11matters on the record across its booking centres, 2014 to 2025
2.5/589 UHNW client ratings across its booking centres
The editor's opinion
Why Barclays rates 1.3 out of 5
Barclays rates 1.3 out of 5. The figure combines the ratings of its five rated booking centres (the United Kingdom, two stars; Guernsey, one star; the Isle of Man, one star; Jersey, one star; Monaco, one star), each weighted by the number of UHNW client ratings it has received, so a centre where more families bank counts for more. The United Kingdom is the strongest at two stars; Guernsey, the Isle of Man, Jersey and Monaco are the weakest at one star. Its booking entities carry 11 matters on the record, the most recent in 2025; each is listed below with the centre it concerns. Across its booking centres, 89 UHNW client ratings average 2.5 out of 5. Switzerland is still being rated and does not count yet.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. Each booking centre is rated on its own file, from the public record and what clients and their advisers tell us in confidence. The overall rating brings those ratings together; retail products, branches and apps play no part.
Where Barclays stands out
Remediation of past findings has been verified by the regulator. United Kingdom, Guernsey, Isle of Man, Jersey and Monaco
Custody assets are protected by statute in the booking centre, with conditions a family should read. United Kingdom and Switzerland
Deposits are covered by a statutory protection scheme. United Kingdom, Switzerland, Guernsey and Jersey
A full range of private banking services is published for this booking unit. United Kingdom
Ownership and control are fully public. All centres
No final adverse finding against this licence holder in ten years of regulatory and court records. Switzerland
No politically exposed person holds a significant stake. Switzerland, Guernsey, Isle of Man, Jersey and Monaco
Custody assets are segregated by statute and sit outside the bank's own estate. Jersey
The custody terms are public and address most of what a family needs to know. Monaco
What to weigh
One matter is still open with the authorities and not decided. It carries no weight in the rating until it is decided. United Kingdom, Guernsey, Isle of Man, Jersey and Monaco
Serious adverse findings against this licence holder in the last ten years. United Kingdom, Guernsey, Isle of Man, Jersey and Monaco
The same kind of failure has recurred. United Kingdom, Guernsey, Isle of Man, Jersey and Monaco
The last adverse finding is recent. United Kingdom, Guernsey, Isle of Man, Jersey and Monaco
The custody terms are public but silent on re-use of assets and on sub-custodians. United Kingdom, Guernsey and Isle of Man
Only a summary of the custody terms is public. Switzerland
Services available from this centre are not published. Switzerland
Pricing is not public. Switzerland
Rules for third-party payments are not published. Switzerland
This file does not yet show how custody assets are ring-fenced by law in this centre. Guernsey, Isle of Man and Monaco
Almost no private banking services are published for this booking unit. Jersey
Custody terms are not published; ask for the agreement before opening an account. Jersey
Few private banking services are published for this booking unit. Monaco
United Kingdom · Barclays Bank PLC26 client ratings · 31% of the weight
Guernsey · Barclays Bank PLC, Guernsey Branch15 client ratings · 18% of the weight
Isle of Man · Barclays Bank PLC, Isle of Man Branch19 client ratings · 22% of the weight
Jersey · Barclays Bank PLC, Jersey Branch12 client ratings · 14% of the weight
Monaco · Barclays Bank PLC, Monaco branch13 client ratings · 15% of the weight
Switzerland · Barclays Bank (Suisse) SARating in preparation · not countedPending
PPLI.com rating, weighted across the centres1.3
Each booking centre keeps its own rating, set on its own file. The overall rating is the average of those ratings, weighted by the number of UHNW client ratings each centre has received. A centre whose rating is still in preparation is shown but not counted.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
The booking centres
Barclays in 6 booking centres
Each booking centre is a separate legal entity, with its own licence, deposit protection, services and fees, and keeps its own PPLI.com rating. Everything on file for them is brought together on this page; open a centre for its own file.
What regulators, prosecutors and courts have decided against the booking entities of Barclays, gathered from the files of all its booking centres, with the status, the amounts as published and a link to the original document. Each entry names the centre it concerns. Claims and investigations still under way are marked as open.
