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Your overdraft

Your overdraft

Our overdraft charges are changing. From 16 June, you’ll no longer be charged interest when you use your overdraft. Instead, we’re introducing daily fees, so you can quickly and easily work out how much you’ll pay.

An overdraft is a short-term way of borrowing money, up to an agreed limit to help you make payments and cash withdrawals even though there isn’t enough money in your account to cover them.

Overdraft cost calculator

Your account




Desired overdraft amount    £




Time needed to pay back




Total cost of borrowing:
£0


Average daily cost:
£0


Interest rate:
0%


 

Up to £0 at 0%

£0 at 0%


  • £0
  • £250
  • £1000

Please note, people often underestimate how long they will need an overdraft for. Please think carefully about whether you have allowed enough time and be aware of the costs of delayed repayments.


For 6 months, this overdraft would cost you £0

A month is defined as having 31 days.

Overdrafts are subject to application, status and income verification. This information is provided for illustrative purposes only and only shows an illustration of the interest that you may be charged and doesn’t include any associated fees, eg, monthly current account fees.

Apply for an overdraft online

You can apply for an overdraft 1 3 in Online Banking. Log in now or, if you're not a member, register today.

 

Current overdraft interest rates

Until 16 June, you’ll be charged interest when you use your overdraft – unless you’re within your interest-free limit. How much you’re charged depends on your account and the amount you’re borrowing.

 

Current account Interest free overdraft? Representative example (shows the rate applicable for an agreed overdraft limit of £5,000)
Premier Current Account Yes – 0% up to £1,000 Up to £1,000 – 0% interest pa (variable)
Over £1,000 and up to £5,000 – 14.9% interest pa (variable) 1
Premier Life Account
(no longer on sale)
Yes – 0% up to £1,000 Up to £1,000 – 0% interest pa (variable)
Over £1,000 and up to £5,000 – 14.9% interest pa (variable) 1
Additions Active 2
(no longer on sale)
Yes – 0% up to £300 Up to £300 – 0% interest pa (variable)
Over £300 and up to £5,000 – 18.3% interest pa (variable) 1
Current Account Plus 2
(no longer on sale)
Yes – 0% up to £300 Up to £300 – 0% interest pa (variable)
Over £300 and up to £5,000 – 18.3% interest pa (variable) 1
Barclays Bank Account 2  No Up to £5,000 – 19.3% interest pa (variable) 1

 

Barclays Bank Account 2
With 1 pack or more
Yes – 0% up to £200 Up to £200 – 0% interest pa (variable)
Over £200 and up to £5,000 – 19.3% interest pa (variable) 1

 

Keeping track of your money

Money Management

Money management

If you’re concerned about your finances, we can help you manage your money through budgeting tools, advice and support.

 

Text alerts

Text Alerts

For many customers, our range of free Text Alerts has helped them to avoid paying fees for going over their agreed limits.

Barclays Mobile Banking

Banking on your phone

You'll have more control over your banking with our smartphone app or dedicated mobile website.

 

FAQs

How do I apply for an overdraft?
If you’re registered for Online Banking, you can apply for an overdraft online. If you’re not, you can apply in branch or by call us on 03457 345 345. 4

What is my overdraft limit?
The amount you can borrow through your overdraft depends on the account you have and your financial circumstances. If you’re thinking of applying for an overdraft or are looking to increase the amount of an existing one, you should speak to one of our advisers in branch or call us on 03457 345 345. 4

How much will my overdraft cost?
Having an overdraft facility on your account doesn’t cost anything unless you use it. If you do, until 16 June, you’ll be charged interest – how much depends on what account you have. From then onwards, you’ll be charged a simple daily fee. You can read more about the changes we’re making on our  Overdraft charges page.

How can I cancel or reduce my overdraft?
If you want to cancel or reduce an overdraft, you can either do this in branch or through Telephone Banking, if you’re registered for this service, on 03457 345 345. 4

What do I do if my overdraft isn’t enough?
If your agreed overdraft limit isn’t meeting your needs, you can apply for an increase through either Online Banking, over the phone on 03457 345 345. 4 or in branch.

What do I do if I’m getting into financial difficulty?
If you’re getting into financial difficulties, we’re here to help. Our money management section provides practical steps for reviewing your finances and suggesting a way forward for sorting out any problems you may have. You can also speak to us in branch or call us on 03457 345 345. 4

Important information

Borrowing services important information

Personal Reserve and overdraft rates

If you've taken optional Personal Overdraft Protection you will continue to pay the monthly cost whether or not you use your overdraft.

 

1. Overdrafts are subject to application and status so that amount offered may be different to that shown in the example. They are repayable on demand.
 
2. The maximum overdraft on these accounts is £5,000.
 
3. The Lending Code. Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. The Lending Code sets minimum standards of good practice when dealing with certain customers in the UK in relation to loans, current account overdrafts, charge cards and credit cards. Further details can be found at: Lending Standards Board
 
4. To maintain a quality service, we may monitor or record phone calls.  Read our call charges and information  

 

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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