Barclays launches new online banking service

Wed, 21 Jun 2006

Barclays has launched a new online banking service offering immediate access.

The service allows users to sign up and start using online banking straight away, by keying in their card number and date of birth.

In addition to online banking, savings accounts and overdraft facilities will be available to users.

Barnaby Davis, director of Barclays online banking, says, "The internet is a growing and important channel for consumers and we are one of the largest online banks with more than 4.3 million users.

"Our latest improvements demonstrate Barclays' determination to give customers an efficient service when banking online."

Customers who register for the online banking service will automatically be sent their full registration information through the post,

This will allow them to access the full site, where they will be able to conduct third-party transactions, including money transfers and bill payments.

The Internet is becoming an increasingly attractive media for financial service companies, following the lead of online banking.

Experts recently predicated that the rise in online insurance sales could have a negative impact on face-to-face sales, while Direct Line stated that online mortgages are set to boom in the near future.

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