20255 December 2025
Claim that banks and trustees breached fiduciary duties and assisted the looting of a family trust
According to a Comsure report of 8 December 2025, Tanya Dick-Stock and Darrin Stock sued Barclays Bank PLC, its Jersey sister company Barclays Trust International, HSBC and Zedra entities in the US District Court for the District of Colorado on 5 December 2025, claiming USD 12 billion over a trust of about USD 350 million. The case is open and no ruling has been reported.
Final notice: inadequate management of money laundering risk for corporate banking customer Stunt & Co (Fowler Oldfield funds)
The FCA fined Barclays Bank PLC GBP 39,314,700 (reduced from GBP 56,163,900 for early settlement) for breaching Principle 2 by failing to manage money laundering risk in its corporate banking relationship with Stunt & Co, which received GBP 46.8 million from Fowler Oldfield in just over a year; the FCA 2025 fines page dates the breach period 2015 to 2021. A separate GBP 3,093,600 fine on the same day for the WealthTek client money account concerned Barclays Bank UK PLC, a different entity, and should not be attributed to Barclays Bank PLC.
Barclays Bank PLC was fined £39,314,700, reduced from £56,163,900 following early settlement.
Barclays continues a significant remediation programme to strengthen its anti-money laundering controls (FCA press release).
Final notice: reckless failure to disclose advisory agreement with Qatar Holding LLC in the October 2008 capital raising prospectuses
The FCA found that Barclays Bank plc breached Listing Rule 1.3.3R because its October 2008 capital raising prospectuses did not disclose a GBP 280 million advisory agreement with Qatar Holding LLC and the fees under it, and that the breach was committed recklessly; it imposed GBP 10 million on Barclays Bank plc and GBP 30 million on Barclays PLC (GBP 40 million in total, reduced from the GBP 50 million intended in the 2022 decision notices). Barclays denied wrongdoing and recklessness, referred the matter to the Upper Tribunal and withdrew the reference on 22 November 2024 following settlement discussions.
The Authority has therefore decided to impose a financial penalty of £10 million.
Order for reporting more than five million swap transactions incorrectly or late
The US Commodity Futures Trading Commission found that from 2018 through 2023 Barclays Bank PLC, as a registered swap dealer, reported more than five million swap transactions incorrectly or late, including duplicate identifiers, wrong economic terms and inaccurate time stamps. It ordered the bank to pay a USD 4 million civil monetary penalty.
Settled charges for selling securities beyond the amounts registered, with no system to track sales
The US Securities and Exchange Commission found that Barclays Bank PLC sold about USD 17.7 billion of securities in unregistered transactions because it had no system to track sales against the amounts it had registered. The bank and its parent Barclays PLC paid a USD 200 million civil penalty without admitting or denying the findings, and the bank's disgorgement of USD 149,731,011 plus USD 11,463,229 in interest was deemed satisfied by its offer of rescission to buyers.
Final notice: oversight failings in the relationship with collapsed payments firm Premier FX
The FCA fined Barclays Bank Plc GBP 783,800 for failing to act with due skill, care and diligence as sole UK banker to Premier FX, whose actual business did not match what Barclays expected and whose internal controls were weak. Barclays agreed a voluntary payment of GBP 10,076,943.75 so that the 167 Premier FX customers with accepted claims recovered 100%.
The Financial Conduct Authority has fined Barclays Bank Plc (Barclays) £783,800
Voluntary payment of GBP 10,076,943.75 to Premier FX customers.
Final notice: unfair treatment of consumer credit customers in financial difficulty
The FCA fined the three Barclays entities GBP 26 million jointly for failing to treat consumer credit customers in financial difficulty fairly between April 2014 and December 2018 (30% discount from GBP 37,223,500). Barclays had paid over GBP 273 million in redress to at least 1,530,000 customer accounts since 2017. The penalty is joint; it cannot be attributed to Barclays Bank PLC alone, and the conduct was in retail and consumer credit, not private banking.
has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26 million
Redress programme of over GBP 273 million, close to completion at the date of the notice.
Final notice: poor handling of financial crime risks in a GBP 1.88 billion transaction for ultra-high net worth politically exposed clients
The FCA fined Barclays Bank PLC GBP 72,069,400 for failing to minimise the risk that it might be used to facilitate financial crime in a GBP 1.88 billion transaction arranged and executed in 2011 and 2012 for a number of ultra-high net worth clients who were politically exposed persons. The sum comprised disgorgement of GBP 52.3 million of revenue plus a GBP 19,769,400 penalty after a 30% stage 1 discount. This is the Barclays Bank PLC matter most directly relevant to private clients; the press release does not name the business unit.
