You can apply for a new account now, online
Applying online is easy.
An overdraft limit is a borrowing facility which allows you to borrow money through your current account.
There are two types of overdraft - arranged and unarranged.
An arranged overdraft is a pre-agreed limit, which lets you spend more money than you have in your current account. It can be a safety net to cover short-term outgoings, like an unexpected bill. It is not suitable for longer-term borrowing. We charge you for every day of the month that you use your arranged overdraft where you go beyond any fee-free limit you may have.
An unarranged overdraft is when you spend more money than you have in your current account and you have not agreed an arranged overdraft limit with us in advance or you have exceeded an existing arranged borrowing facility.
You can only make payments from your account if you have enough money in your account or through an arranged overdraft to cover them. Barclays will always attempt to return any transaction that could take your account into an unarranged overdraft position. Having enough money in your current account or having an arranged overdraft limit could help prevent payments such as priority bills from being returned unpaid.
On very rare occasions we may be unable to return a payment (e.g. due to an offline transaction made on a flight) and the account may enter an unarranged overdraft. No additional charges will be applied in this situation.
Information regarding the conduct of your account may be sent to credit reference agencies. As with any debt or borrowing, this may affect your ability to get credit in the future.
Our Eligibility tool can show you the likelihood of getting an arranged overdraft and the overdraft calculator lets you see how much it could cost to use an overdraft. To use these tools and find out more about overdraft charges, please visit www.barclays.co.uk/youroverdraft.
If we hold a valid mobile number for you, we’ll automatically enrol you to receive relevant alerts regarding borrowing and refused payments, to help you avoid charges. You can also choose to receive additional alerts, including Low Balance and Large Credit or Debit. Tailor your alerts to your personal needs online, by phone or in branch. To find out more, visit Barclays.co.uk/alerts.
Barclays Blue Rewards are our way of saying thanks for banking with us. Every month, we’ll give you £3.50 for each of your first two paid Direct Debits, as well as an extra £5 if you have a mortgage with us – plus up to £3 more if you take out home and contents insurance. You just need to pay at least £800 into your account each month and pay a £4 monthly fee.
Joining and eligibility
When you join we'll ask you to choose a suitable current account for Barclays Blue Rewards. Most of our accounts are suitable, including Premier. The only accounts you can't join with are: Barclays Basic, Young Person's, BarclayPlus, foreign currency accounts, Wealth and Business. If you have a joint account, only one holder can use that account to join. Other account holders can use a separate, suitable account to join if they have one.
You will need access to Online Banking or the Barclays app to view and access your rewards, update your details or cancel Barclays Blue Rewards.
We'll check your chosen account on the first working day of each month to make sure that you did the following in the previous month:
As long as you do both these things in the previous calendar month, we’ll add any applicable Product Rewards (including any Direct Debit Loyalty Reward) or enhanced cashback to your Rewards Wallet on the second working day of each month.
Monthly fee and Loyalty Reward
Get up to £7 per month for banking with us – you’ll receive £3.50 cashback monthly for each of your first 2 Direct Debit payments.
We'll take the £4 monthly fee from your chosen account on the second working day of each month. The fee will show in your statement as 'Blue Rewards fee'.
If your chosen account doesn't meet the monthly eligibility check
We'll check your chosen account at the end of each calendar month, and let you know if you haven't met the criteria. We'll send you an email to let you know if you didn't meet the criteria and what you need to do next.
If you continue to not meet the criteria we'll close your Rewards Wallet – and you'll stop earning rewards. If we close your Rewards Wallet, we'll transfer any rewards you may have earned into your chosen current account, and stop taking the monthly fee. We'll add any pending cashback into your chosen current account at the lower rate.
If you earn less in rewards than the monthly fee
We may cancel Barclays Blue Rewards if the rewards you earn are less than the monthly fee. We’ll monitor the rewards you’re earning and we’ll contact you to give you 2 months’ notice before cancelling.
