Cater Allen Private Bank

UK Financial Chat
462

One Topic I will never regret making

How is everyone Cater Allen cards?? :rofl:

image

466

We demand to see!

1 Like
467

I want to hear some feedback about using it for day to day banking

Surely a salary payment doesn’t show a day delayed?

469

I can confirm that a salary payment took a while to come in.

1 Like
470

I like the idea of one day using an account like that where I don’t need to check owt :sunglasses:

472

How long :thinking:

474

Took me around 12 hours after it was originally sent.

475

Surprised that’s the case for BACS!

478

I received an invoice today listing a Cater Allen account for payment - think that may be the first time I’ve seen it in the wild.

1 Like
480

Shocked to see a Cater Allen Topic to be honest.

I have worked with them for a few clients at work who bank with them and they can be a real pain to work with sometimes. There systems are impossibly slow and you can be stuck on the phone with them for ages just trying to do something simple.

Last time back in Jersey I looked into Cater Allen personal accounts they had a minimum balance of something like £100K or maybe even more. But looks like that’s gone now.

Part of me would consider an account with them but having worked with them. It’s a no from me!

1 Like
481

There was a period where a load of the card collectors on the forum opened Cater Allen (among other faux private banks) accounts for the cards as they have little/no requirements.

1 Like
482

Oh wow!

Wish I was here for that. In my experience looking into private banks and things they seem to be very strict on requirements and ensuring you deposit a lot of money.

1 Like
484

Indeed. I think if you were after the card for your collection then fair enough. It in itself didn’t make you ant richer….

1 Like
485

It wasn’t hidden when I joined in 2020 or thereabouts - you just had the option to choose your ‘home’ branch, and if you picked Fleet Street (at the time, I think it was actually my closest RBS branch) then the account was opened with Child & Co branding. As you say the form remained hidden for a little while after but is now long gone.

486

Do they just allocate you to one of the central branches now?

487

When I opened my current NatWest account a few months ago I got Peterborough (my local branch and a pretty splendid building)

IMG_6774
IMG_67741179×1114 393 KB

3 Likes
488

Interesting. So Drummond is still, in principle, possible. Just quote a home or work address where it’s the closest branch? Used to work just round the corner from it.

489

Is Drummonds actually still a active bank though?

490

Yes. Apparently so.

They do offer private banking services within their actual branch.

Similar setup to Child and Co. You’d either have a standard RBS select account if you applied via the online form.

Alternatively, if you applied in branch and qualified their criteria (which as far as I know is undisclosed) you’d receive private banking services.

They used to provide a different sort code for people who applied via the online form and recieved standard RBS services, opposed to those who qualified.

National Lottery used to open an account there for people who won the UK Lottery.

The only way now to apply for an account is to visit the branch and schedule a meeting with a Banker to discuss your needs etc.

491

bit tricky now - the branch closed in 2022.