The fine comprises disgorgement of £52.3 million, which is the amount of revenue
Final notice: failings in G10 spot FX trading business controls (Principle 3)
The FCA imposed a penalty of GBP 284,432,000 on Barclays Bank Plc for failing to control business practices in its FX business in London between 1 January 2008 and 15 October 2013. Barclays settled at stage two and received a 20% discount; without it the penalty would have been GBP 355,540,000. The FCA worked with the US CFTC, Federal Reserve Bank of New York, NYDFS and the US Department of Justice, which imposed their own penalties on the same day (amounts not stated on the FCA page); they are not included in this figure.
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays)
Final notice: failure to protect GBP 16.5 billion of safe custody assets (CASS)
The FCA fined Barclays Bank Plc GBP 37,745,000 for failing to properly protect clients' safe custody assets worth GBP 16.5 billion in its Investment Banking Division between November 2007 and January 2012. A 30% early settlement discount applied; without it the penalty would have been GBP 53,921,619. The failings were in the investment bank, not the private bank.
Barclays Bank Plc (Barclays) has today been fined £37,745,000 by the Financial Conduct Authority (FCA)
Final notice: conflicts of interest and systems and controls failings in the London Gold Fixing
The FCA fined Barclays Bank PLC GBP 26,033,500 for failing to manage conflicts of interest between itself and its customers and for systems and controls failings in relation to the London Gold Fixing between 2004 and 2013; a trader was separately fined and banned. Recorded from the FCA 2014 fines list.
Barclays Bank PLC | 23/05/2014 | £26,033,500 | Conflicts of interest and systems and controls failings in the London Gold Fixing
Matters concerning other entities in the group (2)
202523 July 2025
Ban and fine on the former group chief executive over misleading statements to the FCA about Epstein
On 23 July 2025 the UK Financial Conduct Authority fined James Edward Staley, former chief executive of Barclays plc, the holding company of this bank's group, GBP 1,107,306.92 and banned him from senior management functions for recklessly approving a 2019 letter from Barclays to the regulator that contained misleading statements about his relationship with Jeffrey Epstein. The Upper Tribunal upheld the prohibition and the misconduct finding and reduced the penalty from GBP 1,812,000.
Shown for context only: the decision concerns James Edward Staley, former chief executive of Barclays plc, not Barclays Bank (Suisse) SA, and does not count towards the rating of the booking centre or of the group.
Penalty for failing to keep staff business messages sent on personal devices
The SEC found that Barclays Capital Inc., the US broker-dealer and a sister company of the bank, was among 16 firms that failed to preserve business communications sent on personal devices from January 2018 to September 2021. Barclays Capital Inc. agreed to a USD 125 million penalty and admitted the facts set out in its order.
Shown for context only: the decision concerns Barclays Capital Inc, not Barclays Bank PLC, Jersey Branch, and does not count towards the rating of the booking centre or of the group.
What clients meet at Barclays across its booking centres, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
UHNW client ratings
2.5 out of 5, based on 89 client ratings across its booking centres.
United Kingdom2.1 out of 526 ratings
Switzerland1.7 out of 54 ratings
Guernsey2.2 out of 515 ratings
Isle of Man2.1 out of 519 ratings
Jersey3.7 out of 512 ratings
Monaco3.1 out of 513 ratings
What clients report
United Kingdom. The client-money matter of 2025 sits with the sister company Barclays Bank UK PLC, which the FCA fined GBP 3,093,600 on 14 July 2025 for opening a client money account for WealthTek in January 2021 although the FCA register showed WealthTek was barred from holding client money. On the same date the bank itself was fined GBP 39,314,700 over its handling of money laundering risk for one corporate customer.
Switzerland. No court decision in a claim brought by a client against the bank has been published. No press report concerns onboarding, pricing or complaint handling at the bank.
Guernsey. The one client-side court case is the suit filed on 5 December 2025 in the US District Court for the District of Colorado by Tanya Dick-Stock and Darrin Stock, who claim USD 12 billion from the bank, a Jersey Barclays trust company and others over a family trust of about USD 350 million. The case is undecided and no ruling has been reported.
