Overdrafts and bank charges

If you use your personal current account to make payments when:

  • You do not have enough money in your account and have not agreed a formal overdraft arrangement with us; or
  • The payment takes you over the limit of your formal overdraft arrangement 

you may have to pay charges as a result.

The table below gives some examples of our charges for making payments from your account when you haven’t enough money.

We developed these examples with the Office of Fair Trading (now the Financial Conduct Authority) and leading consumer groups to help you to think about how changing the way you use your account can affect the amount we may charge you.

These examples are meant to show how different actions can result in different charges. They are only examples so you shouldn’t see them as actions you might take and charges you might have to pay.

You can only make payments from your account if you have funds available in it, including any overdraft or Emergency Borrowing limit we have agreed with you. The examples below are based on payments you make within an arranged Emergency Borrowing limit.

Emergency Borrowing is intended for short-term use only. If you use your Emergency Borrowing continuously for more than a few weeks, we may contact you and may seek to reduce or restrict your Emergency Borrowing. You should avoid making payments if you do not have enough funds in your account. Where possible you should contact us in advance to arrange an overdraft or if you need help to operate your account.

We could add other charges to your account if you try to make payments when you do not have enough money. For details of all the charges for your current account, visit our Current accounts rates and charges page.

Choose an example below which shows how you might manage your current account. If you have recent bank statements, use these to help you choose. Once you have worked out reasons why you might be charged, it could help you to avoid charges in future.

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.

Barclays Current Account 

Barclays Current Account with 

Emergency Borrowing

Unpaid Transaction Fees

£8 per day

£8 per day

Maximum No. of Unpaid Fees per charging Period

4 (£32)

4 (£32)

Emergency Borrowing Daily Fee

n/a

£5 per day

Maximum No. of EB 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.
 

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 

Note: The monthly charging period for these fees closes two days before we issue your statement.

Further details can be found online at barclays.co.uk/youroverdraft 

Account type

Fees payable

Representative example

Barclays Bank Account

Daily fees are charged on all balances within an arranged overdraft limit. The daily fees are as follows:


Up to £1,000 - 75p per day

Over £1,000 up to £2,000 - £1.50 per day

Over £2,000 - £3 per day

The maximum arranged overdraft is £5,000.

Up to £5,000 (subject to application and status). If you use an overdraft of £1,200, you will be charged £1.50 per day when you use it.

Barclays Bank Account with Packs

No daily fees are charged on arranged overdrafts up to £200. When you go over your £200 limit, daily fees are charged on the whole balance of your arranged overdraft. The daily fees are as follows:


Up to £200 - No fee

Over £200 and up to £1,000 - 75p per day

Over £1,000 and up to £2,000 - £1.50 per day Over £2,000 - £3 per day

The maximum arranged overdraft is £5,000.

Fee-free overdraft up to £200 (subject to application and status) while you stay within that limit. If you use an overdraft of £1,200, you will be charged £1.50 per day when you use it.

Premier Current Account

No daily fees are charged on arranged overdrafts up to £1,000. When you go over your £1,000 limit, daily fees are charged on the whole balance of your arranged overdraft. The daily fees are as follows:

Up to £1,000 - No fee
Over £1,000 and up to £2,000 - £1.50 per day
Over £2,000 - £3 per day

Fee-free overdraft up to £1,000 (subject to application and status) while you stay within that limit. Up to £1,000 fee-free. If you use an overdraft of £1,200, you will be charged £1.50 a day when you use it.

Executive Overdraft

Daily fees are charged on all balances within an arranged overdraft limit. The daily fees are as follows:

Up to £1,000 - 75p per day
Over £1,000 and up to £2,000 - £1.50 per day
Over £2,000 - £3 per day

Up to £5,000 (subject to application and status). If you use an overdraft of £2,200, you will be charged £3 per day when you use it.

Student Additions Account

No daily fees are charged on arranged overdrafts. See below for the full breakdown of the maximum overdraft amounts available:
 

  • Account opening: up to £500
  • Term 1: up to £500
  • Term 2: up to £1,000
  • Term 3: up to £1,500
  • Term 4: up to £2,000
  • Term 5: up to £2,500
  • Term 6 and beyond: up to £3,000

Fee-free overdraft up to £3,000 (subject to application, status and lending criteria) whilst you stay within that limit.

