Barclays Tech Pack: Is it worth it?
- Incentive
- £150 switch offer. T&Cs apply.
- Account fee
- £17.5 per month
- Interest (AER)
- 0% AER
- Overseas card transactions
- 2.99%
- Representative example
- If you use an arranged overdraft of £1,200, you'll be charged interest at 35% EAR variable. Account fee of £17.5 per month.
Our verdict
If you already hold a Barclays current account and you have a lot of gadgets in your household, paying £17.50 a month for Barclays’ Tech Pack might seem worth it - particularly if your family is prone to damaging their devices or travels regularly.
However, forking out £210 a year isn’t cheap. So before signing up, it’s sensible to compare the fee to the cost of buying standalone cover for all your devices as this may work out to be more cost-effective. Some standalone policies may also cover gadgets against loss, which the Tech Pack does not.
Alternatively, it could be worth comparing packaged bank accounts as some of these have similar, if not lower, monthly fees and come with gadget insurance as well as a range of other perks, such as travel insurance.
Pros
-
Easy to add to your existing Barclays current account
-
Covers up to 4 phones and unlimited gadgets
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Worldwide cover against theft, damage and breakdown
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Make a claim in the app 24/7
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Accounts are FSCS protected
Cons
-
Monthly fee is fairly high
-
Could work out cheaper to buy standalone cover
-
Gadgets are not protected against loss
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You must sign up for at least 6 months
Details
Product overview
| Incentive | £150 switch offer. T&Cs apply. |
| Provider | Barclays |
| Account fee | £17.5 per month |
| Interest (AER) | 0% AER |
| ATM withdrawal limit | £300 |
| Debit network | Visa |
| Minimum eligibility age | 18 |
| Direct debits | |
| Current account switch guarantee | |
| Cheque Book |
Fees
| Currency conversion withdrawal for overseas cash withdrawal in Europe (EEA) | 2.99% |
| Currency conversion withdrawal for overseas cash withdrawal in non-Europe (EEA) | 2.99 |
Overdraft information
| Arranged overdraft available | |
| Arranged overdraft rate | 35% |
| Representative example | If you use an arranged overdraft of £1,200, you'll be charged interest at 35% EAR variable. Account fee of £17.5 per month. |
What is Barclays Tech Pack?
Barclays Tech Pack is an optional add-on that can be included with your Barclays current account in return for a monthly fee. As it’s an insurance package, it covers items such as tablets, smartwatches, wireless headphones and portable gaming systems against theft and accidental damage.
How does it work?
To apply for Barclays Tech Pack you must already hold a current account with Barclays. You can then add the Tech Pack through online banking. Note you must sign up for at least 6 months.
Once added, you’ll have cover for up to 4 phones and unlimited gadgets:
Each device needs to have been bought for a maximum price of £2,000
Technicians can travel to repair your devices at home, work or wherever you are
Your phone and gadgets are covered worldwide against theft, accidental damage and breakdown, with phones also covered against loss
You can make a claim in the app 24/7
Cover can apply to you, your partner and children under the age of 23.
Frequently asked questions
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