They don't, there's no business incentive to reward someone who has already been with you. The point is to acquire new customers and increase the amount of money coming in. It's like advertising, McDonald's doesn't advertise to the fat bastard who eats there every day anyway, they advertise to the people who'd otherwise walk past but then see "oooh there's a such and such thing I might be interested in" and then they go in. Statistically speaking if you've had your account with one bank for 5 years you haven't moved around to get better deals on savings accounts or credit cards and therefore you likely won't move this time either, the only sensible move from the bank is to milk those people for as much as possible and use some of that to try and acquire the sort of people who do move around for the better offers.
Yes. I've used Barclays for 10+ years and incentives like this make me want to leave them. What's the point of staying with a bank if new customers are rewarded and existing ones get nothing.
@@ol2510 then leave, do it. Complaining doesn't get you anything. There's no value for them in people who are staying anyway. There's only value in acquiring new customers which is why they do this. If you're complaining about them doing it why not take advantage of all the other offers that other banks are doing? If you know these offers exist then why not use them? Who told you there was a point to staying with the bank? THE BANK did because they profit from you staying with them... switch your brain on fella. You're not entitled to a reward for providing no benefit to the bank, you got duped, deal with it and move on.
@@tinyweegiant4045 I'm still having trouble with this, the Barclays Banking App is only showing Register there is no "New Customer" option I have deleted the app several times
I ditched my Barclays account a few months ago to get CO-OP account reward. Tempted to take advantage of this Barclays switch. I've never done a switching deal with Barclays before.
@@vkdrk That's a good question. Best tornado Andy. But I think he says in the video as long as you don't currently have a Barclays account and as long as you have never done a switch deal with them before. Nothing about length of time.
Annoying paid £800 into my new Barclays account to get the £175 switching deal but app won't let me take it back out from the account it came from. Said ive got ti wait 4 days for them to prepare the app for my security. Never happened with any other banks
Because a standing order is just a bank transfer to another account. The point is they're wanting you to be switching your real bank account which means you'd likely have at least two direct debits which are harder to set up. It's not there to help you...
Wouldn't let me choose the basic bank account after putting salary information in, only premier and if i wanted basic needed to go in branch. Offer says specifically on the app so this is actually extremely frustrating as not sure if application got to a credit check. Nowhere does it say anything about this
@@Asad-yc8kvblue rewards I assume. It’s a hassle and us switchers are a very niche kind of lazy. Don’t mind setting up mindless DD but give us an extra monthly details, nah.
what does it mean by switchign two direct debits? does it mean that i switch with two old different current banks like rbs and natwest to the one barclays account.
It means you need to switch your old account over to Barclays , the old account gets closed. The 2 direct debits need to be active on your old account before the switch.
That’s annoying, I opened a Barclays account just yesterday… I can only hope that because it was a Sunday it doesn’t become official until today!
Banks need to start rewarding customers who have had an account with them >5 years.
They don't, there's no business incentive to reward someone who has already been with you.
The point is to acquire new customers and increase the amount of money coming in.
It's like advertising, McDonald's doesn't advertise to the fat bastard who eats there every day anyway, they advertise to the people who'd otherwise walk past but then see "oooh there's a such and such thing I might be interested in" and then they go in.
Statistically speaking if you've had your account with one bank for 5 years you haven't moved around to get better deals on savings accounts or credit cards and therefore you likely won't move this time either, the only sensible move from the bank is to milk those people for as much as possible and use some of that to try and acquire the sort of people who do move around for the better offers.
Yes. I've used Barclays for 10+ years and incentives like this make me want to leave them. What's the point of staying with a bank if new customers are rewarded and existing ones get nothing.
@@ol2510 then leave, do it. Complaining doesn't get you anything.
There's no value for them in people who are staying anyway. There's only value in acquiring new customers which is why they do this.
If you're complaining about them doing it why not take advantage of all the other offers that other banks are doing? If you know these offers exist then why not use them?
Who told you there was a point to staying with the bank? THE BANK did because they profit from you staying with them... switch your brain on fella. You're not entitled to a reward for providing no benefit to the bank, you got duped, deal with it and move on.
Why?
@@ol2510 Yup, I'll switch my account to Barclays, get the £175 and then switch again as soon as possible to the next bank 😊😊
Cannot be done.
You need to do this via barclays app, yet it's impossible to register for the app unless you already have an account
Reading comprehension isn't your strong suit is it? 😂
Deleted app. Installed app again. Working now. First time there was no new customer option, so if you don't get that, delete app and start again
@@tinyweegiant4045 I'm still having trouble with this, the Barclays Banking App is only showing Register there is no "New Customer" option I have deleted the app several times
Andy, why has eBay broken up with Nectar???
