Premier Banking
Our eligibility requirements
We're making some changes to Premier Banking.
Am I eligible for Premier Banking?
You’ll need to have a current account with us and either
• Pay in a gross annual income of at least £75,000
or
• Have a total balance of at least £100,000 in savings with us, eligible investments – or a mix of both. Eligible investments are Investment ISAs, SIPPs or General Investment Accounts held through Smart Investor or Barclays Investment Solutions Limited.
If your payments or balances drop below what you need to stay with Premier, we’ll let you know.
Here are some customer examples
Priya
Priya is self-employed and on average has a gross annual income of £85,000 a year.
What she pays into her current account varies – some months its £5,000, while others it’s closer to £3,000.
Although Priya doesn’t meet the requirements for Premier every month, the amount she’s paid in over the last 12 months on a rolling basis is over £40,000, so she's eligible for Premier Banking.
Tom
Tom earns a gross annual income of £45,000 that’s paid into his current account with us. He also has £200.000 that he’s invested through a Barclays Smart investor account.
Tom meets eligibility, as long as he has a total balance of at least £100,000 in savings with us, eligible investmensts – or in a mix of both.
Ben
Ben has a gross annual salary of £60,000. He pays a significant proportion of his income into a pension every month and purchases childcare vouchers and shares through his employer’s rewards programme.
As a result, his take home salary is £38,000 a year and £3170 a month is paid into his Premier current account. He has no savings or investments with us.
Ben doesn’t meet the eligibility requirements for Premier Banking.
Laura
Laura has a current account with us but doesn’t have a regular monthly income paid into this as she also banks elsewhere.
She has £70,000 in her Everyday Saver account. This doesn’t meet the Premier eligibility requirements of £100,000, so she transfers money from her other provider to bring her balance up to £100,000.
That means that Laura now meets eligibility for Premier Banking.
What happens if I don't meet the eligibility requirements?
If your payments or balances drop below what you need to stay with Premier, we’ll let you know.
You could qualify for Premier benefits by choosing to meet our requirements. Otherwise, after giving you notice we’ll move you to out of Premier Banking. If you have a Premier Current Account, we’ll move you to our Barclays Bank Account.
