Interest free arranged overdraft up to £100
When you add one or more Packs to your Barclays Bank Account, you’re eligible to apply for an arranged overdraft, of which the first £100 will be interest free (subject to application, financial circumstances and borrowing history). If you already have an arranged overdraft, the first £100 will become interest free, although your overdraft limit won’t change.
An arranged overdraft limit is a borrowing facility which allows you to borrow money through your current account.
The maximum arranged overdraft is £5,000
How does our overdraft compare?
A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the APR. The APR shows the cost of borrowing over a year.
0% interest (variable) payable on arranged overdrafts up to £100. If you use an arranged overdraft above this amount the annual rate of interest is 35.0% (variable)
51.6% APR Representative (variable), based on a £1200 overdraft balance and monthly Tech Pack fees of £14.50
You can contact us at Barclays, Leicester, LE87 2BB
When you add a pack to a Student Additions Account, Higher Education Account or Premier Current Account, no additional interest free arranged overdraft amount is available as a result of adding a Pack. You can find out more by visiting www.Barclays.co.uk/overdrafts