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Barclays i bank: A Review

Barclays PLC, popularly known as ‘Barclays Bank’, is a world leading banking and financial services company. This article will give a review of the bank and particularly its Internet banking service for businesses and personal customers, sometimes known as ‘I bank’.

History of the brand and services today

History The bank can trace its origins back to 1690 when John Freame and Thomas Gould started trading as goldsmith bankers in Lombard Street in what is now known as the City of London. In 1728, the business moved to 54 Lombard Street, identified as the ‘Sign of black Spread Eagle’. This image has become a core part of the band’s identity, indeed, forming its current logo The name Barclays became connected with the business when Freame’s son-in-law, James Barclay, became a partner in the business eight years later. Barclays Bank PLC The main branch of the Barclays company’s operation is Barclays Bank PLC. This is the UK retail clearing bank. The side of the business dealing with individuals’ accounts, loans, isas, banking account, bank loans and such like. Barclays’ online banking service is most associated to this division of the brand.

Online services

Barclays online services Barclays Internet banking services, sometimes referred to as ‘I bank’, offers any Barclays customer the chance to keep track of this finances around the clock from ‘the comfort of his own home or the convenience of work’, as described on the Barclays website. Like all other major commercial banks, due the prevalence of nefarious hackers, Barclays employs highly sophisticated security systems to ensure that its customers’ money is safe when banking online.
Managing money online A common reason people bank online is so that they can check how many much they have at any given time, how much they are spending, how much they have coming in and from where. Barclays still offers the traditional telephone banking service, which Internet banking has largely replaced. However, it also now offers banking services on certain mobile phones. In all these services, Barclays is continually working to offer more sophisticated ways of viewing and managing money. Other online banking options Along with managing money, using such bank saving accounts, the customer can pay bills and transfer money between accounts or to friends/businesses. There is also a variety of other options such as upgrading one’s account, applying for insurance and applying for overdrafts. It is an efficient way of banking online, although some customers complain about general stinginess and poor customer service.

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