If you want to leave Barclays Blue Rewards
Just let us know using Online Banking or your Barclays app. We'll add your available rewards balance into your chosen current account. Any pending cashback will be paid at the lower rate into your chosen current account (eg, travel that you have booked but not yet taken).
Tax treatment of Barclays Blue Rewards
The £7 Loyalty Reward received up to and including November 2016 for being part of Barclays Blue Rewards is subject to UK income tax and may need to be declared to H M Revenue & Customs.
All other current rewards and cashback earned through Blue Rewards, and any Loyalty Reward received from December 2016, are not subject to UK income tax.
These terms and conditions supplement the additional conditions for Barclays Blue Rewards (see below) and explain how you can earn Loyalty Rewards if you set up or make Direct Debit payments from one or more qualifying Barclays products.
The products that could give you Loyalty Rewards
Receive a £3.50 reward for each of your first 2 Direct Debit payments, up to £7 each month. You’re eligible for this reward if the Direct Debits are successfully paid from your chosen current account.
Mortgage Loyalty Reward
You can get our £5 monthly Mortgage Reward if you have or take out a residential mortgage with us. You’re only eligible for this reward on one mortgage at any time and it’s not available on our buy-to-let mortgages or staff mortgages taken out before 2003.
Loan Loyalty Reward
Get £1 each month on a Loan Reward if you have or take out a Barclayloan with us. The following loans don’t qualify: Professional Career Development, Resolve, Staff Season Ticket, Staff Career Development and all Staff Loans taken out before September 2013.
You’re only eligible for the Loan Reward:
We might stop paying your Loan Reward if you fall behind with your repayments, there are arrears or we write off your loan.
Home Insurance Loyalty Reward
You'll get our Home Insurance Reward when you take out or renew your personal buildings, contents, combined cover or Finer High-Value Home Insurance with us. You can earn £1 per month for buildings or contents cover, and £3 per month for combined cover or Finer High-Value Home Insurance.
You need to join Barclays Blue Rewards first, or do so within 30 days of your policy start date, to be eligible for this reward. If you've had your policy for longer than 30 days, you won't be eligible until you renew.
It’s not available for any of our Student Possessions, Starter Contents, Home Emergency, Legal Services, Gadget, Bike, Sports Equipment, Personal Items and Student Contents cover.
Your rights under your insurance policy won't be affected by being a Barclays Blue Rewards customer.
You’re only eligible for the Home Insurance Loyalty Reward on one policy at any one time.
Life Insurance Loyalty Reward
When and how you’ll receive your rewards
Rewards for Barclays products
We’ll add your Direct Debit Loyalty Reward, Mortgage Reward, Loan Reward, Home Insurance Reward and Life Insurance Loyalty Reward into your Rewards Wallet on the second working day of each month. Payments will start on the second working day of the calendar month that follows:
As long as you have Barclays Blue Rewards:
When you renew your home insurance policy, top up your loan, switch rates, borrow more, move house or remortgage from another lender, please check to see what Loyalty Reward you’ll be eligible for with your new mortgage, loan or home insurance policy. Life insurance policies are non-renewable, so the life insurance reward will cease after 12 months.
We might revise your Direct Debit Loyalty Reward, Mortgage Reward or Loan Reward in the future to make sure that the reward remains competitive and reflects changes to our costs over the term of your mortgage, loan or account. We might also add or remove any Product Rewards. We’ll give you 2 months’ notice before making any change and if you don’t agree with the changes, you can cancel your Barclays Blue Rewards, without charge, in Online Banking or with the Barclays app.
We might revise your Home Insurance Loyalty Reward or Life Insurance Loyalty Reward in the future. We’ll give you 2 months’ notice before making any change and if you don’t agree with the changes, you can cancel your Barclays Blue Rewards without charge, in Online Banking or with our app.
If you leave Barclays Blue Rewards and re-join later, you'll need to renew or take out new home insurance products from us to qualify for the Home Insurance Loyalty Reward. If you leave Barclays Blue Rewards and re-join later, you will not qualify for the Life Insurance Loyalty Reward, if you already have or had life insurance.
