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To start charging £20 per month unless:
• A gross annual income of £75,000 or more paid into your current account with us – equivalent to at least £3,330 paid into your account each month, or £40,000 in the previous 12 months, or
• A minimum of £100,000 in savings with us and/or in personal Barclays UK investmentsThis has always been the eligibility criteria but never enforced. They sent me a document a few months ago stating the changes would apply from September and this morning they sent me an email confirming that I am eligible for the waiver (I only applied when I met the criteria). So I think they never really checked the income/savings before.
I read about the change from free to monthly fee few months ago but never personally received a letter or comms about it. Today however I received an email confirming my eligibility to continue to have Premier for Free (thanks)…
- This reply was modified 55 years, 4 months ago by .
Interestingly as well, £3300 per month after tax equates to around £54,200 before tax which is £20,000 off the “eligible” income
Interestingly as well, £3300 per month after tax equates to around £54,200 before tax which is £20,000 off the “eligible” income
When the letters were first sent out months ago there was recognition apparently that large pension contributions are a possibility thus the lower net payment requirement.
Consider that this is only a requirement for not paying the fee, you would still need to demonstrate eligibility at the £75k gross earning level to have the account in the first place
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