Barclays Overdraft

A short-term safety net

From unexpected bills to bridging the gap until payday, an overdraft could be your ideal short-term solution – take a look at our video.

Our video explains more about our overdraft, including text alerts, fees and statements.

Before you apply, see what an overdraft could cost using our calculator below.

Log in to our mobile-banking app to see your options and apply (subject to application and status).

How our overdrafts work

Our aim is to make borrowing through our overdrafts simple, clear and transparent, and to offer you helpful tools and support in managing your money. You'll find additional information below about the features and benefits of our overdrafts available to you.

Please note, people often underestimate how long they’ll need an overdraft for. If you apply for an overdraft, please think carefully about the amount of time you’ll need to use it. You should only borrow what you need and can afford to repay.

Summary of Emergency Borrowing and Unpaid Transaction Fees

We’ll only charge you a single fee – whichever is the highest.
So, for example, if you’ve exceeded your overdraft limit, exceeded your Emergency Borrowing limit and had a transaction returned as unpaid all on the same day, we’ll only charge you the £8 Unpaid Transaction Fee.

Daily fees

If you're facing a number of different charges on your overdraft in any one day, we’ll only charge you a single fee – whichever is the highest.

So, for example, if you've exceeded your overdraft limit, gone over your Emergency Borrowing limit and had a transaction returned as unpaid all on the same day, we’ll only charge you the £8 Unpaid Transaction fee.

Monthly cap on unarranged overdraft charges

1.      Each current account will set a monthly maximum charge for:

  • going overdrawn when you have not arranged an overdraft; or
  • going over/past your arranged overdraft limit (if you have one).

2.         This cap covers any:

  • interest and fees for going over/past your arranged overdraft limit;
  • fees for each payment your bank allows despite lack of funds; and
  • fees for each payment your bank refuses due to lack of funds.

This is a standard definition of the monthly maximum charge that all banks are required to use.  It doesn’t include:        

  • charges for using an arranged overdraft
  • charges for additional features, e.g. the cost of packs for customising your account

£15 buffer

We provide £15 buffer zones to help you avoid paying a higher fee. So

  • If you go overdrawn by £15 or less, you won't pay a fee
  • If you exceed your overdraft and go into Emergency Borrowing by £15 or less, you won't pay the £5 Emergency Borrowing fee. Instead you'll pay the daily overdraft fee
  • And, if you exceed your Emergency Borrowing and a debit payment of £15 or less comes into your account, you won't pay the Unpaid Transaction Fee. Instead you'll pay the £5 Emergency Borrowing fee.

How to reduce charges

We provide a number of tools that can help you to avoid charges – free Text Alerts, a £15 buffer zone, the Barclays Mobile Banking app, Online Banking and a grace period to pay money into your account and avoid fees. If a payment takes you over your limit, you’ll have until 3pm that day to pay enough money into your account to make the payment and avoid a fee. The money needs to be immediately available to use, so you can transfer money from another account using mobile, online or telephone banking or you can pay cash over the counter in branch.

We also offer Control Feature which helps you to avoid paying Unpaid Transaction Fees for an £8 monthly fee. If we can't make a payment because there isn't enough money in your account, the payment will still be returned as unpaid, but you won't be charged.

Cancelling or changing your 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 0345 734 5345 1.

If you want to apply for an increase in your overdraft, you may be able to do this online (Link opens in a new window), over the phone or in branch (Link opens in a new window). If you apply in branch, please bring your previous 2 months'/8 weeks' payslips and a recent statement for the account your income is paid into, if it's not a Barclays account.

Barclays current account

Barclays current account with
Emergency Borrowing

Unpaid Transaction Fees

£8 per day

£8 per day

Maximum no. of Unpaid Transaction Fees per charging period

4 (£32)

4 (£32)

Emergency Borrowing daily fees

n/a

£5 per day

Maximum no. of Emergency Borrowing fees per charging period

n/a

7 (£35)

Monthly Maximum Charge

£32

£67

Note : There are no  overdraft or Emergency Borrowing facilities available on Barclays Basic Current Accounts, BarclayPlus Accounts and our Young Persons’ Accounts, nor are these accounts subject to any Unpaid Transaction Fees.

Overdraft calculator

Daily fees - overdraft balance

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Emergency Borrowing

This is an extra amount you can borrow, on top of your overdraft, for a daily fee. The amount of Emergency Borrowing available depends on the overdraft amount you select. The combined borrowing can't exceed the maximum available for your account type. To avoid higher fees, we recommend that you take advantage of the entire overdraft amount available before applying for Emergency Borrowing.

There’s a Monthly Maximum Charge – you can find more information above under ‘Summary of Emergency Borrowing and Unpaid Transaction Fees’.

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Your results

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Charges breakdown

Overdraft charge

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Representative example

Emergency borrowing representative example

day days per day Fee free Year Up to Over Buffer

Apply online or in Barclays Mobile Banking

All borrowing is subject to application and status. You must be 18 or over to apply. Overdrafts and Emergency Borrowing are repayable on demand. All charges are variable on notice. Not all customers can apply for an overdraft and certain restrictions apply.

  • Our lending commitments and what we ask for you

    As a lender, we have a responsibility to act fairly and as part of this we have committed to follow the Standards of Lending Practice. This note sets out some of our key responsibilities and what we ask of you, to ensure that the relationship works well for both of us.

    • We will lend responsibly and aim to provide a product that is affordable for you.
    • We will provide you with information about our products and services and how they work, in a clear and understandable way, so that you can decide what’s best for you and your needs.
    • We will endeavour to make sure our products and services offer, wherever possible, the flexibility to meet your needs.
    • We will treat you fairly and reasonably at all times and make sure that you are provided with a high level of service.
    • If you tell us about any inaccuracies, for example around the personal information we hold about you, we will act quickly to put it right.
    • We will always aim to help you if we see, or you tell us, that you are having trouble financially. We will seek to understand your overall circumstances, try and identify options that you can afford and where appropriate, provide a reference to free debt advice.  

    What we ask of you

    •     We ask you to think carefully about whether you can afford to repay the money you want to borrow and to be open in your dealings with us.
    • Take care of any cards, PINs, online log-in details and other security information to help prevent fraud and help us to protect your accounts.
    • Tell us as soon as possible if your card has been lost or stolen, or if you know or suspect someone is misusing your confidential information e.g. your PIN or online log-in details.
    • Carefully check your account statements to make sure they are accurate. If anything isn’t right, please get in touch with us.

    Please let us know if

    • Your contact details change, so we can keep our records up to date.
    • Your circumstances change, particularly if what’s happened is likely to cause you difficulties in managing your account or financial problems.
    • You think that you won’t be able to keep up with your repayments. The sooner you do this, the more likely it is we’ll be able to find a way to help you.

    We would also encourage you to refer to the terms and conditions associated with your current account, credit card or personal loan.

Money management tools and tips

Money management

If you need some help keeping track of your money, or if you’re worried about your financial situation, we’re here to help.

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