More than an everyday bank account
Joining Premier Banking lets you enjoy a range of exclusive rewards and benefits – just for you, at no extra cost.
Interest free arranged overdraft
Apply for an interest free arranged overdraft up to £500. Overdrafts including interest free amounts, are subject to application, financial circumstances and borrowing history.
If you apply for a higher limit, we will charge you 35.0% annual rate of interest (variable) on any balance exceeding your interest free limit, up to your arranged overdraft limit.
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.
Representative example
0% interest (variable) payable on arranged overdrafts up to £500. If you use an arranged overdraft above this amount the annual rate of interest is 35.0% (variable)
19.5% APR Representative (variable), based on a £1200 overdraft balance
In addition to interest charges, 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, unless we agree different terms with you.
You can find out more about our interest charges that apply by using our overdraft calculator – just select ‘Premier Current Account’ from the drop-down list.
Overdrafts are repayable on demand and you must be over 18 and UK resident to apply. You can contact us at Barclays, Leicester, LE87 2BB.
For more information, see the 'General information about overdrafts’ section below.
Loyalty rewarded
Benefit from Premier Rewards1 and Barclays Blue Rewards. With Premier, you get more, to thank you for your loyalty.
Up to £1,000 daily cash machine withdrawals
An exclusive black debit card that lets you take out up to £1,000 a day from cash machines2.
Access exclusive products
As a Premier customer, you can apply for exclusive Premier mortgages, loans and savings accounts.
Premier relationship team
As well as our app and Online Banking services, our dedicated team are available 24/7 to help with more complex financial decisions. Call us on 0800 924 7365 3.
Switch to us – it's safe and simple
Open a new account and switch at the end of your application. Choose your switch date – all payments will be moved over in seven working days.
Fee-free international payments online or by app
Send money outside the UK to lots of countries, with no charges, in Online Banking or your Barclays app4. We support all major currencies, and transactions are quick, easy and secure.
We won’t charge you fees when you send an international payment online or in our app. Fees for payments sent from a branch start at £15. The recipient’s bank may still charge a fee, depending on its location.
To join Premier Banking, you need…
An annual gross income of £75,000 or more paid into a Barclays current account
or
£100,000 or more saved or invested with us.
We'll review your eligibility for Premier Banking regularly. If you no longer meet the criteria, we'll contact you to explain your options. We may also change the eligibility criteria in future.
Don't qualify for Premier? Try a Barclays Bank Account.
General information about overdrafts
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 interest 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.
If you like what you see and want to join Premier, you have 3 options.
Use the Barclays app to apply for an account if you
Apply online for an account you’ll share with someone if you
Click to upgrade online or call us on 0800 197 1059. Lines open Monday to Friday 9am – 6pm 5.
Tap the logo you need, and it’ll take you straight to the app in your app store.
As a Premier customer, you’ll have access to exclusive loans, savings accounts and mortgages.
Check your personal rate for our exclusive loans without affecting your credit score. Subject to eligibility and status.
Our best offers for your next home or property investment.
Your home may be repossessed if you do not keep up repayments on your mortgage.
An exclusive savings bond for you as a Premier customer.
Earn a fixed rate on your money with the flexibility to access some of it too.
Enjoy treats, discounts and cashback – just for banking with us.
Rewards for your loyalty
Discover surprise treats, discounted dining and days out, all at no extra cost. And you can enjoy them on the go with our dedicated Premier Rewards app.
Start a live web chat with one of our team.
If you are new to Barclays and want to know more about a Premier account give us a call on 0800 085 1115 7.
Come along to a branch and apply in person.
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.