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Graduate Additions overdraft

Current accounts from Barclays

Our fees

If you hold a Graduate Additions account you can apply for an overdraft 1 2 with us.

To help you manage your overdraft, we have provided a breakdown of our fees as well as how and when they are applied.

Our fees

You can apply for a fee-free overdraft, with the amount depending on year of graduation (subject to status) 1:

Year 1 £3,000
Year 2 £2,000
Year 3 £1,000
Year 4 £500
Year 5+ £200


Overdrafts above the fee-free limit and up to a maximum of £3,000 will be charged a daily fee on the whole balance of the arranged overdraft.

Daily overdraft fees are charged on your overdraft balance. If you go over the fee-free amount, you’ll be charged on the whole balance of your arranged overdraft as follows:

Up to £1,000 – 25p per day

Over £1,000 and up to £2,000 – 50p per day

Over £2,000 – £1 per day

The maximum arranged overdraft is £3,000.

Representative example:
Fee-free overdraft up to £3,000 (subject to application and status) while you stay within that limit.
For your 2nd year after graduation: Up to £2,000 fee-free. If you use an overdraft of £2,200, you will be charged £1 a day when you use it.

Emergency Borrowing

See Emergency Borrowing for more information on how it works and what we charge.

Our fees when you exceed your limits

These are charges you can avoid by planning and by managing your account carefully.

When you ask us to make a payment, you must have the money (including any available overdraft, Emergency Borrowing or any buffer we give you) in your account to cover the payment at 3pm on the day the money is due to go out.

If we refuse the payment because you don’t have the money to cover it, then we'll charge you an Unpaid Transaction Fee of £8 per day for our service of considering the requested payment and, where necessary, dealing with the other bank.

You won’t be charged more than one Unpaid Transaction Fee in any one working day no matter how many items are returned unpaid.

How and when fees will be taken from your account

  • Fees will be taken from your account monthly
  • Overdraft and Emergency Borrowing daily fees are calculated on the daily statement balance
  • An Unpaid Transaction Fee is incurred on the day a transaction is returned unpaid
  • We will give you at least 14 days' advance notice on your statement of the total amount of any of these fees that will be taken from your account
  • We work out the monthly charging period from the date you chose for your statement frequency. The monthly charging period always closes 2 days before the date we issue your statement.

Important information

Overdrafts are available to customers aged 18 or over (subject to status) and are repayable on demand.

Each application is considered on an individual basis. You can draw up to your limit whenever you want, but you should not be overdrawn permanently by the whole amount.

You should manage your account in such a way that the overdraft balance is substantially reduced on a regular basis. If you do not do this, we can require you to do so. Barclays is a responsible lender and when considering your application for borrowing, your financial circumstances will be appraised.

If you ever run into difficulties, you should contact us immediately.

For all credit facilities, further details can be requested from any branch or from:
Barclays Bank PLC
Personal Banking
PO Box 120
Longwood Close
Westwood Business Park
CV4 8JN.

Important information
1. Overdrafts are subject to status and application so the amount offered may be different to that shown on the example. All borrowing is repayable on demand. The fees shown here are variable, which means we can change them – although we will let you know before we do this.
2. 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