Transferring your account to Barclays

Business account transfer service

Move your account to us within 7 days or at your own pace.

Our obligation to you

We’ve agreed with the government to ensure accounts are transferred as quickly as possible when businesses switch to us. The agreement covers sterling denominated business current accounts held by business customers in England and Wales with an annual group turnover up to and including £25 million.

Our minimum obligation is to meet these timescales 80% of the time and we aim to exceed this. Every six months we publish figures showing how well we’ve performed and you’ll find the latest figures below.

 

  • Moving to Barclays

    Service

    Provided that

    We will

    Set up your standing orders and Direct Debits in accordance with your instructions.

    We have written authority (either from you or your old bank) and a validated list of standing orders and Direct Debits.

    Set up your standing orders and give notice to the Direct Debit originators by close of business on the 3rd working day following the working day of receipt of the regular payment details or at a specified or an agreed future date.

    Request from your old bank any available credit balance1 .

    We have written authority addressed to the old bank to action the balance transfer.

    Send the request to your old bank by close of business on the second working day following the working day of receipt of your written request or in sufficient time to meet an agreed future date for transfer.

    Transfer to your old bank funds to repay any overdraft at your old bank.

    We have written authority stating how much, including interest and charges is to be transferred and you have given us sufficient cleared funds.

    Transfer money to your old bank by close of business on the second working day following the working day of receipt of the request or at an agreed future date.

  • Moving to a new bank

  • Transferring security as part of the switching process

  • Transferring security when moving to Barclays

  • Compensation procedure

  • Barclays account transfer service: performance July to December 2015