Barclays review and offers
Barclays has been around since 1690, making it one of the oldest banks in the world. Today it’s part of the “Big Four” UK high street banks, serving around 20 million personal banking customers. They offer current accounts, savings, mortgages, credit cards, and investments.
Current Barclays offers
Barclays review
Completed the offer? Awesome! Here's our full review on why Barclays could work well for you going forward.
Barclays has been around since 1690, making it one of the oldest banks in the world. Today it’s part of the “Big Four” UK high street banks, serving around 20 million personal banking customers. They offer current accounts, savings, mortgages, credit cards, and investments. Their mobile app is one of the highest-rated banking apps in the UK. They also have one of the country’s largest branch and ATM networks for those who prefer in-person banking.
Is Barclays safe?
Yes, Barclays is one of the safest places to put your money. They’re authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA). Your deposits are protected up to £120,000 per person by the Financial Services Compensation Scheme (FSCS). As a systemically important UK bank, they’re subject to additional regulatory oversight and capital requirements.
Who is Barclays for?
Barclays suits anyone looking for a well-established high street bank with strong digital capabilities. Their mobile app is excellent for day-to-day banking, while their extensive branch network means face-to-face help is available when you need it. The Barclays Bank Account has no monthly fee, making it a straightforward choice for everyday banking.
Top Barclays Features
Highly-rated mobile app
Manage your accounts, make payments, freeze your card, and access budgeting tools all from the Barclays app.
No monthly fees
The Barclays Bank Account is free to run with no monthly account fee.
Extensive branch network
Access to thousands of branches and ATMs across the UK for when you need in-person banking.
Apple Pay and Google Pay
Contactless payments from your phone with full support for both Apple Pay and Google Pay.
FSCS protected
Your deposits are protected up to £120,000 per person by the Financial Services Compensation Scheme.
Pros and cons
Pros
- Generous £200 switch bonus, one of the highest available
- No monthly fees on the standard Bank Account
- Excellent mobile app rated 4.8 on App Store
- Large branch and ATM network across the UK
- Simple switch criteria with no card transaction requirements
Cons
- Hard credit check required to open the account
- Must open account via the Barclays app (not desktop)
- £2,000 pay-in requirement is higher than most switch offers
- Bonus takes up to 45 working days after meeting criteria
Our Verdict
Barclays is offering one of the most generous bank switch bonuses we’ve seen at £200. The criteria are refreshingly simple compared to other switches: just move 2 Direct Debits via CASS and pay in £2,000 within 30 days. No card transaction hoops to jump through.
The main considerations are the higher £2,000 deposit (most switches ask for £1,000) and the longer wait for the bonus at up to 45 working days. But at £200, the maths speaks for itself. If you’re new to Barclays and have £2,000 to park in the account temporarily, this is well worth doing.
Barclays FAQs
Does Barclays have any Quidsy offers right now?
Yes. Quidsy currently lists 1 Barclays offer above, each with its own step-by-step guide.
Who is Barclays for?
Barclays suits anyone looking for a well-established high street bank with strong digital capabilities. Their mobile app is excellent for day-to-day banking, while their extensive branch network means face-to-face help is available when you need it. The Barclays Bank Account has no monthly fee, making it a straightforward choice for everyday banking.
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Start earning with Barclays
£200 Free Cash is the strongest live Barclays route we have listed right now.