Carnet Bank Gurantee - Barclays - My Experience
Just thought I'd share my recent experience with applying for a bank Gurantee for the Carnet de Passages.
My vehicle is worth about £1500 and I'm planning to travel through countries with a 500% import tax bracket so a maximum liability of £7500.
Using RL Davison via the RAC for an insurance indemnity I'd the looking at 10% premium subject to 8% insurance tax with 50% refundable one the carnet is discharged. Total = £ 795 with £ 375 returnable.
I popped into my local Barclays branch (in Selby) and asked about the Gurantee. The manager had actually heard of it and produced a form within 5 minutes!!!!!!
Anyway, down to the costs. £50 set-up plus 1.5% per annum minimum £150.