Isle of Man. The Isle of Man Financial Services Ombudsman Scheme does not publish decisions by firm, so no complaints figures exist for Barclays Bank PLC, Isle of Man Branch, and the branch has no Trustpilot profile. Local press reported the closure of the Castletown branch on 9 February 2024 and of the Ramsey branch on 11 April 2025, with customers directed to Douglas and to digital channels.
Jersey. Neither the Channel Islands Financial Ombudsman nor any complaints register publishes figures for Barclays Bank PLC, Jersey Branch on its own. One client claim is open. On 5 December 2025 Tanya Dick-Stock and Darrin Stock sued the bank, the Jersey sister company Barclays Trust International (Jersey), HSBC and Zedra entities and others in the US District Court for the District of Colorado (case 1:25-cv-03923). They claim USD 12 billion, alleging breach of trust and dishonest assistance in the looting of a Colorado trust of about USD 350 million that was moved to Jersey. No ruling has been reported, and the claim is known so far from a Comsure report of 8 December 2025.
Monaco. The regulatory record of the legal entity in recent years concerns UK and US conduct, financial crime controls and reporting rather than service to Monaco clients.
Worth raising with the bank
United Kingdom. Ask whether the money laundering controls criticised in the FCA notice of July 2025 on a corporate customer also govern private bank onboarding, and what the bank changed afterwards.
United Kingdom. Ask how the bank checks the FCA permissions of investment firms whose client money accounts it holds, after the WealthTek fine on Barclays Bank UK PLC in July 2025.
Guernsey. Ask what role, if any, the bank or other Barclays companies played for the trust at the centre of the Colorado suit filed in December 2025, and whether any Channel Islands accounts or trust services are affected.
Isle of Man. Ask how client assets held through the Isle of Man branch are segregated and reconciled, given the FCA final notice of September 2014 on the failure to protect GBP 16.5 billion of safe custody assets.
Isle of Man. Ask which services remain available in person on the island after the Castletown and Ramsey closures of 2024 and 2025, and from where the relationship is serviced.
Jersey. Ask how the bank is defending the USD 12 billion Colorado trust suit filed on 5 December 2025, and whether other trusts administered by Barclays Trust International (Jersey) are named or affected.
Jersey. Ask what the bank changed in customer due diligence after the FCA fine of July 2025 over money laundering risk for a corporate banking customer, and whether the changes apply in Jersey.
Monaco. Ask how client assets held through the Monaco branch are segregated and in whose name they are held, given the FCA's 2014 finding that the bank failed to protect GBP 16.5 billion of safe custody assets.
Monaco. Ask what due diligence now applies to politically exposed clients and large transactions, given the FCA's 2015 final notice on a GBP 1.88 billion transaction for ultra-high net worth politically exposed clients.
Financial standing
Credit ratings published by the agencies for the companies named in the centre files, dated by the latest agency or bank document that confirms them
Barclays Private Bank International confirmed Olivier Franceschelli as chief executive of its Monaco operation, a role he had held on an interim basis since September 2025.
John Shipman, formerly interim chief executive of HSBC's Swiss private bank, became chief executive of Barclays Bank (Suisse) SA with FINMA approval, and that Rahim Daya moved to a group sales role.
Comsure reported a USD 12 billion suit filed in Colorado against Barclays Bank PLC, Barclays Trust International (Jersey) and HSBC entities over a trust moved to Jersey.
The Upper Tribunal upheld the FCA's ban and GBP 1.1 million fine on Jes Staley, former group chief executive of Barclays, over his statements concerning Jeffrey Epstein.
Manx News reported that Barclays would close its Parliament Street branch in Ramsey on 11 April 2025, after cutting its opening hours to two days a week, and named the Victoria Street branch in Douglas as the closest alternative.
Isle of Man Today reported that Barclays would close its Castletown branch on 9 February 2024 after a review of client visits, leaving the town with no bank counter.
finews.com reported the appointment of Rahim Daya as chief executive in Geneva, partly succeeding Gerald Mathieu.
What it costs
What Barclays charges, centre by centre
Fees are set by each booking entity, so they are shown centre by centre. Four of the six centres of Barclays publish a fee schedule, read on 6 November 2026 from the documents linked under each table. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and a bank can change its schedule at any time.
