Looking for a student account whose overdraft limit is unofficially capped at £200? Enjoy the humiliation of having to justify every penny you've spent in the last month to a personal banker, so that he can try (and fail) to persuade his blue overlords to up your overdraft limit to a WHOPPING £500? If you've answered yes to either of the above questions, then Barclays Student Additions is the one for you!
I have used Barclays all of my life. I am twenty-four years old and have been a customer for over a decade. The reason why I have stuck with Barclays rather than switching to another bank is that I am happy with them!
When I was a student, I found Barclays to be really helpful. Before I even went to university I was given a £100 overdraft with my Student account. That doesn't sound like much to me now, but it allowed me to buy things like plates and cutlery, bed linen and towels - things that I didn't already have, things that I wouldn't receive parental help with. Of course, the best thing about this was that the overdraft was interest free!
I read two degrees - the first was a Bachelors which took three years, and the second was a Masters which I read part-time over two years. All in all I was a student for five years, then. During this time I had full use of my Student Account - which was upgraded to a Plus account for free when I became a postgraduate. I frequently had to extend/shorten/extend my overdraft and I was received with good humour and a friendly and helpful attitude by Barclays.
I have used internet banking since I went to university for the first time six years ago and have found it thoroughly helpful. As time has passed, Barclays has introduced the 'PINSentry' machine which is designed to help combat ID Fraud. The use of this machine is supposed to ensure that it is YOU logging into your internet/telephone banking, not someone else.
As time goes on I may find myself moving on from Barclays, but until then they continue to assist me. They were the perfect bank for me in my studentdom, and I would have had an awful lot more problems without them! (Other friends who used Natwest, for example, suffered terribly with hidden charges etc!)
I first came to Barclays as a Student at University. I got loads of freebies and an interest free overdraft to help me out when times were hard. I apreciated this and its one of the reasons I've stuck with them. I use there internet banking and there telephone banking, Barclaycall, the most. They are easy to use and you can do just about anything you need to do through them. This is ideal as being at work in the day it is difficult to get to a branch. Barclaycall did once make a hash of paying a bill for me. They inputted the wrong account number, however it was quickly sorted out and resolved in a couple of days. Due to the speed in which the mistake was dealt with I still have full confidence in the service and continue to use it. The branches though could do with freshening up. They are tatty and dirty compared to the other banks in the high street. The staff though are very helpful and friendly.
I opened my student bank account with Barclays during my first year at university. I'd had several problems with my previous bank and decided that becoming a student provided a good excuse to change my bank account. I contacted all of the high street banks and building societies and was given lots of brochures on the various student accounts offered. I chose to go with Barclays because they offered more attractive lending services. The account comes with a £200 interest free buffer but this overdraft can be increased to £1,250 and still remain interest free. If you require a higher limit than this it is possible to have an overdraft limit of up to £3,000. This carries an interest rate of 8.9%. As a student I have found the overdraft facilities invaluable, there have been many times over the last few years when I have needed access to a bit of extra cash. On the occassions that I have wanted to extend my overdraft I have had to complete a budget planner to list my incomings and outgoings each term and after handing this in I have had a decision within 24 hours. The account also comes with a Connect card which is a Visa debit card which can be used pretty much anywhere (well I haven't found anywhere that I can't use it yet). At the time of opening the account I was given the opportunity of applying for a student Barclaycard and a savings account without having to fill out any extra forms. This saves a lot of time and effort as if you had to fill out separate forms for each you would find yourself duplicating a lot of information. I was also impressed to find that Barclays provide Student Business Advisors at their branches, this means that you do not have to queue for hours to see someone and that when you do get to see them they have an understanding of your situation. I have recently received a letter telling me that on completion of my course (in two months yippee!) my account will become a Gr
aduate account. This means that I will be entitled to take out graduate loans (at a rate of 8.9% and with the option of a repayment holiday of up to 2 years). I also use Barclays online banking and have found this to be very simple to use and an extremely efficient way to manage my money. All in all I would recommend Barclays to all students, I have had no problems with them and have always found them to be very understanding (they have probably needed to be on a couple of occasions). As a student it is important to have a bank account because your student loans must be paid into one, but it is also important to shop around. I did this and found that Barclays offered on of the best student packages around.
