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HomeBank of England Reviews
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Bank of England Reviews

1.5483870967741935 out of 5 stars
1.5483870967741935 out of 5 stars
1.5
|Poor|31 reviews

Last reviewed 8 months ago

TrustScore

1.5
1.5483870967741935 out of 5 stars
Poor
5 out of 5 stars
2
4 out of 5 stars
0
3 out of 5 stars
1
2 out of 5 stars
7
1 out of 5 stars
21
31 reviews in total

Review summary

The Bank of England receives overwhelmingly negative feedback from consumers, with many expressing dissatisfaction regarding its handling of interest rates and overall economic management. Reviewers frequently criticize the bank's leadership, describing it as reactive and disconnected from the realities faced by struggling families. Complaints about rising interest rates and perceived greed are common, with some calling for a change in leadership. However, there are a few positive remarks, particularly regarding satisfaction with loan conditions, where customers appreciate clear terms and helpful staff. Additionally, some consumers express approval of the new £20 polymer note, noting its modern design. Despite these isolated positives, the majority sentiment reflects deep frustration and disappointment with the bank's current policies and performance.

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Based on reviews, created with AI

See what reviewers are saying

Devinder Malhan
Devinder MalhanFeatured

8 months ago

1 out of 5 stars

GREED

Well let's do the maths . Bailey will loose all his hair before he can fix anything with interest rates . GREED .that's his policies

M J
M JFeatured

8 months ago

2 out of 5 stars

Needing Bank of England clarification please

re Which old £1 notes can/cannot be exchanged at my Metro Bank branch? At 81yrs old I'm still targeted by [MANY known to me] both address-and-name ID multi-fraudsters - ever since 2002. But not havin... See more

Harry Evans
Harry EvansFeatured

8 months ago

5 out of 5 stars

Very satisfied with my loan conditions

Very satisfied with my loan conditions I was completely satisfied with the terms of my loan — everything was clear, fair, and processed smoothly. The staff were helpful and transparent throughout. De... See more

Eboni
EboniFeatured

Over a year ago

1 out of 5 stars

Monitor your chief Sandie small Duberry

Monitor your chief Sandie small Duberry

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Devinder Malhan
Devinder Malhan
1 reviews•New Reviewer
Featured
8 months ago
1 out of 5 stars

GREED

Well let's do the maths . Bailey will loose all his hair before he can fix anything with interest rates . GREED .that's his policies

Helpful?
M J
M J
1 reviews•New Reviewer
Featured
9 months ago
2 out of 5 stars

Needing Bank of England clarification please

re Which old £1 notes can/cannot be exchanged at my Metro Bank branch? At 81yrs old I'm still targeted by [MANY known to me] both address-and-name ID multi-fraudsters - ever since 2002. But not having enough savings to tackle them in Court I've lost several thousands of pounds sterling within a life blighted by those trying to gain ownership of my home. Even Thames Water "experts" are still either ?criminal and/or under their appalling influence ever since 2005-06. This week my current account [since 2018] "I'M THE MANAGER" person at Wimbledon's Metro Bank branch firmly informed me that his bank was NOT able to exchange two old £1 notes for eg a modern £5 note if I also added three modern £1 coins to them too... His ONLY explanation for being unable to help being that the notes' serial numbers [ET67 246495 and Y26H 153134] were "NOT ON THE LIST" as being possible to accept at Metro Bank... Having been with this branch since December 2018 I had only just found the £1 notes amongst my daughter's belongings. And I explained she had died [26yrs old] in Sept.2002. And in this criminally-affected century for me, I did not wish to waste any penny; as my son's and my home is now being regularly damaged too. PLEASE CAN YOU TELL ME what your current rules are re [my only current account] Metro Bank with regard to exchanging bank notes which DO NOT LOOK LIKE FAKES AT ALL TO ME? I had always understood that there could be no problem with this. Yet the self-proclaimed "MANAGER" had also said to me I must: "CONTACT THE BANK OF ENGLAND"!!! from MJ [Mrs M J Tirimo London SW18 Wed.02/07/2025]

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Harry Evans
Harry Evans
1 reviews•New Reviewer
Featured
9 months ago
5 out of 5 stars

Very satisfied with my loan conditions

Very satisfied with my loan conditions I was completely satisfied with the terms of my loan — everything was clear, fair, and processed smoothly. The staff were helpful and transparent throughout. Definitely a bank I would recommend.

