Barclays Bank Delaware Reviews (35)
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Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anything else from the list.
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All the good reviews on this site are planted by the bank. This is the worst. It used to be good and the transfer speed is good. Still they lower their rates below anyone else and do it without the notice that everyone else gives. Terribly upsetting to check my account monthly and see the rates falling. The constant credit card cross selling is annoying. Love Jet Blue but dealing with Barclays in really bad.
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I've been a customer for 5 years+. I was very happy for most of that time. Unlike my experiences with Synchrony and Ally beforehand, withdrawals to my accounts with BoA/Merrill were instant. I hadn't withdrawn for a while until I saw the rate had fallen all the way to 1.70% so decided to make a withdrawal, and it took 3 days. 3 days! I will find a better bank now.
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I have been a customer for many years. I don't mind the falling rates, but the service has really become poor over the last few months. I see much better rates on BestCashCow and DepositAccounts near me in Fairbanks, Alaska. Bad service and low rates? I am switching bank to giving my business to banks and credit unions servicing my community instead of this.
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Easiest client friendly web site I've found. Adding beneficiaries simple and a welcome bonus. Confirmation of identity search at startup was a hassle but finally solved with assistance of a knowledgable person on phone solved; their inexperienced phone reps are a wealth of misinformation. Savings rate lower than some competitors but maintained thus far; CD rates dropped. Overall a part of my stable of banks until they prove otherwise. Looking at yield ladder I surmised rates aren't "come ons" doomed to drop like a stone post maturity.
Looking to add more if rates improve. Recommended highly thus far. -
I recognized the name so I opened an account here about a month ago. Already have an account with Goldman Sachs from earlier and one with Purepoint. I like to keep my money with impenetrable established banks (Purepoint's parent owns about 35% of Morgan Stanley and it is a reputable Japanese banks). I thought Barclays fit the bill but the service is awful and the website is dated. I will be closing this account and trying my hand with one of the others.
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I have been with these guys for a while. I used to love to instant transfers from my Chase account. Now, my transfers set up on Thursday night don't land where they are going until Tuesday morning. Barclays clearly decided to make money on the float so I will float over to Purepoint which doesn't.
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Applied for savings account. Denied - said they were unable to verify identity. Asked for a copy of SS card, Drivers License and either a bank statement or utility bill. Too much trouble so I opened an account at Ally. Ally did ask me to lift my freeze on my credit for a few hours so they could verify identity. That was much easier than the hoops Barclays wanted me to jump through. So in my case it was easier to open a savings account at Ally than Barclays
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I have had savings accounts with barclays for years. I'm glad they did away with the dream account which had too many rules, and wish they would create a checking account. the biggest issue I have is that there is no iphone app available. Sure, it may take a day or 2 to get transfers credited, but its no slower than my capital one account. What's a day or 2 in the long run?
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I have been having deposits with Barclays for some time now, earning a nice interest rate and felt it to be quite good until recently. I checked for the third quarter report of earnings and Capitalization, only to find out they as they state are not required to do so. I am also quite concerned to learn they do not make loans to Consumers, for homes etc. This money is being loaned out on invitation only to finance things I simply do not agree with, such as for example the Dakota access pipeline, and such projects. This is alarming to lear this Bank does not lend for home loans etc to Consumers. To be unable to look at their financial coindition Quarterly is so absolutely not right. I therefore do not feel I can support this institution any longer with my deposits.
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I am surprised that the reviews are universally so good. Sure the website is slick. Sure the rate is nice. But, I set up a large immediate transfer on Thursday. Received confirmation that the money would be there on Friday. It was drawn from my Chase account on Friday. Then, Memorial Day weekend. Then, I receive email from Barclays on Tuesday that they have taken the money. Log in and see that my account is only credited on Tuesday. Not acceptable! They had the money for the long weekend and need to give me credit.
jB | May 30, 2017
yes, Barclays is a master at that. Move over to Goldman Sachs or Ally to avoid these type of consumer rip offs.
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These guys have upped their game, at least with the online website. It is now very clear, straightforward, no gimmicks. The best I have found.
Roger | Jul 28, 2016
Frank, Barclays is average at best. Saying they have upped their game because the website is now user friendly is like saying Trump is not mentally ill because he acted normally, once.
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I have been a very happy customer of Barclays for their online savings product since they launched 4 years ago. I bought a 5 year CD too when the rate was at 2.25%, but it is no longer. The 1.25% rate isn't exciting, but I am glad to see that they became competitive at this duration, and I will probably buy a CD here too.
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I just locked in at 2.05% and it was easy. I appreciate the fact that the rate was higher a couple of months ago, but it may be a long time before we see a risk free rate north of 2% with only a 6 month penalty to get out. Hillary and Obama have instructed Yellin to freeze.
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Barclays 5-year CD product is especially attractive because it has no minimums and only a 6 month penalty if you need your money back sooner. The website has been dramatically improved and is very easy to use. That having been said, the rate until recently was 2.25% and I am not sure I would be a buyer at 2.05%. Under any case, with a penalty that is only 6 months, you will outperform the best cash rates even if you were to hold for only a year. If rates go up or if you need your money, you get out then. Therefore, I have used this account for money that I don't want to risk in the market or in bonds and that I know that I won't need for 1 year and may not need for longer.
LenaL
May 2, 2022 |