Graduate Additions Account

Available fee-free overdraft depends on year of graduation as follows:
 

  • Year 1: up to £3,000
  • Year 2: up to £2,000
  • Year 3: up to £1,000
  • Year 4: up to £500
  • Year 5: up to £200

Daily fees are charged on the whole balance of an arranged overdraft above the fee-free limit. The daily fees are as follows:
 

Up to £1,000 - 25p per day

Over £1,000 and over £2,000 - 50p per day

Over £2,000 - £1 per day

The maximum arranged overdraft is £3,000.

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.

Higher Education Account

Available fee-free overdraft depends on year of graduation as follows:
 

  • Year 1: up to £3,000
  • Year 2: up to £2,000
  • Year 3: up to £1,000

Daily fees are charged on the whole balance of an arranged overdraft above the fee-free limit. The daily fees are as follows:

 

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

Over £2,000 - £1 per day

The maximum arranged overdraft is 3,000.

For your 1st year after graduation, fee–free overdraft up to £3,000 (subject to application and status) while you stay within that limit.

 

Lower overdraft fee–free amount applies in 2nd and 3rd year after graduation.

Current Account Plus 
(no longer on sale)

No daily fees are charged on arranged overdrafts up to £300. When you go over your £300 limit, daily fees are charged on the whole balance of your arranged overdraft.

The daily fees are as follows:

 

Up to £300 - No fee

Over £300 and up to £1,000 - 75p per day

Over £1,000 and up to £2,000 - £1.50 per day

Over £2,000 - £3 per day

The maximum arranged overdraft is £5,000.

Fee-free overdraft up to £300 (subject to application and status) while you stay within that limit. Up to £300 fee-free. If you use an overdraft of £1,200, you will be charged £1.50 a day when you use it.

Additions Active 
(no longer on sale)

No daily fees are charged on arranged overdrafts up to £300. When you go over your £300 limit, daily fees are charged on the whole balance of your arranged overdraft.
The daily fees are as follows:

 

Up to £300 - No fee
Over £300 and up to £1,000 - 75p per day
Over £1,000 and up to £2,000 - £1.50 per day
Over £2,000 - £3 per day
The maximum arranged overdraft is £5,000.

Fee-free overdraft up to £300 (subject to application and status) while you stay within that limit. Up to £300 fee-free. If you use an overdraft of £1,200, you will be charged £1.50 a day when you use it.

Premier Life Account 
(no longer on sale)

No daily fees are charged on arranged overdrafts up to £1,000. When you go over your £1,000 limit, daily fees are charged on the whole balance of your arranged overdraft. The daily fees are as follows:

 

Up to £1,000 - No fee

Over £1,000 and up to £2,000 - £1.50 per day Over £2,000 - £3 per day

Fee-free overdraft up to £1,000 (subject to application and status) while you stay within that limit. Up to £1,000 fee-free. If you use an overdraft of £1,200, you will be charged £1.50 a day when you use it.

Additions
(no longer on sale)

No daily fees are charged on arranged overdrafts up to £250. When you go over your £250 limit, daily fees are charged on the whole balance of your arranged overdraft.

The daily fees are as follows:

 

Up to £250 - No fee

Over £250 and up to £1,000 - 75p per day

Over £1,000 and up to £2,000 - £1.50 per day

Over £2,000 - £3 per day

The maximum arranged overdraft is £5,000.

Fee-free overdraft up to £250 (subject to application and status) while you stay within that limit. Up to £250 fee-free. If you use an overdraft of £1,200, you will be charged £1.50 a day when you use it.

Additions Plus
(no longer on sale)

No daily fees are charged on arranged overdrafts up to £250. When you go over your £250 limit, daily fees are charged on the whole balance of your arranged overdraft.

The daily fees are as follows:

 

Up to £250 - No fee

Over £250 and up to £1,000 - 75p per day

Over £1,000 and up to £2,000 - £1.50 per day

Over £2,000 - £3 per day

The maximum arranged overdraft is £5,000.

Fee-free overdraft up to £250 (subject to application and status) while you stay within that limit. Up to £250 fee-free. If you use an overdraft of £1,200, you will be charged £1.50 a day when you use it.