Helpful?
Eboni
Eboni
1 reviews•New Reviewer
Featured
about 1 year ago
1 out of 5 stars

Monitor your chief Sandie small Duberry

Monitor your chief Sandie small Duberry

Helpful?
Martin Colling
Martin Colling
1 reviews•New Reviewer
over 1 year ago
1 out of 5 stars

If these lads said it was raining…

If these lads said it was raining outside, I'd have to go out and check.

Helpful?
Tanveer Ahmed
Tanveer Ahmed
1 reviews•New Reviewer
over 1 year ago
1 out of 5 stars

The fat cat ate all the pies.intrest…

The fat cat ate all the pies.intrest rates going up again. You the governor is a fat pig.needs to be kiked out of his job you fat slob

Helpful?
Jacob Owen
Jacob Owen
1 reviews•New Reviewer
over 1 year ago
2 out of 5 stars

Communication problems are incredible!

Communication problems are incredible! i could not believe it could happen to the biggest bank. managers just can't communicate politely

Helpful?

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Craig Bayley
Craig Bayley
1 reviews•New Reviewer
almost 2 years ago
1 out of 5 stars

Worst leaders of a central bank since…

Worst leaders of a central bank since carney and that is saying something. To think these are in charge of our economy is frightening "led by donkeys".

Helpful?
P1
P1
1 reviews•New Reviewer
about 2 years ago
1 out of 5 stars

Thieves

Thieves. Interest hikes to fill their own pockets.

Helpful?
Joe B.
Joe B.
1 reviews•New Reviewer
about 2 years ago
1 out of 5 stars

Worst experience I’ve ever had

Worst experience I’ve ever had. Everything was fine in the beginning. Of course, everybody has integrity when things are going fine. The night before my closing literally 10 hours before I was supposed to sign the paper I got a call from them saying I may not be able to sign on that day because of a mistake they made. Mind you, at this point everything was already packed up and I was sleeping in a hotel room. This was on a Friday and they said I wouldn’t be able to get in until Monday. I ended up signing at about 5 o’clock on Friday instead of 9 in the morning. A week before that, the insurance company that they told me to use decided they weren’t going to insure me so I had a week to find insurance. Luckily, my realtor came through with a company. About a month after signing my paperwork, I received a call from my insurance company stating that the Bank of England did not pay my insurance and it was going to be canceled. They requested payment three times and was denied. After calling Nick, one of the people that work there, his response to me was maybe the check got lost in the mail. And that the insurance company didn’t call him directly so it wasn’t his fault. My insurance was about to be canceled because they didn’t pay it and it wasn’t their fault? Later got a call from the area manager, Daniel, who stated it was corporate’s fault and not their fault. I guarantee you if my house would’ve burnt down and I had no insurance Bank of England would still wanted their money. That’s how these people operate. No integrity, accountability, or responsibility. I would not recommend them to anybody . Go with a bigger mortgage company that actually knows how to operate and does business right. Not just out to take money and then forget about you. Very sad situation.

Helpful?
Michael Lawrence
Michael Lawrence
1 reviews•New Reviewer
over 2 years ago
1 out of 5 stars

Chimpanzee trash

Pure trash! What more can be said about this institution?! Does it understand money or the economy any more then a chimpanzee would quantum mechanics?, probably not!

Helpful?
Williams
Williams
1 reviews•New Reviewer
over 2 years ago
1 out of 5 stars

Please bring back Mark Carney

The Bank of England has lost its way. It doesn't understand inflation, has no idea of how to forecast it effectively, or how to deal with it. It is reactive, not proactive. There doesn't seem to be any thought leadership from the Bank of England. It is so out of touch that it was dismissing inflation as a short term blip when even members of the public could see that it was becoming an embedded economic problem. The current governor, Andrew Bailey, is like a rabbit in the headlights. His rambling announcements on interest rates show a lack of aptitude for his position. His appointment to Governor of the Bank of England was off the back of 4 years at the helm of the Financial Conduct Authority where he presided over the banks policing themselves through various banking scandals, whilst seemingly holding none of them to account. What sort of qualification is that for the Governor of the Bank of England? Please bring back Mark Carney, or appoint somebody of his calibre, who has the intellectual bandwidth and integrity to step up to the challenges of leading this key financial institution

Helpful?
Ed Cooper
Ed Cooper
1 reviews•New Reviewer
over 2 years ago
1 out of 5 stars

Implementing cbdc so they can implement…

Bank of England has been taken over by the world economic forum Implementing cbdc so they can implement social credit score clearly breaking the magna carta 39 and 40 treason against the UK people go check GB news cash is the only legal tender bank of England has become the communist run and is unfit for purposes welcome to the start of communist Nazis government and banking

Helpful?
Christopher Stevens
Christopher Stevens
1 reviews•New Reviewer
over 2 years ago
1 out of 5 stars

