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Important Information and Pricing

Important Information and Pricing for Overdrafts of £25,000 and below

Please note: Barclays Corporate Banking does not provide Overdraft facilities of £25,000 or less to unincorporated entities. If you are an existing client and would like further information, please contact your relationship point. If you are not a Corporate Banking client, please visit the Business Banking, Barclays Bank UK PLC website.

Rep EAR 9.74% on unsecured overdrafts of £1,000 to £25,000.

Business Bands

Representative customer margin (1) (excludes Bank of England Base Rate)

Representative EAR (2) (variable)

Overdraft fees

£1,000-£5,000

10.39%

11.01%

From £95 up to £250

£5,001-£10,000

9.48%

10.01%

From £195 up to £295

£10,001-£15,000

9.07%

9.56%

From £225 up to £295

£15,001-£20,000

7.64%

8.02%

From 1.6% up to 2.5% of the limits

£20,001-£25,000

7.64%

8.02%

From 1.6% up to 2.5% of the limits

Notes:
  • (1) Representative customer margin is the advertised rate. We reasonably expect at least 51% of customers who are accepted for and enter into an overdraft agreement as a result of the advertising or marketing to get a rate equal to or lower than the advertised rate. The representative customer margin does not include any future interest rate changes
  • (2) EAR means Effective Annual Rate. We provide the EAR to enable you to make comparisons against other overdraft products. To calculate the EAR we take both the margin and the current Bank of England Bank Rate (0.1%), which you would be charged on your overdraft and compound it every month over a year. The EAR does not include any fees or charges which apply to your overdraft. It also does not take account of any future interest rate changes. There may be an overdraft fee applied to cover the cost of providing the facility
  • (2) Representative Effective Annual Rate (Representative EAR) is the advertised rate. We reasonably expect at least 51% of customers who are accepted for and enter into an overdraft agreement as a result of the advertising or marketing to get a rate equal to or lower than the advertised rate. The Representative EAR does not include any future interest rate changes
  • Interest will accrue daily and be applied to the borrower’s business current account in arrears on a quarterly basis
  • Interest rates 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
  • Customers interested in obtaining the overdraft facility are advised to contact their respective Relationship Director.

Unarranged Borrowing Rate(UBR)

15.00%

(Implementation of latest rate change: 03.06.2019)

3 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