Your overdraft
Going into the red doesn't have to leave you red-faced. Find out more about the overdrafts you can apply for if you hold a Barclays Bank Account or a Premier Current Account.
An overdraft is a way of borrowing money up to an arranged limit to help you make payments or cash withdrawals even when you don't have enough money in your account to cover them. You'll incur interest when you overdraw within the arranged limit (subject to applicable tariffs). Other charges may apply if you make payments without enough money in your account. Overdrafts can help you to manage your money and spending when your regular income does not match your outgoings for a short period of time.
You can apply for an overdraft 1
3
or increase your existing one in Online Banking or you can speak to a member of staff in your branch.
| 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
|
If you use Online Banking you can request an overdraft or an increase in your overdraft:
Not yet with Online Banking? Don't worry — you can register in minutes and then apply online for an overdraft:
Find out about our student overdraft and graduate overdraft
Cancelling an overdraft
You can remove your overdraft facility by speaking to a member of staff at your nearest branch or by calling us on 08457 555 555 4.
Personal Reserve
If you’re planning to take out an overdraft, find out about Personal Reserve from Barclays. It's an extra agreed amount for those little emergencies, for example when you need to go overdrawn or exceed your arranged overdraft limit. It aims to help you avoid having transactions being returned unpaid and the associated fees.
Important information
Please read:
Borrowing services important information
Personal Reserve and overdraft rates
You pay no interest until you use your overdraft. Then you're just charged interest on the amount you've borrowed — as long as you're within your limit.
If you've taken optional Personal Overdraft Protection you will continue to pay the monthly cost whether or not you use your overdraft.
Borrowing services important information
If you are over 18 and think you will need to use our borrowing services as part of your personal account, you should contact us as soon as possible to discuss whether we can provide you in advance with an overdraft, a Personal Reserve or both.
If we provide you with an overdraft and/or a Reserve, you should make regular payments into your account so that the amount you owe us is reduced. If you do not do this, we can require you to do so.
If we decide not to provide you with borrowing services, then (subject to any applicable payment buffers) any payments you make that would take your personal current account overdrawn will be returned unpaid, unless they are Guaranteed Transactions.
When we agree to provide you with an overdraft and/or Reserve we shall confirm to you in writing the limit of your overdraft and/or Reserve, together with the fees and interest rates that are payable when you use them.
All overdrafts are subject to status and application.