We used to bank with this **** we can't use a nice name to describe them. We had been with then for 6yrs and every Thursday hubbys wage would go in without fail until one fateful Thursday they didnt and it just so happened when Christmas Day was on a Saturday,and hubbys work had closed for the holidays so there was no way to check and rectify mistake. So we foolishly went to bank and asked them for a loan/overdraft of wages until new year, even took wage slip which showed it should have been in account, BUT to our amazement we were told as we had no credit history we would be unable to do so, Christmas, no pressies, no money, I am ashamed to say I started crying but to no avail, they would not help. Well New year came and we eneded our services with these people and we got out and joined a new bank. The bank then had the cheek to send two letters, one saying we would be charged 50.00 for ending account without proper notice and the other saying we had gone unauthorised overdrawn and would be charged....AND both letters must have been typed in gold as they cost us a further ten pounds each to send!! We went into branch to try and sort it out and were given the same compassion we had before Christmas, in fact it is now ten years on we still owe them 350.00 but as they failed to contact (find) us within three consecutive years we are now owing them zilch, and its legal and they cannot effect our credit (bigg laughs..sorry). I now patiently wait for the day hubby wins the lottery and we go to this lot and waste hours of their time getting free drinks and snacks and advice, whilst waving cheque, before oops, thats right dearv this WAS the bank that didnt help us so..You are the weakest link..GOODBYE. Lots of menacing laughs here!!!!!!!!!!!
Some of you might have also seen my review of HSBC - unfortunately I'm one of those chancers that succeeded in opening 2 student accounts!! 2 free overdrafts is not that difficult either..... Barclays is very good the same as HSBC - they will however give you more money as standard (£1800 as opposed to £1500) but this one you must pay back the full amount in two year after graduation! This though, is not as bad as it seems as they do a conversion loan at about 7.8% over 2 years to pay it off if necessary. all the other benefits are also included graduate loans etc etc
I have so far been thoroughly impressed with my Barclays account. When I first opened the account, I was using another with Natwest but I was seduced for that no-quibbles £100 overdraft buffer (this course is £200). The Connect card which comes with the account is a Visa Debit (Delta) which I am also pleased with, as it appears to be more universally accepted than other cards, e.g.say, Switch or Cirrus. The first time I needed their help, just before christmas, I was very upset because, although UK resident, I'm not British and I had lots of troubles with other banks before: HSBC didn't even let me to open a current account and Natwest didn't let you to apply for any overdraft. The only thing the assistant asked me was if I were UK resident, I didn't even have to show them my passport, just my British driving license. They were approachable and understanding. I wanted about £500: no questions asked and without attempting to pull some kind of guilt trip- an experience that some of my friends have had with other banks. The assistant even told me I didn't have to worry so much because that amount was very small in comparation with the average student. (I am aware that at some point it will have to be paid back). Overall I have been throughly impressed with the service provided by Barclays, and wouldn't hesitate to recommend their student account to anyone looking for a flexible account which allows you to remain in complete control of your money. PS: Their online banking is the best I've dealt with.
Barclays offer a great service for HE students, up until I began my degree I banked with LloydsTSB but I found Barclays offered a much better package. Now for the tip: If you bank with Barclay's like me, consider opening a savings account too. Put your student loan cheque into your savings account and set up a transfer to your current account of a specific amount to spend each week. This will prevent you form overspending. Secondly, as they offer an interest free overdraft up to £1250, why not take advantage of this and draw up to the limit and put it all in the savings account. You can earn interest on money that isn't yours! I hope these tips help you out while you are studying, they certainly have for me!
