Overdraft

• Access funds up to the agreed limit at any time
• Barclays business overdrafts are uncommitted and repayable on demand
• Interest is payable only on what you borrow
• Available in a variety of currencies freely traded by Barclays in London.

How can a business overdraft support your business?

• Your working capital is supported, enabling you to cover short-term cashflow fluctuations caused by everyday expenses or unexpected demands
• Offered as part of most business current accounts, our overdrafts are are simple to set up and administer. They can be easily monitored through your account statements.

See important information and pricing on business overdrafts

Important Information

• Information for overdrafts of £25,000 and below. Important information and representative rates
• Pricing and Eligibility calculator for Overdrafts of £25,000 and below‡
• Interest rates¹ are linked to the Bank of England Bank Rate or the relevant reference rate for currency overdrafts
• Fees may apply if you don’t use the Overdraft. If these are to apply, they will be agreed with you when the facility is arranged
• Your Overdraft limit will be agreed and confirmed in writing, together with interest and fee details, and any requirements such as security
• The products referred to in this webpage are subject to separate terms and conditions
• Any property used as security, which may include your home, may be repossessed if you are unable to fulfil the terms of a secured overdraft.

¹Negative reference rates: If your facility is aligned to a floating reference rate (e.g. Bank of England Bank Rate) and that rate becomes less than zero then it will be deemed to be zero i.e. the total interest rate charged for that facility will never be less than the facility margin.

Unarranged Borrowing Rate² (UBR)

15.00%

(Implementation of latest rate change: 03.06.2019)

² If your account goes overdrawn without prior arrangement, or you go over your arranged overdraft limit, this is the standard rate of interest applied, unless we agree a different rate with you