A Barclays Visa Debit card being inserted into a card reader at a restaurant

Overdrafts explained

看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看A short-term safety net

看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看Overdrafts are a short-term way to borrow money up to an arranged limit. Discover how overdrafts work and how to stay on top of your finances.

Coronavirus and arranged overdrafts

Between 1 May and 9 July 2020, we’re not charging interest on overdrawn balances of up to £750 and we’re temporarily lowering our rates and capping interest charges for overdrawn balances over £750. Our overdraft FAQs have more information about these temporary measures.

Is an arranged overdraft right for you?

Read a clear explanation of how overdrafts work and how you can apply

Work out the cost of being overdrawn with our calculator before applying

Use our eligibility tool to see how likely we are to offer you an overdraft limit

Get free tips to help you stay in control of your money

Find out where to get help if you’re worried about debt

What it would cost

Our annual interest rate is 35.0% (variable)

Representative example (for a Barclays Bank Account)

看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看If you use an arranged overdraft of £1,200, the annual rate of interest that we will charge you is 35.0% (variable), 35.0% APR Representative (variable).

Use our calculator to find out more about the cost of other products. Interest is charged on any arranged overdraft you use, up to your agreed limit. It is calculated for each day you are overdrawn and charged to your account on a monthly basis. If your arranged overdraft has an interest free amount, interest is calculated on the amount of overdraft you use above your interest free amount.

How does our overdraft compare?

A good way to compare the cost of our overdraft with other ways of borrowing is to look at the APR. The APR shows the cost of borrowing over a year. See ‘Important information’ for an explanation of how our rates work1.

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

7 days

30 days

60 days




Costs will be lower if there is an interest free amount on the overdraft. 

看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看You can use our calculator (link below) to work out how much your anticipated arranged overdraft borrowing would cost over different periods of up to 31 days.

Before you apply

Try the following tools and guides to help you decide if borrowing money through an overdraft is right for you.

Overdraft calculator

See how much it would cost to borrow over different periods of up to 31 days.

Are you eligible?

If you have a current account with us and you’re eligible to apply for an arranged overdraft online, you’ll see a provisional limit when you log in to the Barclays app or 2. If you’re considering opening a current account with us, you can use our tool to see how likely you are to be eligible for an overdraft.

Keep your debt affordable

Some people underestimate how long they’ll need an arranged overdraft for, so please think carefully. Borrow no more than you actually need and can afford to pay back.

  • 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看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看 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看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看 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.


    看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看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.


    看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看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.


    看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看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 scroll back up this page.


    Barclays, Leicester LE87 2BB

  • 看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看We know it’s easy to slip a little and we’ve got you covered. We won’t charge you interest if you go overdrawn by £15 or less.

  • When you make a payment, you must have money in your account to cover the payment at 3pm on the day the money is due to go out. The money needs to be immediately available to use, so you can transfer money from another account using mobile, , telephone banking看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看, or you can pay cash over the counter at a branch. If there isn’t enough money in your account, we will always try and return the payment to help you avoid going into an unarranged overdraft.

    If we have a valid mobile number for you, we’ll automatically enrol you to receive relevant alerts regarding overdrafts and returned payments.

  • Staying on top of your finances

    Why not book a free session with Barclays Money Mentors to help you understand your finances and borrowing options看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看. You can speak to an expert at selected branches, by phone or on a video call.


    If you're struggling financially

    Our Money management pages provide practical tips to help you deal with money problems and debt. You’ll find guides to budgeting and what to do if you’ve been turned down for credit, along with tips on coping with the anxiety money problems can cause.


    You can also speak to one of our personal bankers at branch or call us on 0345 734 53453

  • If you want to increase your arranged overdraft limit, most customers can apply in the Barclays app, 2. Alternatively you can apply at a branch or through telephone banking. If you visit a branch, please bring payslips for the previous two months or eight weeks, and a statement for the account your income is paid into if it’s not a Barclays account.

How to apply for an overdraft

All overdrafts, including any interest free amounts, are subject to application, financial circumstances and borrowing history. You must be 18 or over to apply and live in the UK. Overdrafts are repayable on demand. Not all customers can apply for an arranged overdraft in the Barclays app or online banking2看黄神器免app免vip_免费的黄神器手机安卓_黄 色带 app免费试看 because certain restrictions apply.

New to Barclays?

You’ll need to apply for a current account before you can apply for an arranged overdraft.

Have a current account with us?

Check to see if you can apply for a new or increased overdraft in the Barclays app or Online Banking2. Alternatively you can apply at a branch or by calling us on 0345 734 53453.

Money management tools and tips

person looking at bills

Money management

If you’re concerned about your finances, we can help with budgeting tools and support.


We’ll register you for certain alerts so you can stay on top of your arranged overdraft to reduce or avoid interest charges.

man on laptop

Other ways to borrow

There might be other ways to borrow that are better for you than an overdraft, depending on your needs.


Barclays Money Mentors

Book a session with or Barclays Money Mentors to learn the basics of budgeting and make your day-to-day money management a little easier.