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Barclays Bank Account Opening Guide: How to Open an Account Online with Barclays Bank UK?

Barclays Bank Barclays is the second largest bank in the UK. This article introduces the four popular accounts of Barclays, account opening requirements, process, fees and so on.

Barclays Bank Account Opening Guide: How to Open an Account Online with Barclays Bank UK?

Barclays Bank, the second largest bank in the UK with a history of over 300 years, is one of the world's leading financial service providers with over 4,750 branches in 55 countries worldwide, of which around 1,600 are located in the UK, offering 24/7 ATM services. 

Barclays Bank Account Types

Barclays Bank offers various deposit account types tailored to clients' financial values:

  • Barclays Bank Account: A standard current account suitable for everyday transactions and online banking services. There is no minimum deposit requirement, and it includes overdraft facilities and participation in the Barclays Blue Rewards cash reward program.
  • Premier Current Account: An advanced current account requiring a financial value of £100,000 or meeting specific income criteria. It offers preferential rates, 24/7 telephone banking services, and participation in Barclays Avios or Blue Rewards programs.
  • Everyday Saver: A standard savings account offering a 1.66% annual interest rate on the first £10,000, with daily interest calculations and monthly deposits. Includes access to an ATM card.
  • Rainy Day Saver: A high-interest savings account available exclusively to Barclays Blue Rewards members or Premier Banking clients. It offers a 5.12% annual interest rate on the first £5,000, with daily interest calculations and monthly deposits.

Barclays Bank Account Opening Conditions

Depending on the account type, the opening conditions are as follows:

  • Barclays Bank Account: Minimum age of 18 and residency in the UK.
  • Premier Current Account: Minimum age of 18, residency in the UK, annual income of £75,000, or total savings and investments with Barclays Bank amounting to £100,000.
  • Everyday Saver: Minimum age of 16 and residency in the UK.
  • Rainy Day Saver: Minimum age of 18, residency in the UK, and membership in Barclays Blue Rewards or Premier Banking.

Required Documents for Account Opening

During the account opening process, the following identification and address verification documents are required, with no repetition of the same document allowed:

  • Identification: Passport, UK/EU/EEA/Swiss driving license, Biometric Residence Permit (BRP/ARC), Welfare/Tax letters (within 12 months), etc.
  • Address Verification: UK/EU/EEA/Swiss driving license, Bank/Credit card statements (within 3 months), Utility bills (within 3 months), Employer's confirmation letter (within 3 months), Lease/Mortgage documents (within 12 months), Welfare/Tax letters (within 12 months), etc.

Barclays Bank Related Fees

Opening a Barclays Bank account does not require a minimum deposit, but certain services may incur fees, such as:

  • Foreign currency transactions using debit cards: 2.99%.
  • CHAPS transfers at branches: £25.

Additionally, international remittance charges at Barclays Bank are as follows:

  • International inward remittance (over £100): £6.
  • Online international remittances: Free of charge.
  • Branch/telephone international remittances: £25, calculated based on Barclays Bank's exchange rates, which may include profit margins. Additional fees may be imposed by overseas agent banks and receiving banks.

Barclays Bank Account Opening Process

  1. Account Selection: Visit the Barclays Bank official website to browse different account types and their features. Depending on personal needs and financial status, select a suitable account type such as current accounts, advanced current accounts, or specific savings accounts.
  2. Online Application: Click the "Apply in the app" or "Apply online" button on the webpage, and complete the account opening application form. The form requires basic information, employment details, income details, etc.
  3. Identity Verification: Complete the online identity verification process, usually by uploading valid identification documents and a selfie to confirm the applicant's identity.
  4. Approval and Account Opening: After submitting the application, await approval from Barclays Bank. Once approved, customers will receive detailed account information, including details for debit cards and PIN issuance.
  5. Receipt of Account Details: Debit cards and PINs are typically delivered to the customer's provided address within 5 working days after successful application.

In conclusion, Barclays Bank offers a wide range of account options and financial services tailored to various client needs and financial situations. With clear account opening conditions and processes, customers can conveniently choose the account type that suits them and enjoy professional financial services from Barclays Bank.

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

Directory
Barclays Bank Account Types
Barclays Bank Account Opening Conditions
Required Documents for Account Opening
Barclays Bank Related Fees
Barclays Bank Account Opening Process