Premier Current Account
Take your banking to the next level
We’ve removed the Premier Banking fee
In 2022, we said that we’d introduce a £20 monthly fee for Premier Banking, which wouldn’t need to be paid if you met our eligibility criteria.
Since then, we’ve decided that it’s not the right time to introduce a fee for Premier. This means that if you’re unable to meet our eligibility criteria, there will no longer be an option to pay the fee and continue to enjoy Premier benefits. The fee is no longer part of your account terms and conditions, and we’ve updated our tariff to reflect this change.
Withdraw up to £2,000 a day
Your exclusive black debit card lets you withdraw up to £2,000 every day (as long as you have enough money in your account). You just need to increase your cash machine withdrawal limit from £1,000 to £2,000 in the Barclays app.
Are you eligible for Premier?
To join Premier Banking, you’ll need to open a Premier Current Account and either
Pay in a gross annual income of at least £75,000
Have a total balance of at least £100,000 in savings with us, in Barclays UK investments, or in a mixture of both
If your payments or balance drop below what you need to stay with Premier, we’ll let you know.
Open and manage your account with the Barclays app
Already bank with us?
Upgrade to Premier by tapping the Premier Banking icon in the product hub
Additional app benefits
- See a summary of your spending by category, shop or business
- Track where and when you’ve made payments
- Set daily spending limits
Open Premier-exclusive savings accounts
- Set up a Premier Flexible Cash ISA and Flexible Bond in your app
- Earn a fixed rate on your money, with the flexibility of accessing some of your savings too
Simple security controls
- Temporarily freeze your debit card if you can’t find it
- Get a PIN reminder whenever you need it
- Report your card lost or stolen quickly and easily
Barclays Avios Rewards
Get closer to the travel you want
Join Barclays Avios Rewards for just £12 a month and collect Avios to put towards your next trip with British Airways. You could collect at least 20,500 Avios in your first year – enough for a peak British Airways return economy (Euro Transfer) flight to Nice.4 Eligibility and conditions apply.5
What you need to know about overdrafts
Interest-free arranged overdrafts of up to £500
As a Premier customer, you can apply for an interest-free arranged overdraft of up to £500. Overdrafts, including interest-free amounts, are subject to application, financial circumstances and borrowing history.
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 – annual percentage rate. 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 £1,200 overdraft balance
You can find out more about our interest charges 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 a UK resident to apply. You can contact us at Barclays, Leicester, LE87 2BB .
Arranged overdrafts are subject to application, financial circumstances and borrowing history.
Please open and read the general information about overdrafts before you apply.
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 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
How to apply
It’s simple, safe and secure to apply for a Premier Current Account in the Barclays app or Online Banking.
To apply for this account in the app3, you’ll need to:
- Be 18 or over and not in full-time education
- Pay in a gross annual income of at least £75,000
- Have a UK mobile number
- Provide proof of identity, like a passport or driving licence.
If you don’t have a UK mobile number, you can apply online instead.
To apply for this account, both account holders will need to:
- Be 18 or over and not in full-time education
- Have lived in the UK for at least 12 months
- Pay in a gross annual income of at least £75,000.
If both account holders have a total balance of at least £100,000 in savings or UK investments with Barclays, or both, you’ll need to apply by booking a callback with our Financial Guides.
The other account holder will need to be with you during the application.
For more information on what you could get with a joint account, take a look at our joint account features.