Where a mortgage or loan is in joint names:
Where Direct Debits are paid from a joint nominated account
Any Direct Debits paid from a joint nominated account will be eligible for the Direct Debit Loyalty Reward. The customer who has nominated that account for Barclays Blue Rewards will get 100% of the reward.
Where the home insurance or life insurance policy is in joint names:
Extra cashback from retailers
Whenever you are paid cashback from our cashback retailers, you’ll earn an additional 1% enhanced cashback on top of the standard rate of cashback. If you leave Barclays Blue Rewards, you’ll only get the standard cashback. Details of the level of cashback and the payment terms for each retailer are available on their pages.
We’ll pay your cashback into your Rewards Wallet as 2 separate transactions. One will be for the standard cashback and the other will be for the additional 1% enhanced cashback for being a part of Barclays Blue Rewards.
The extra 1% will be paid on the second working day of the calendar month that follows the standard cashback payment.
Who can join Barclays Blue Rewards
To join Barclays Blue Rewards, you need to be a resident in the UK for tax purposes and have an eligible current account with Barclays. You’ll need to nominate an eligible Barclays current account for Barclays Blue Rewards to get the benefits. Your account can be a joint account, but only one of you will be able to join Barclays Blue Rewards from that account – so we’ll tell the other person if you join so they know they can’t also use that account to join Barclays Blue Rewards.
Barclays is committed to protecting your personal data. We will use your information for a number of different purposes, for example,to manage your account(s), to provide our products and services to you and others and to meet our legal and regulatory obligations. We may also share your information with our trusted third parties for these purposes. For more detailed information on how and why we use your information, including the rights in relation to your personal data, and our legal grounds for using it, please go to barclays.co.uk/control-your-data or you can request a copy from us.
Credit reference agencies and fraud prevention agencies
In order to process your application we will supply your personal information to credit reference agencies and fraud prevention agencies and they will give us information about you, such as about your financial history. We do this to assess creditworthiness and product suitability, check your identity, manage your account, trace and recover debts and prevent criminal activity. These agencies may in turn share your personal information with other organisations. If fraud is detected, you could be refused certain services, finance or employment. Once you open an account with us, we will share account data with the credit reference agencies on an ongoing basis.
If false or inaccurate information is provided to us and fraud is identified, details may be passed to credit reference and fraud prevention agencies to prevent fraud and money laundering and to verify your identity.
The Credit Reference Agency Information Notice (CRAIN) describes how the three main credit reference agencies in the UK each use and share personal data. The CRAIN is available on the credit reference agencies’ websites
Or you can ask us for a copy of these.
For more details on how information held by credit reference agencies and fraud prevention agencies may be used, please go to barclays.co.uk/control-your-data or you can request a copy from us.
Cancelling Barclays Blue Rewards
If you want to cancel Barclays Blue Rewards, you can do so at any time either through Online Banking or the Barclays app. If you cancel within the first 14 days of receiving these Additional Conditions and you have already paid a monthly fee, we’ll refund the fee, unless you have already received any rewards in to your Rewards Wallet.
We may cancel Barclays Blue Rewards immediately if you close your nominated current account or are no longer resident in the UK for tax purposes. We may also cancel Barclays Blue Rewards if you fail to meet the two conditions to earn Barclays Blue Rewards or if the monthly fee you pay is greater than the rewards you earn. We will give you two months’ notice before cancelling but we will not cancel if you start meeting the conditions and earning more than the fee again before then.
If we or you cancel Barclays Blue Rewards
Keeping you informed
We’ll always keep you informed about the rewards you’re getting and how they may change over time. We’ll send information about your Barclays Blue Rewards to you using texts, email, Cloud It and other digital methods. We will not send paper statements or letters about your Rewards, as all communication is online. If you want to talk to us about Barclays Blue Rewards you can contact us in any of the usual ways, including at a branch and by phone.
Feel optimistic about your financial future
We understand that money can be overwhelming, so we’ve put together helpful articles and easy-to-follow guides to help you feel financially confident.