The published fees side by side
Fee
United Kingdom
Guernsey
Isle of Man
Jersey
Other banks
Account maintenanceper year
USD 0 a year
USD 0 a year
USD 0 a year
USD 0 a year
USD 1,324 a yearaverage of 26 other banks
Outgoing international transferper transfer, standard
USD 0
USD 39
USD 39
USD 39
USD 58average of 61 other banks
Each fee is rated against the average of the other banks that publish it: five stars is the lowest, one star the highest. The schedules, their dates and what each leaves out are listed centre by centre below.
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, currency conversion, minimum annual fee, transfer of securities to another bank, closing the account, lombard loan margin.
Switzerland · Barclays Bank (Suisse) SACentre file
Pricing not published
The fee document for this booking centre is being read and will be added in the next edition.
Guernsey · Barclays Bank PLC, Guernsey BranchCentre file
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, currency conversion, minimum annual fee, transfer of securities to another bank, closing the account, lombard loan margin.
Isle of Man · Barclays Bank PLC, Isle of Man BranchCentre file
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, currency conversion, minimum annual fee, transfer of securities to another bank, closing the account, lombard loan margin.
Jersey · Barclays Bank PLC, Jersey BranchCentre file
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, third party fund subscription, currency conversion, minimum annual fee, transfer of securities to another bank, closing the account, lombard loan margin.
Monaco · Barclays Bank PLC, Monaco branchCentre file
Pricing not published
No fee schedule is published for this booking centre.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
The bank at a glance
Identity, protection and services
Ownership
Group parentBarclays PLC (listed, LSE (also NYSE ADRs)) Source
ControlWidely held; no shareholder with 10% or more Source (April 2026)
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Booking entities
United KingdomBarclays Bank PLCPRA (authorisation and prudential) and FCA (conduct) · Locally incorporated subsidiary · LEI G5GSEF7VJP5I7OUK5573Licence: UK bank authorised to accept deposits (Financial Services Register No. 122702); non ring-fenced bank of the Barclays Group Source
GuernseyBarclays Bank PLC, Guernsey BranchGuernsey Financial Services Commission (GFSC); licence holder authorised by the UK PRA and regulated by the FCA and PRA · Branch of Barclays Bank PLCLicence: GFSC reference 10: Banking licensee (Banking Supervision Law, 2020, section 6 deposit taking); Investment licensee (promotion, subscription, dealing, advising; custody for general securities only); Credit Provider (consumer credit and home finance); registered Money Service Provider (money services business, money broking, money changing) Source
Isle of ManBarclays Bank PLC, Isle of Man BranchIsle of Man Financial Services Authority (IOMFSA); licence holder authorised by the UK PRA and regulated by the FCA and PRA · Branch of Barclays Bank PLCLicence: Not published
JerseyBarclays Bank PLC, Jersey BranchJersey Financial Services Commission (JFSC); licence holder Barclays Bank PLC authorised by the PRA and regulated by the FCA and PRA · Branch of Barclays Bank PLC · LEI G5GSEF7VJP5I7OUK5573Licence: JFSC Banking DC0076; Investment Business IB0209 (A dealing, B managing, C advice); Fund Services Business FSB2190 (distributor); General Insurance Mediation GIMB0207; Money Service Business MSB0107 (notified) Source
MonacoBarclays Bank PLC, Monaco branchACPR (banking, credit and prudential supervision of the branch); CCAF (investment services); AMSF (AML/CFT). Licence holder Barclays Bank PLC is authorised by the UK PRA and regulated by the FCA and PRA. · Branch of Barclays Bank PLCLicence: Branch of a UK credit institution authorised in Monaco; FGDR member (CIB 12448, 'Barclays bank plc Monaco') Source
Offered at one or more booking centresOffered by the group, not confirmed at a centreNot located, which does not mean unavailable Checked on the bank's own pages for each centre.
