The world’s first ATM
Barclays Bank in Enfield, England, unveiled the world’s first ATM on June 27, 1967 — which means the ATM is now more than 50 years old! The historic machine allowed withdrawals of £10 at a time.
Barclays’ range of bank accounts consists of personal savings accounts and CDs. It also offers personal credit cards and loans. You won’t find any business bank accounts at Barclays, but it does have business credit cards.
Barclays Bank in Enfield, England, unveiled the world’s first ATM on June 27, 1967 — which means the ATM is now more than 50 years old! The historic machine allowed withdrawals of £10 at a time.
While big names like Wells Fargo, JP Morgan and Bank of America top out the list of the top 50 bank holding companies by deposits in the US, Barclays doesn’t make the cut.
In the UK, however, it’s a different story. While its offerings in the US are limited, Barclays is one of the largest financial institutions in the UK. In 2017, it reported over £66 billion in total equity and over £1 trillion in total assets.
On the Consumer Complaint Database, a whopping 3,515 complaints are about Barclays credit cards, while only 172 mention its personal savings products.
Like any other financial provider, an account with Barclays Bank has its fair share of perks and drawbacks. You’ll get mobile banking, no fees and high interest rates, but be prepared for limited transactions and no debit card or ATM access.
Get competitive rates on CD term lengths from 3 to 60 months. There are almost no fees, and the bank can help you set up a CD ladder for flexible access.
Get a high-interest rate with no maximum balance or monthly fees with a Barclays Online Savings Account.