What is an account switching funding limit?
It’s the maximum amount of money you’d like us to deposit in your old account to clear any overdrawn balance.
You’ll need to deposit this amount into your Barclays account, or have an overdraft in place with us, by the day of the switch. We’ll then transfer the agreed amount into your old account.
You’ll be able to change this amount, in branch, up until 5pm on the working day before your chosen switch date. If this amount doesn’t cover the overdrawn position, you must make separate arrangements to repay your old bank or building society what you owe.
Don’t worry, if you request a funding limit greater than the one you need in the end. We’ll transfer any remaining money back into your account with us once the switch has taken place.