Access and costs
Minimum relationshipUnited Kingdom: GBP 3 million Source Switzerland: GBP 5 million Source Guernsey: GBP 5 million Source Isle of Man: GBP 100,000 Source Jersey: GBP 5 million Source Monaco: GBP 5 million Source
US personsUnited Kingdom: Not published Switzerland: Not published Guernsey: Not published Isle of Man: Not published Jersey: Not published Monaco: Not published
Fee scheduleUnited Kingdom: Published, March 2024 (cover); item ref IBIM0210_PB June 2024 SourceCompared below Switzerland:Not published Guernsey: Published, March 2024 (footer reference June 2024) SourceCompared below Isle of Man: Published, March 2024 (item ref IBIM0210_PB, June 2024) SourceCompared below Jersey: Published, March 2024 (footer reference June 2024) SourceCompared below Monaco:Not published
Third party paymentsUnited Kingdom: Not published Switzerland: Not published Guernsey: Not published Isle of Man: Not published Jersey: Not published Monaco: Published Source
Transfer out termsUnited Kingdom: Not published Switzerland: Not published Guernsey: Not published Isle of Man: Not published Jersey: Not published Monaco: Published Source
Protection of client assets
Deposit protectionUnited Kingdom: UK incorporated banks are FSCS members: GBP 120,000 per eligible person per bank since 1 December 2025, up to GBP 1.4 million for temporary high balances. Switzerland: All banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap. Guernsey: Banks licensed in Guernsey, including branches, participate in the Guernsey Banking Deposit Compensation Scheme: GBP 50,000 per qualifying depositor per bank, with a GBP 100 million cap in any five years. Isle of Man and Monaco: Not published Jersey: Jersey Depositors Compensation Scheme: GBP 50,000 per eligible depositor per Jersey banking group, payment aimed within seven working days; the GBP 100 million total cap was removed on 1 April 2026.
Custody lawUnited Kingdom: Custody assets and client money are protected under the FCA Client Assets Sourcebook (CASS 6 and CASS 7, statutory trust for client money), made under the Financial Services and Markets Act 2000. Consent rules for use of custody assets sit in CASS, which is regulatory rule text rather than primary statute. Switzerland: Swiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h. Guernsey, Isle of Man and Monaco: Not published Jersey: Investment Business (Client Assets) (Jersey) Order 2001: client property must be segregated and held on trust, and art. 22 allows a firm to lend client property only with the client's written consent. It applies to banks registered for investment business.
Custody termsUnited Kingdom, Guernsey and Isle of Man: Published Source Switzerland and Jersey: Not published Monaco: Published Source
Before opening an account
Moving the portfolio. Ask the bank to review a sample list of your holdings and identify which it could transfer in specie. Request a written schedule of exit charges, including charges levied by any sub-custodian. United Kingdom, Guernsey, Isle of Man and Monaco
Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held. United Kingdom and Switzerland
International payments. The fee comparison shows USD 0 for a standard outgoing transfer. Ask whether intermediary charges and FX spreads are billed separately for the currencies you use. See published fees. United Kingdom, Guernsey, Isle of Man and Jersey
Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien. Switzerland and Jersey
Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market. Switzerland
Working with your adviser. The external-manager capability is documented at group level. Ask which entity would sign the mandate, whether your manager can trade directly, and which instructions must come from you. Guernsey, Jersey and Monaco
Relationship minimum. The published figure cited above is GBP 100,000. Ask whether it applies to the proposed mandate and whether assets in related accounts, entities or currencies count toward it. Isle of Man
Written pricing. Ask for a quote that covers the account you would actually open, including fees charged by third parties and the cost of moving assets out. Monaco
Your experience
Rate Barclays
If you bank with Barclays in any of its booking centres, or advise clients who do, your experience forms part of its PPLI.com rating. Please say which centre you deal with. Every response is read by the editor and treated in strict confidence.
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting the reference of the booking centre concerned: United Kingdom BK-GB-BARCLAYS-PRIVATE-D49B66; Switzerland BK-CH-BARCLAYS-SUISSE-9F41A6; Guernsey BK-GG-BARCLAYS-GUERNSEY-73CC65; Isle of Man BK-IM-BARCLAYS-IOM-F98A27; Jersey BK-JE-BARCLAYS-JERSEY-E487E2; Monaco BK-MC-BARCLAYS-MONACO-52A4AD.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Barclays, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
Brought together by the PPLI.com research desk from the files of its booking centres and the public sources listed. The rating is our editorial opinion; read how the overall rating is built.
Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026Methodology 2.4Overall rating weighted by UHNW client ratings
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