And Amex.
I ditched my Barclays account a few months ago to get CO-OP account reward.
Tempted to take advantage of this Barclays switch.
I've never done a switching deal with Barclays before.
Don't you have to wait something like 12 months (or longer) for them to see you as a new customer?
@@vkdrk That's a good question. Best tornado Andy.
But I think he says in the video as long as you don't currently have a Barclays account and as long as you have never done a switch deal with them before.
Nothing about length of time.
Annoying paid £800 into my new Barclays account to get the £175 switching deal but app won't let me take it back out from the account it came from. Said ive got ti wait 4 days for them to prepare the app for my security. Never happened with any other banks
Hey were able to transfer it ?
Hey were able to transfer it ?how long did it take
Got turned down without letting me know why. I have opened up many accounts in the last 15 months without problems.
The direct debits thing frustrates me. Why can't standing orders be accepted?
Because a standing order is just a bank transfer to another account. The point is they're wanting you to be switching your real bank account which means you'd likely have at least two direct debits which are harder to set up.
It's not there to help you...
But first direct accept standing orders @esmeecampbell7396
Can I pay in £800 in smaller amounts over the month, every month. Instead of £800 in one go? Thanks
Yes you can
This is impossible because you cant register on the app without already having a barclays account.
Reading comprehension isn't your strong suit is it? 😂
Can i put in £800 and take it out straight away? Or do i have to keep it there for a certain amount of time
Would you recommend taking advantage of the Lloyds or Barclays switch deal? Which one is more likely to be offered again in the future?
Wouldn't let me choose the basic bank account after putting salary information in, only premier and if i wanted basic needed to go in branch. Offer says specifically on the app so this is actually extremely frustrating as not sure if application got to a credit check. Nowhere does it say anything about this
To register the app you have to have an account. How can i open one in the app if I can't register? Its the chicken & the egg
Yeah I thought this, don’t click register for the app but the button underneath and it let’s you open an account via the app.
@Jeffhill-e4m
I had same thing. Delete app then install it again. There should be a new customer option beneath the register option
Would it be quicker to go through the Premier route? Would it still be necessary to me to do switch the direct debits?
Pass
why?
@@Asad-yc8kvblue rewards I assume. It’s a hassle and us switchers are a very niche kind of lazy.
Don’t mind setting up mindless DD but give us an extra monthly details, nah.
@@Asad-yc8kvprobably the £5 a month blue rewards but if you’re getting it back for 800 in and 2 direct debits cancels it out so not to bad
@@matissemoretti8451tsk they're making it harder for us 😒
I opened a bank account, but Barclays didn’t pass me in Every day account.. so they opened a basic account… will I receive £175?
Why use apple pay when it's not free?
800 pounds in one go and does it have to stay in the account
Can we switch from monzo to avail this offer?
Cant pay £800 in to my Barclays can people help
How long does the Apple TV Plus last? eg 3 months? 12 months?
Only till August you'll have to pay fiver after that
When can you put the 800 in I did it already but in your order it’s near enough after full switch is done ?
is the Apple TV subscription really free for lifetime ?
I have opened Premier Account, do I have to join Blue Rewards for switch offer??
True
Hi Andy, where to get help if I didn't receive bonus for switching and done all as required. Thanks
@@baidarius which bank?
Santander
And now trying to open account on barclays app and when it's all done says swipe up and disappeared app when open they ask again to register
And now trying to open account on barclays app and when it's all done says swipe up and disappeared app when open they ask again to register
@@baidarius ask Santander customer services when they’re open. Ask to speak to a human to skip the robot chat.
Can someone tell me where the current account application is on the app I can’t see it anywhere ?
Do we have to select the blue rewards?
Can i get the £175 and then swich to a new bank account ?
Does it matter if you switch current accounts every few years? Any impact on credit scores etc? Tempted by the free cash on offer...
it will affects your credit score
Can we transfer Monzo and Starling bank accounts to get £175? Thank you
Yes you can if you don’t want to keep them as your every day bank account
Will standing orders work or does it have to be a direct debit? I thought you couldn't set up a direct debit to another one of your own accounts?
Just direct debits. It sucks!
If I currently only have a joint account with Barclays, can I switch my own account and be eligible for bonus?
No
@@doriangray6985 shame 😞
Ffs new customers only
That would be me 😂😂😂
what does it mean by switchign two direct debits? does it mean that i switch with two old different current banks like rbs and natwest to the one barclays account.
It means you need to switch your old account over to Barclays , the old account gets closed. The 2 direct debits need to be active on your old account before the switch.
@@rachanajage1917 what’s good direct debits I could do now