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Barclays Overdraft

A short-term safety net

Do you have more money going out of your account than coming in? An overdraft could be the short-term fix you need.

Before applying, use our overdraft calculator to see what an overdraft could cost and other important factors.

Log in now to see your overdraft options (subject to application and status).

Our overdrafts offer a short-term way to borrow money up to an arranged limit. We make the cost of an overdraft easy to see and give you ways to help you manage your money.

Register for Online Banking if you don’t already have it.

  • Just one daily fee
  • Free Text Alerts make managing money easy
  • £15 buffers to help you avoid fees
  • Budget planners and practical support

What it could cost

Use our calculator to see how much an overdraft and Emergency Borrowing could cost over a period of up to 31 days. This information is for illustrative purposes only and doesn’t include any associated fees, eg monthly current account fees.

Overdrafts over £15,000 have a set-up fee of 1.5% of the arranged overdraft limit, and a renewal fee of 1.5% of the limit will also be applied annually. These fees are in addition to the daily overdraft fees.
If your overdraft has a fee-free amount and you go over that amount, daily fees will be charged on the whole balance of your arranged overdraft.

Overdraft calculator

Account

Daily fees - overdraft balance

Up to £200

Up to £1,000

Fee free

75p per day

Up to £2,000

Over £2,000

£1.50 per day

£3 per day

TipThe minimum overdraft amount you can apply for is £100. The maximum you can apply for online is displayed here. You can select an amount between these two to the nearest £10.
No. of days used
TipYou're only charged for your overdraft facility when you use it.

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.

Amount
TipThe minimum overdraft amount you can apply for is £100. The maximum you can apply for online is displayed here. You can select an amount between these two to the nearest £10.
TipYou're only charged for your overdraft facility when you use it.

Your results

Total borrowing

Total days used

£0

0

Total cost

£0

Charges breakdown

Overdraft charge

£3 per day

Emergency Borrowing

£5 per day

£3 per day

Representative example

Up to £5,000 (subject to application and status).

If you use an overdraft of £1,200 you'll be charged £1.50 per day when you use it.

Fee–free overdraft up to £200 (subject to application and status) while you stay within that limit. £15.50 per month pack fee assuming you have Travel Plus Pack.

If you use an overdraft of £1,200 you'll be charged £1.50 per day when you use it.

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'll be charged £1.50 a day when you use it.

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'll be charged £1.50 a day when you use it.

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'll be charged £1.50 a day when you use it.

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'll be charged £1.50 a day when you use it.

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'll be charged £1 a day when you use it.

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

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.

Emergency borrowing representative example

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1.50 giving a total of £4.50 and an overall total of £39.50.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1.50 giving a total of £4.50 and an overall total of £39.50.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1.50 giving a total of £4.50 and an overall total of £39.50.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1.50 giving a total of £4.50 and an overall total of £39.50.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1.50 giving a total of £4.50 and an overall total of £39.50.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1.50 giving a total of £4.50 and an overall total of £39.50.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £2,200 in 2nd year after graduation.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1 giving a total of £3 and an overall total of £38.00.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £2,200.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at £1 giving a total of £3 and an overall total of £38.00.

Emergency Borrowing of £100 used for 10 days, with an overdraft of £1,800 in 1st year after graduation.

Fee of £5 per day, capped at 7 days giving a total of £35, plus 3 days at 50p giving a total of £1.50 and an overall total of £36.50.

Apply online

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.

How our overdrafts work

We make overdraft borrowing simple and clear, offering you helpful tools and support in managing your money.

People often underestimate how long they’ll need an overdraft for, so please think carefully about the amount of time you need an overdraft for. You should only borrow what you need and can afford to repay.

What is Emergency Borrowing?

Emergency Borrowing lets you borrow an extra, pre-arranged amount if you need to go over your overdraft limit once in a while.
It costs £5 a day, and you only pay if you use it. The £5 fee is capped at 7 days each monthly charging period, so it’ll never cost you more than £35 a month.

If you've reached the 7-day cap and you have an overdraft, you'll then be charged the appropriate daily overdraft fee for the rest of that monthly charging period while you are in it.
 

What is the £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
  • 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
  • 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
     

Clear 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 if, for example, 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.

 

How to reduce your 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.

Additionally, our Control Feature 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.
 

If you're struggling financially

We can help with any financial difficulties you’re having. Our Money management section provides practical steps for reviewing your finances and suggests solutions to any problems you may have. You can also speak to one of our personal bankers in branch or call us on 0345 734 53451.
 

Changing or cancelling your overdraft

You can cancel or reduce an overdraft either in branch or through Telephone Banking, if you're registered for this service, on 0345 734 53451.

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

Tools and tips to help you manage your money

Money management

Money management

If you’re concerned about your finances, we can help you manage your money through budgeting tools and support.

Text Alerts

Text Alerts

Our range of free Text Alerts has helped many customers to avoid paying borrowing fees.

Personal Loans

Personal loans

If you're looking to borrow for a longer amount of time, we offer a range of personal loans that may better suit your needs.