current least worst bank?

current least worst bank?

Author
Discussion

shirt

Original Poster:

22,508 posts

200 months

Tuesday 7th July 2015
quotequote all
used to be a happy barclays customer, now an irate adib one after they bought barclays' retail banking arm. looking to move to A N other ASAP.

i bank with barclays in the uk but i am willing to change that if required. i was tempted to move to HSBC for global options but willing to hear alternatives.


IanUAE

2,927 posts

163 months

Wednesday 8th July 2015
quotequote all
I bank with NBAD and Citibank here and never had a problem.

shirt

Original Poster:

22,508 posts

200 months

Wednesday 8th July 2015
quotequote all
who do you bank with in the uk/globally?

advantage of barclays used to be free money transfers to the uk at a decent exchange rate.

i could use an offshore, uae and uk account with the same bank so i can move money around easily. a credit card with decent perks would be handy as work are abolishing corporate cards.

yorky500

1,715 posts

190 months

Wednesday 8th July 2015
quotequote all
I have been with HSBC in the UAE for over 10 years and in all honesty I have never had a single problem (that i can think of). I also have HSBC accounts in UK, HK and Aus so the global transfer thing is awesome for for me.

I am however now looking for an Offshore Bank Account.

Paracetamol

4,225 posts

243 months

Wednesday 8th July 2015
quotequote all
HSBC are tw&t$. avoid them. Its a bank that is sinking more and more and continues to cut staff and service levels and also lending.its in a self perpetuating failure mode that will see it die as a consumer brand within 5 years..

IanUAE

2,927 posts

163 months

Thursday 9th July 2015
quotequote all
I bank with RBS in the UK. Citibank credit card with skywards miles means I can go to the Bathurst 1000 on my skywards miles this year.

James72911

189 posts

196 months

Sunday 12th July 2015
quotequote all
I would recommend HSBC. Yes they are still likely to have their issues, but they strong financially, they have the global reach, with internet banking that works and talks to each other.

Grindout

16 posts

104 months

Sunday 12th July 2015
quotequote all
Paracetamol said:
HSBC are tw&t$. avoid them. Its a bank that is sinking more and more and continues to cut staff and service levels and also lending.its in a self perpetuating failure mode that will see it die as a consumer brand within 5 years..
I've heard some bad things, but didn't know they were going down the tubes that quickly.

h_____

684 posts

223 months

Monday 13th July 2015
quotequote all
They are all much of a muchness.....we use HSBC, with accounts in UAE and in Jersey. Works well for moving money offshore, Their FX is sometimes pretty good, otherwise we use an FX broker for anything serious. Their premier service isn't bad, we've had no issues. Money takes longer to clear here in the UAE than a local bank. But the global piece is pretty good.


Fats25

6,260 posts

228 months

Monday 13th July 2015
quotequote all
[quote=h_]They are all much of a muchness.....we use HSBC, with accounts in UAE and in Jersey. Works well for moving money offshore.

[/quote]

Silly question i'm sure. But why move to offshore? More attractive rates and options for savings I can see. Your future pension perhaps that you cannot contribute to here?

If you intend on heading back to UK at some point - will it not make it harder to bring back in one lump from Jersey, rather than moving it across now direct to UK. Just curious really in how this works for you - as I am sure you must have thought it through.


TomV8

387 posts

206 months

Wednesday 15th July 2015
quotequote all
For local stuff I've found Emirates NBD to be fine - the credit cards are alright as well, giving access to Marhaba lounges and the ability to rack up a decent amount of points to spend in loads of places. They do an skywards miles card too.