Premier banking - which bank to choose

Premier banking - which bank to choose

Author
Discussion

PistonReg

Original Poster:

339 posts

199 months

Tuesday 23rd February 2010
quotequote all
I've been involved in property renvoations recently and am currently funding these from savings (purchase and renovation costs), but would like to start at some point a credit facility with a premier/private account that offers more flexibility than my current bank (Cahoot)

Any developers/business men who can recommend a particular bank? I've spoken to HSBC so far and qualify for their account and I've been impressed by the (free) service they offer.

audi321

5,443 posts

219 months

Saturday 27th February 2010
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I use HSBC and can recommend them. Still a personal touch. Wouldn't touch Bar***ys with a bargepole, their personal service disappeared a couple of years back and now they just want to sell you insurances linked to the account (i.e. breakdown/holiday ins/etc)

smifffymoto

4,728 posts

211 months

Sunday 28th February 2010
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HSBC .

gilla

19,741 posts

196 months

Tuesday 2nd March 2010
quotequote all
I can second the opinion that Barclays is crap... I've got a personal premier account with them and all I get is emails and other crap and a fee for the pleasure (ok free travel/gadget insurance and airport lounges etc as well)... where as my business account with HSBC have a premier desk in the local branch which sorts things out very quickly and efficiently and I rarely have to hold for the phones to be answered.

Soovy

35,829 posts

277 months

Tuesday 2nd March 2010
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Barclays Premier.


David A

3,648 posts

257 months

Tuesday 2nd March 2010
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gilla said:
I can second the opinion that Barclays is crap... I've got a personal premier account with them and all I get is emails and other crap and a fee for the pleasure (ok free travel/gadget insurance and airport lounges etc as well)... where as my business account with HSBC have a premier desk in the local branch which sorts things out very quickly and efficiently and I rarely have to hold for the phones to be answered.
Airport lounges - where's that info?????

anonymous-user

60 months

Tuesday 2nd March 2010
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Soovy said:
Barclays Premier.
How do you find them? Had friends working there but they said that it had just become a sales machine?

David A

3,648 posts

257 months

Tuesday 2nd March 2010
quotequote all
euroboy said:
David A said:
gilla said:
I can second the opinion that Barclays is crap... I've got a personal premier account with them and all I get is emails and other crap and a fee for the pleasure (ok free travel/gadget insurance and airport lounges etc as well)... where as my business account with HSBC have a premier desk in the local branch which sorts things out very quickly and efficiently and I rarely have to hold for the phones to be answered.
Airport lounges - where's that info?????
Its not all its cracked up to be - I have the same access with my AMEX and its only the generic lounges that it gets you in to (as part of the Priority Pass scheme), not the good 1st/business class lounges. Its still better than sitting by the gate, but its not worth getting a premier bank account purely for this IMO.

Plus, guests cost a tenner each.
Still interested - how do you get access by being a premier member (currently) or is it just premier life (didn't seem worth it for the extra ££)?


m4tt

591 posts

204 months

Tuesday 2nd March 2010
quotequote all
I don't think it matters massively, it's more who you deal with than the bank. I have clients that have followed me and I'm sure would in the future.

Whilst they are now the competition rather than my employer I would definitely recommend HSBC for their overall service, they have a very customer orientated approach and ethos of ownership when something goes wrong. The managers are also very heavily targeted at present for acquisitions so a very good time to approach them.

Barclays Wealth are meant to be very good but from personal experience their Premier/Premier Life service is as someone else mentioned very sales orientated rather than service.

bigburd

2,670 posts

206 months

Tuesday 2nd March 2010
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Barclays Premier (but I get it for half price) some of the insurances have worked well for me, annual travel with business cover, domestic emergency and RAC

Lounge service was mediocre

Gadget insurance - £500 limit

Have used the concierege service a couple of times but noticed this is now reduced to a max of 10 x per year (oh they did source a good discount on a new car for a friend)






gilla

19,741 posts

196 months

Wednesday 3rd March 2010
quotequote all
David A said:
euroboy said:
David A said:
gilla said:
I can second the opinion that Barclays is crap... I've got a personal premier account with them and all I get is emails and other crap and a fee for the pleasure (ok free travel/gadget insurance and airport lounges etc as well)... where as my business account with HSBC have a premier desk in the local branch which sorts things out very quickly and efficiently and I rarely have to hold for the phones to be answered.
Airport lounges - where's that info?????
Its not all its cracked up to be - I have the same access with my AMEX and its only the generic lounges that it gets you in to (as part of the Priority Pass scheme), not the good 1st/business class lounges. Its still better than sitting by the gate, but its not worth getting a premier bank account purely for this IMO.

Plus, guests cost a tenner each.
Still interested - how do you get access by being a premier member (currently) or is it just premier life (didn't seem worth it for the extra ££)?
It's just Premier Life I'm afraid - they call it Airport Angel... not used it yet as the b-stards sent the pack through a day after I left last time!!

audi321

5,443 posts

219 months

Wednesday 3rd March 2010
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RE the OPs original question. If you want a PERSONAL SERVICE/ADVICE/PROFESSIONALISM - Forget BARCLAYS PREMIER. This WAS excellent from them a few years ago, but died about 2 years ago when all they became interested in was selling you the account and useless features that come alongside it. You now deal with low graded staff rather than qualified people and they don't care unless you will buy home insurance and pathetic 'add ons' to their account.

HSBC everyday, you still have a reasonably highly qualified Manager who has authority in their job, rather than some young idiot who just wants to sell sell sell

Mattt

16,663 posts

224 months

Friday 5th March 2010
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Natwest used to be terrible for me, but I ended up with a decent account manager, she responds and actions my emails within minutes whenever I contact her.


spaceship

868 posts

181 months

Saturday 6th March 2010
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Stay away from Santander too. They are worse than useless. Unhelpful at branch, don't know their own products, offered no assistance, complaints team are quick to send letters of apology and gifts but still fail to sort out the issues.

If I wasn't on such a good deal i'd have closed the account by now! They almost had two more current accounts and two savings accounts from me and OH but they blew it big style.

Avoid!!!

Dave_ITR

835 posts

203 months

Tuesday 9th March 2010
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I can only echo the suggestions above for HSBC.

They have been great although I have not had any other premier account to compare this with.

blindswelledrat

25,257 posts

238 months

Tuesday 9th March 2010
quotequote all
Soovy said:
Barclays Premier.
I have this and it is crap.
I noticed that the service has gone downhill lately and discovered the reason for this at the weekend.
ANyone can now pay for a premiere account.
There is no criteria.
As a result the whole department is far larger and far less exclusively staffed.
All it is now is a normal account that you pay for and get a pretty black card.