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Overdraft

An overdraft from Barclays enables your business to manage day-to-day expenses and unexpected costs with ease. Access up to the agreed limit in your chosen currency – and only pay interest on what you borrow.

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  • 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

  • Corporate Bank does not offer overdrafts of £25,000 or less. If you are seeking such as overdraft, please refer to the Business Bank webpage.
  • 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.

Barclays Bank PLC adheres to The Standards of Lending Practice for Business Customers which are monitored and enforced by The Lending Standards Board^. The Statement of Lender & Borrower Responsibilities (SLBR)†, summarises our responsibilities as a lender.

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