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.
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.