CONCENTRATION OF POWER

This institution is designed to protect the interests of the few over the many. By allowing inequities in effect of interest rate rises or falls, the discrepancy between lending banks having the immediate announcement of such taking effect to lenders yet the savings rates take longer to apply. It has two policies to deal with the economy: Print money known as Quantitative Easing & either increase or reduce base rates. That's it. They are atrocious in answering questions about their remit and this serves to stop questioning an authority which has weakened constitutional and democratic processes by being allowed to affect monetary policy without answer to the electorate. They are allegedly independent after all.....Really? Absolute rubbish

Helpful?
keith stokes
keith stokes
1 reviews•New Reviewer
over 2 years ago
1 out of 5 stars

Interest rates

Cannot believe the rubbish that the Politicians and B of E speak. A) The standing charges for Electric and Gas have almost double in a few years but have not come down. Who put them up ??? B) It’s taken months for the Power companies to reduce their prices and energy has been falling for 6 months. C) I do not notice the price rises everybody keeps talking about because I shop frugally. The only reason the B of E is raising rates is to compete with the USA

Helpful?
martin hill
martin hill
1 reviews•New Reviewer
over 2 years ago
1 out of 5 stars

Interest rates rise again what a joke…

Interest rates rise again what a joke sack them all need to get in the real world and start helping struggling families as it doesn't affect them on big salaries

Helpful?
Anthony S
Anthony S
1 reviews•New Reviewer
almost 3 years ago
2 out of 5 stars

Feedback loop of disaster

No other idea how to show my anger. BoE increases rates to drive down demand and thus inflation, but they miss the point that the inflation is driven by increased food and energy costs, and food is only increasing due to fuel increasing (even though wholesale value dropped). So their plan won't work, and if we get to a point, people can't afford to eat or heat their homes... the BoE will then complain they have to boost the economy because consumers' confidence in in the dirty... because people have no money. But it's Likely as rates go up, and we don't address the true issue (which requires government intervention) people will strike and demand higher pay as the cost of living crisis will get worse which drives inflation which drives rate increases.... and so on and so forth. The BoE should be pushing for government intervention to sort out the cause of the current economic issues.

Helpful?
Peter Williams
Peter Williams
1 reviews•New Reviewer
over 3 years ago
1 out of 5 stars

BRING DOWN THE INTEREST RATES NOW !

BRING DOWN THE INTEREST RATES NOW ! Your policy of 'Increasing rates' just does not work. This outdated policy of yours is making home owener ship impossible for young people and difficult to hold for the older ones, more people edging towards homelessness. Spending is suppose to help grow economy but your policy is killing it. It like the old school Medicine, bleed the flipin patient to death in the name of bad blood. If you want to reduce inflation, work with the Govt. and STOP wars and financing of it, start serious world class Infra projects, not just building a pfi building but serious engineering projects like New Reservoirs, airports, Alternate Energy generation, warehouses, Abolish BUSINESS RATES for properties less than 250K rateable value etc.. Stimulate but not KILL. People are getting fed up of you guys inflating everything in the name of a war especially BoE interest rates. Wonder who benefits from this. Should this continue, I fear the common people will be on the roads starting off a revolution against BoE, Govt etc.. who are suppose to protect and help prosper the same very common man.

Helpful?
Mark Day
Mark Day
1 reviews•New Reviewer
over 3 years ago
1 out of 5 stars

Savings Rates

Why are you raising interest rates and not forcing banks to increase savings rates?!

Helpful?
NN
NN
1 reviews•New Reviewer
over 3 years ago
2 out of 5 stars

It is not very eco-friendly that you…

It is not very eco-friendly that you have to go all of the way to the Bank of England to change any old £20 or £50 notes. There are virtually no places at Post Offices in the South East of England that will accept them, and even then, you can only change a max of £300 a year if you have ID. Overall, really disappointed in the Bank of England.

Helpful?
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About Bank of England

The Bank of England (BoE) serves as the United Kingdom's central bank, playing a vital role in the nation's financial landscape. Its primary mission is to maintain monetary and financial stability, which is essential for the economic well-being of individuals and businesses across the UK. The BoE implements monetary policy by setting the Bank Rate, influencing inflation rates, and overseeing the stability of the financial system. Customers of the Bank of England include government entities, financial institutions, and the general public, all of whom are impacted by the bank's decisions and policies. The bank provides essential services such as issuing currency, managing foreign reserves, and serving as a lender of last resort to banks. By fostering a stable economic environment, the Bank of England supports financial transactions, investment, and overall economic growth in the UK.

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