Review on Barclays by Randy Hunnicutt
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Barclays bank is a leading British financial institution and international investment bank, headquartered in London. Apart from commercial banking, Barclays has been structured into four main companies: corporate banking, personal banking, wealth management, and capital budgeting. All of the banks offer various services that are useful for individuals and families. The services provided by the Barclays bank can be taken online. This helps to manage one's money and assets in a stress-free manner. The online facility of Barclays helps in saving a lot of time and efforts, as one does not have to walk up to the branch and make the payment.
One can also transfer money to a new account, view your past bills and check your credit history, view your account summary, and even apply for loans and overdrafts online. You can use your Barclays debit cards for making payments. The debit cards can be used for online shopping, allowing you to shop from anywhere with no need of a credit card. In order to withdraw cash from your ATM, all you need is access to a net with internet connection and a valid debit card. The benefit of using online facilities is that there are no restrictions or charges at all. You can visit the Barclays website, or the Barclays bank website for further details on different services available.
There are three types of accounts in the Barclays family. They are'Barclays Premier Account', 'Barclays VIP Account' and 'Barclays Commercial Account'. All the three kinds of accounts have similar features and the only difference is in the credit limit and the frequency of billing.
A Barclays Premier Account allows an individual to open a bank account, a cheque book and a cheque card. It can be used by anyone who has a valid license of ownership of the property. The card needs to be linked to one of the three Barclays branches - London, Jersey or the Channel Islands. This card can also be linked to an online banking facility via a password provided by the client. Another unique feature of the Premier Account is that it is linked to an EFT facility.
The Barclays VIP Account allows an individual to open a cheque book and a cheque card. It can also be used by anybody who owns an EFT-linked debit card, as long as he has a valid license of ownership of the property. Like the Premier Account, EFT cards can also be linked to online banking facilities. The EFT facility enables an individual to transfer funds from his/her Barclays Account to his/her cheque book, or his/her savings account.
The third variety of accounts, the Commercial Accounts, include cheques, credit cards, debit cards and business cards. These cards can be used to pay rent, buy goods and services, make payments online, enter labor payments, enter lottery winnings or make payments for other goods and services. For online transactions, the person needs to have a valid email address, which can be verified by contacting the company through their website.
Pros
- Successful entity
- Smash usury motive
Cons
- Unpleasant home equity loan ideas
