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Consumer Moneyfacts Awards 2013 – current accounts
We’re pleased to announce that we won Student Account Provider of the Year.
We were also nominated for 6 other awards, including:
- Online Banking Provider of the Year
- Current Account Provider of the Year
Read more about the Moneyfacts Awards and nominations
Need help with jargon?
Here are the five definitions that we think you'll find most helpful.
- Connect card
The name of your Barclays Bank debit card. You can use it to withdraw money from cash machines and pay for things in shops and other outlets.
- Arranged limit
Relates to your overdraft and is the total amount you are allowed to borrow on your account. The limit is agreed between you and your bank.
- Chip and PIN
A new way of paying with credit, debit and charge cards in the UK that's designed to cut the cost of card fraud. When you use your card to pay for goods at shops, restaurants, petrol stations etc, you'll enter a four-digit personal identification number (PIN) into keypads at the checkout instead of signing to authorise the transaction.
- Overdraft Limit
An overdraft is a pre-arranged facility that allows you to withdraw money from your account, in excess of your credit balance.
- Continuous authority
A method of payment in which you agree to have certain amounts debited from your credit/charge/debit cards on an ongoing basis to pay for goods and services.
Need other terms explained? See our Other accounts Jargon Buster