Nosy question about banks making home visits.

[ChocolateFace]

I'm not talking about a bog standard financial adviser, I mean a financial adviser from a high street bank coming for a cup of tea and going through your finances with you.

I've never heard of this before, but my mother is delighted to entertain her man from the bank. This isn't the first home visit, and a very large bunch of lilies were sent when my Dad died.

What I'm curious to know is; how much money I would need to save get this special treatment?

Differing criteria from bank to bank... They'll come to you when you fall into their category...

Is it Barclays? They are on a drive atm to help older customers. .. they must see money in doing so in my cynical opinion...

Yes, it's Barclays!

It probably is the retired who have the most money, so I can understand their thinking.

It's not necessarily helpful, it's to sell them their often terrible value investment products.

I would make sure she gets INDEPENDENT advice before signing up to anything. At least have a look on the investments section of moneysavingexpert.

Instinctively, this sounds like a bad idea. I've heard stories where older people in poor health have been sold long term high risk products that are totally unsuitable for example. The last few years should clearly demonstrate that you should NEVER trust anything said by 'the nice man from the bank'.

Alternatively, I've heard that they are starting to do this where the customer has an interest only mortgage with no apparent plan to pay it off.

It's the same with everything, my grandma died about a year ago and i think my grandad is quite lonely. He's changed satellite and energy providers twice already in that time.

Ohhhhhhhhhhhhhhh dear ...sounds a very bad idea to me -how much money/assets does your Mother have??It may seem like interfering but she must have some familymember with her on the bank visits.An independent Adviser is better but in any circumstance be really careful here.