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Hi
I’m thinking of signing up for the Barclays premier current account for the avios and upgrade voucher.I was just wondering from your experiences how much you need to have transferred into the account monthly? I ask because I’m self employed through my own company. I take out around £4k a month from the company, so this could be transferred into the account.
What is the minimum generally that you need to have placed into the account?
Thinking of swapping my current account fully over.
Thanks
It was £3,330 a month. I have been paying in £3400 a month for 1.5 years and not had any issues.
Think you need to have deposited over £40,000 in any 12 months, so can vary from month to month.
Someone last week on here mention there account was closed even though he was depositing in the required amount.
That’s great, thanks a lot.
What do you guys think of the account? Apart from the Avios deal/upgrade voucher, is it a good account/service?Someone last week on here mention there account was closed even though he was depositing in the required amount.
wasn’t his income below the limit but just sending money from another of his accounts and taking it straight back out?
I transfer in £4,000 from my main account each month around the 24th and on the 1st of the next one it usually fully move the whole lot to other places (mortgage, savings, etc.)
That’s great, thanks a lot.
What do you guys think of the account? Apart from the Avios deal/upgrade voucher, is it a good account/service?if you do boring stuff you should not have problems. Although I did the 100k avios deal when introduced and that was a right mess.
Since they allow avios people to have the rainy day account which gives you 5% on 5k savings it basically makes the account free for me (pre tax) plus avios and voucher.
Do you know much about the voucher, there are lots of complained about them but also some people who make good use of them. The fact that you can choose between 7k avios of voucher makes it worth something. Might be worth reading if you are not aware.
I have been using Barclays as my main account since I moved to the UK and it’s best banking app for my needs. I have done switching deals with other accounts so I have tried monzo, first direct, nationwide, Santander, rbs, tsb… I know a few… And I can say barclays app is better than those.
I didn’t qualify for any of the bonus offers because I already had premier. Premier in itself doesn’t offer too much. You can withdraw up £1000 a day (don’t use cash though), had higher limits when I had to transfer my deposit to buy a house otherwise would have needed to go to a branch and avios each month. There are other benefits but not really tempting for me like special mortgage offers and savings for premier that are OK.
I recommend them overall. I also had their barclaycard avios for a few months back in 2022 and had some issues though with the fee not being discounted cause I had both accounts but other than it’s fine. Also if you do subscribe to the avios package you can buy lounge passes for £18.50 which works well for me as I don’t have status.
The avios upgrade voucher is a bit of hit and miss for me as I want to usually use it for Brazil and it requires the maximum amount of avios and I don’t generate enough for a BA 241 and a Barclays Avios Upgrade voucher.
I just got an email from them advising on downgrade at 12 months but could deposit £40k so done that and right back out again then got another email advising I have it free for another 12 months
So the £75K income doesn’t matter and you can just manually move money in and then out?
You need to be careful with wording and expectations, as the requirements are clear. Having said that, Barclays don’t often require formal evidence of your income, their systems look at what flows through an account.
£75K gross income roughly equates to £45K net of income tax and national insurance, which is where the latter figure comes from. If that amount per year flows through the account the automated systems tend to be happy, it doesn’t matter whether or not it’s regular incoming payments or where from. If a human should get involved in a manual review for any reason then closer scrutiny is likely.
Also if you do subscribe to the avios package you can buy lounge passes for £18.50 which works well for me as I don’t have status.
You also get 4 free lounge passes through Dragonpass per year if you have the Barclaycard and Premier.
I got the dragon pass thing but it was not giving me the free vouchers, they were trying to charge me, not bothered as use BA lounges but still
I think I was the person who made the post about income requirements. I have the required income but don’t use it as my main account so transfer the money over by standing order and then back out the next day.
I received an email a couple of days ago saying my account would be downgraded in a couple of months if I didn’t meet their requirements.
I’ve not had a chance to change anything my side yet to sort it but still have time.
On the Barclays app there’s a section where you declare your salary (not sure if that’s used). I never had to send them any payslips but I do use it as my main account where my salary goes to.
Is it still the case with Barclays when you want to do a bank transfer you need a pin sentry device?
So the benefits really of the premier account is 18k Avios a year, and an upgrade voucher (or an extra 7k Avios) for £144 a year.
Plus if you get the Barclaycard BA Premium card you get £5 a month off the fee.
To have both and get the worth from 2 upgrade vouchers a year you’d need to really be earning a decent chunk of points a year then really.Do I understand it correctly? If more than £3330 goes in the account monthly, one qualifies for Barclays Premier?
My salary goes to a different account. If I manually (automated) move that much money to Barclays manually, would that qualify me? Or does it have to be direct deposit from my work?Do I understand it correctly? If more than £3330 goes in the account monthly, one qualifies for Barclays Premier?
My salary goes to a different account. If I manually (automated) move that much money to Barclays manually, would that qualify me? Or does it have to be direct deposit from my work?i don’t send my salary to the Barclays premier account but instead just transfer £4-5,000 a month. I leave it there a few days and then it goes somewhere else (mortgage, savings, etc.)
So far they have made no problems about this …
Is it still the case with Barclays when you want to do a bank transfer you need a pin sentry device?
No, you can use the phone app.
They do still have too many ways to log in (your card pin, your phone banking pin, your app pin, etc.)
thank you @yonasl
Do I understand it correctly? If more than £3330 goes in the account monthly, one qualifies for Barclays Premier?
My salary goes to a different account. If I manually (automated) move that much money to Barclays manually, would that qualify me? Or does it have to be direct deposit from my work?i don’t send my salary to the Barclays premier account but instead just transfer £4-5,000 a month. I leave it there a few days and then it goes somewhere else (mortgage, savings, etc.)
So far they have made no problems about this …
I manually transfer my salary in and then most of it goes straight out within a few minutes. As far as I’m concerned, the salary had to be paid in but I saw no requirement to keep it there!
Is it still the case with Barclays when you want to do a bank transfer you need a pin sentry device?
If it’s a new payee you’ll need some of your card details: expiry date and the three digits. You may need the pin sentry to login or transfer via the computer, but your app can also work like the pin sentry.
What did yall put as income on application who are sending 4.5k in/out? TIA
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