money transfer also through online banking facility if they register for the online banking services.
  • Customers are offered a cash card along with the Day to Day Savings account. This card can be used for withdrawing cash from Barclays
  • Cash machines or Woolwich cash machines.
  • Customers can avail the daily withdrawal limit of 300 pounds by this cash card.
  • Customers can open this Day to Day Savings account even with 1 pound.
  • Customers get the facility of phone banking services.
  • The interests paid on the balance of this account are not tax free.

  E-Savings Account

  Features:

  • Customers can enjoy instant access to this E-Savings Account.
  • Customers get the facility of tiered interest rates.
  • The interests on the balances of this E-Savings Account are paid on a quarterly basis.
  • Customers get the facility of transferring funds between different accounts of Barclay using online banking services.
  • They can handle their account quite efficiently using the all time online banking facility.
  • Customers can open this E-Savings Account with a very low amount as low as 1 pound.
  • This account provides neither branch banking facility nor phone banking facility.

  Barclays Mini Cash ISA

  Features:

  • Customers can enjoy instant access to this Barclays Mini Cash ISA Account.
  • This account helps the customers to save up to 3000 pounds tax free in every tax year.
  • Interests are calculated on a daily basis but are credited to the account on annual basis.
  • Customers can open this Barclays Mini Cash ISA Account with a very low level of deposit as low as 1 pound.
  • Customers can carry out all account related activities through branch banking and phone banking services of Barclays Personal Banking.
  • They also enjoy the facility of online banking services.
  • Customers can deposit maximum 3000 pound in this account per tax year.
  • Customers enjoy the facility of transferring funds from any existing ISA account.

   

• Savings Bonds Account

  Features:

  • Customers can choose term period for this savings bonds account.
  • For the whole term period, customers earn a fixed rate of interest. So, there is no risk involved but capital gets growing.
  • Customers are paid interests on a monthly basis or annual basis or at the end of the term according to the preference of the customer.
  • To open this Savings Bond Account, customers are required to deposit 500 pounds in minimum.
  • The Customers can deposit in Savings Bond maximum 2 million pounds.
  • Customers get the facility of branch banking and phone banking services.
  • They can also manage their savings bond account using internet banking facility if they register themselves for the online banking services.
  • Customers are not able to access their money during the term period.
  • Customers are not able to add funds to this savings bond account during the term period.

   

• Savings Builder Account

  Features:

  • Customers can open a Savings Builder Account with a deposit of 10,000 pounds.
  • Customers receive interests on this account on a monthly basis.
  • Customers are entitled to instant access to their money.
  • Though customers are allowed to make withdrawals, these withdrawals affect the rate of interest which is paid on the balance of the account.
  • Customers enjoy the facility of branch banking and phone banking services.
  • Customers get the option of registering for online banking services. If they register, they can manage their savings builder account using online services much simply and conveniently.
  • Customers can transfer money between Savings Builder Account and any of the Barclays Current Accounts. This fund transferring can be done through branch banking, phone banking and even through online banking if the customer is registered for online banking services.

  Insurance Services provided by Barclays Personal Banking

  Barclays Personal Banking provides insurance services in almost every sphere of life.The different types of insurances offered by Barclays Personal Banking are the following:

  Home Insurance

  Beneficial Features:

  Barclays Personal Banking offers high value home insurance.
  Barclays Personal Banking Home Insurance Service provides a helpline to guide customers about their insurance claims. This helpline is available for 24 hours.
  The insurances cover not only the home emergency but also the legal expenditures.

  Types of Home Insurance

  Buildings Only Home Insurance
  Under this home insurance service, customers can get an insurance coverage up to 500,000 pound.
  Contents Only Home Insurance
  Under this home insurance service, customers can get an insurance coverage for contents of home, up to 50,000 pound.
  Buildings and Contents Home Insurance
  Under this special home insurance service of Barclays Personal Banking, customers get insurance coverage for both the building and the home contents. Moreover, the customers are offered a discount of 10%.

  Car Insurance

  Barclays Personal Banking offers Car Insurance Policies at competitive rates. If the customers purchase their car insurance policy online, then they can avail a discount of 10%.
  Barclays Car Insurance provides a Comprehensive Coverage which includes the following:
  Legal responsibility for death of third party in accident or for the injuries caused to third party in the car accident
  Legal responsibility for the damage caused to third party’s property
  Personal Injury of the policy holder and his or her spouse.
  Medical Expenses incurred due to injuries of any passengers of the policy holder’s car.
  Personal property which was in the insured vehicle.
  Replacement costs
  Repair Costs
  Theft Claims

  Travel Insurance

  Barclays Personal Banking Travel Insurance Service offers a complete spectrum of Travel insurance policies.

  Beneficial Features:

  • Customers who opt for Barclays Travel Insurance can get Personal Accident Coverage up to 30,000 pounds.
  • Customers who buy Travel Insurance from Barclays Personal Banking Services can receive Personal Public Liability coverage up to 2 million pounds.
  • Barclays Personal Banking Travel Insurance policies also offer Medical Expense Coverage of 10 million pounds in maximum.
  • Customers who buy travel insurance policy through online services of Barclays Personal Banking are offered a discount of 10%.
  • Customers can choose from Single Trip Travel Insurance and Multi Trip Travel Insurance.
  • Customers can even go for a Travel Insurance Policy which provides 2 days cover by paying for 6 pounds.

  Business Insurance

  Barclays Personal Banking offers a whole range of Business Insurance for their customers, so that one can pick up the right Business Insurance Policy according to his personal specific requirements.
  Barclays Personal Banking offers Self Employed Insurance for the self employed persons.
  Barclays also provide Residential Property Insurance for investors who buy residential property to put on rent and for business organizations who deal with residential property. The other types of Business Insurance provided by Barclays Personal Banking are Van Insurance, Office and Surgery Insurance for the businesses which are office based and depend on surgical instruments, Shop and Salon Insurance designed specially for shop based businesses, Pub, Restaurants and Hotel Insurance and last but not the least Minifleet Insurance which can cover 3 to 12 vehicles under single policy coverage.