I have so far been thoroughly impressed with my Barclays account, so it has been a great surprise to read other users opinions! When I first opened the account there were problems with Student Loans not being processed in time for the start of the University term, so they authorised an overdraft of £750 straightaway, which was really helpful as otherwise I'm sure I would have been quite stuck. The branch staff have always been friendly and the Student Business Officers have always been understanding and well aware of the potential financial problems that Students may run into. The telephone-banking service, Barclaycall, has also been impressive, as this offers many pushbutton services and allows you to pay your bills over the phone as well as accessing all your account details, putting you in complete control of your money. The Connect card which comes with the account is a Visa (debit) card which I am also pleased with, as Visa appears to be more universally accepted than other cards, e.g.-say, Switch. When I have needed help Barclays have always been approachable and understanding. For example, at the end of my 1st year I realised that I had messed up my money situation, so they extended my overdraft to £950 with no questions asked and without attemping to pull some kind of guilt trip- an experience that some of my friends have had with other banks. ( I am aware that at some point it will have to be paid back) Overall I have been throughly impressed with the service provided by Barclays, and wouldn't hesitate to recommend their student account to anyone looking for a flexible account which allows you to remain in complete control of your money.
Ok, they are not the best on the market... but they do good for students. I get the impression they do actually care about student (since it's in their interest). Ok, they do charge you 8.9% if on overdrafts from 1250 pounds, but as a result setting up an overdraft is very easy up to 1250, over that, there are forms... but they are easy. also you have access to your new overdraft normally 10 minutes after you apply!!! I use my student branch, primarily, but when i have had to use my home branch they are always as helpful as the staff in the uni branch! They seem to have v.good graduate services as well!
Very student-friendly. Provide various kind of services and discount vouchers. Also allowing overdraft up to £1250. Barclays staffs everywhere in United Kingdom are very professional and approachable. Easy way of banking, as easy as ABC to fill in the form and get bank card and other goods within very short days. It also provides 30 days instant saving and 60 days instant saving which both show high interest. Credit card can be appllied providing you have good financial sources and are interested in using it as frequently as possible. Nowadays Barclays has invented online-banking which I found very impressive and very futuristic.
I have been with Barclays approximately 3 years now. During this time the account has been a student/higher education account. My University campus branch (in Liverpool) were always sympathetic to my money worries and provided practical support and advice on every occasion. I think that they do see you as a long term investment, whereby they look after you and one day you will put plenty of money through their accounts. They have recently lent me two loans, which they reluctant to give me, however they let me show how I was going to manage the payments and made a more informed decision rather than just going by the book. Thats not say every personal banker I saw was good but I suppose every one is allowed their off days!
I started banking with Barclays just before I left to go to University; I instantly took out the highest over draft they had to offer. They had no problems with giving this to me. For myself personally Barclays have been great, they kept me on the full student overdraft throughout my student career and through the preceding two years as a Graduate. But from people who I lived with and knew at University I have been extremely lucky. Many of my friends have had all kinds of problems with their Barclays student account. Just some of the experiences were: Being turned down for the requested overdraft. Requesting repayment of their overdraft for no apparent reason. Refusing to extend over drafts. I feel that this has a lot to do with the Branch that you use because all of my friend that were experiencing this problem, their branch was the campus branch where I took my account out in my home town and they have had a reputation for being quite good to students. So my advice would be to speak to students who already band at the bank you are considering, and see if they have had or heard of any problems with banking at that particular branch.
After all the fuss over Barclays and the cash machine charges, I've had no problems so far. I was charged £1.50 once, but I've used the same cashpoint many times since with no charges. Barclays offer a £1250 interest-free overdraft (of course you have to ask to put the limit up first), and freebies to students are £20 of Waterstone's/HMV vouchers, a BT Cellnet mobile phone and a Barclaycard. When I got the vouchers, I couldn't find any books I wanted/needed in Waterstone's but I was able to spend them in HMV's instead.
A bundle of vouchers for HMV and a discount card at waterstones may sound great, but trust me there is an evil side to Barclays student account. Firstly their overdraft limit doesn't change from year to year, it remains exactly the same as the first year rate (which is £1250 by the way). What's more they will still whack you with an interest rate of 8.9 %. If, god forbid you go beyond your overdraft limit you will get stung with a 29.8 % interest rate (ouch). The credit card limit is only £350, but sometimes this may be advantageous as it will stop you going overboard. The staff at the branches aren't that friendly either, especially if you want to discuss things on your own terms. Oh and you could be one of the lucky ones who gets to uni and finds that Barclays have shut down your closest branch