BARCLAYS

BARCLAYS Information

BARCLAYS traces its ancestry back to two goldsmith bankers who started doing business in London in 1690. The company is a reputable bank with comprehensive financial services and branches all over the world. Their services include personal banking, business banking, investment bank, corporate banking, US consumer bank, private bank, international bank and wealth management, etc.

For business banking services, the bank offers guaranteed protection of up to £85,000 by the FSCS if the bank goes out of business.

Not only does the bank have a long history, but also a strong regulatory background: it's decently regulated by SFC (Securities and Futures Commission of Hong Kong).

Pros and Cons

Is BARCLAYS Legit?

BARCLAYS is officially regulated by SFC (Securities and Futures Commission of Hong Kong) with licenses numbering at AAC257.

Regulated Country	Regulator	Regulatory Status	Regulated Entity	License Type	License Number
	SFC	Regulated	Barclays Capital Asia Limited	Dealing in futures contracts	AAC257

Services

Barclays provides a wide range of banking and financial services across key sector to global clients, these include:

• Personal Banking: Offers current accounts, credit cards, savings, loans, mortgages, insurance, and investments, with exclusive app-based perks.

• Business Banking: Supports startups and established firms with fee-free accounts, growth planning, international trade, and expert guidance.

• Corporate Banking: Provides corporate lending, liquidity management, trade solutions, and digital platforms like Barclays iPortal.

• Private Banking: Tailored wealth management, including personalized investments, lending, and banking solutions for high-net-worth clients.
• International Banking: Multi-currency accounts, savings, mortgages, and bespoke investment services for seamless global banking.

• Wealth Management: Comprehensive wealth planning, investment products, and borrowing options to meet financial objectives.

• US Consumer Bank: Features credit cards, personal loans, and high-yield savings, including the AAdvantage® Aviator® Red World Elite Mastercard®.

Account Type

Barclays offers current accounts, savings accounts, and cash ISAs, allowing customers to manage their money, save, and invest in a tax-efficient manner.

1. Current AccountsBarclays provides a range of current accounts to meet everyday banking needs. Customers can benefit from tools such as debit cards, online access, mobile payments, and overdraft options. They can also subscribe to the Blue Rewards program for added perks.
2. Savings AccountsThese accounts allow customers to save for rainy days or future financial goals. Barclays provides instant-access savings and specialized savings products with competitive rates, including options for Rainy Day Saver, Everyday Saver, and Blue Rewards Saver.
3. Cash ISAsBarclays offers Cash ISAs to help customers save in a tax-efficient way. Customers can earn tax-free interest on savings up to the ISA allowance (£20,000 annually). Options include Instant Cash ISA, Reward ISA, and Fixed-rate Cash ISAs, depending on savings goals and needs.

Fees

Barclays accounts come with varying fees depending on account type and the features selected:

Interest Rates

Barclays offers a range of savings products with competitive interest rates. Rates depend on savings amount, account type, and whether savings are withdrawn monthly: