What happens if you go overdraft with Barclays?

More than likely these days - but depends on your account rules and type of account.

At the end of the day - you are now borrowing money from them - but if you unhappy at their charges - go elsewhere after paying up.
 
you'll like as not get stiffed bank charges of some shape or other for an unauthorised overdraft.
 
If you don't have overdraft limit and has gone overdraft, they'd firstly charge you £30 as a warning, then later refund it back into your account. However, if it happened again, they'd charge the £30 and never refund it. Just apply for the £500 overdraft limit.
 
Depends on the bank/building society. This is the main reason I hate the Halifax so much as they fine you for any amount that goes over your overdraft limit. Ive been stung a few times, once it was something ridicilous like £1.20 and I didnt realise for a few months as I never check the account so I got charged an initial £30 and then got charged another £30 for each month I was over + interest!! They wanted around £95 in the end just for £1.20!!:rolleyes: I rang up customer services and gave some abuse and managed to get 2 of the charges knocked off through some first time good will gesture or something so only paid about £35. Will check and control account better in future.
 
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Pretty sure all barclays accounts have a small overdraft limit anyway, they wrote to us all a while back about it.
 
Not sure about Barclays but for HSBC, if you go past your authorised overdraft limit by more than £10 then they can charge you. They don't charge you for less than £10. If you go past by more than £10 but repay it within the same working day they don't charge you either

If you've gone into your authorised overdraft then you won't get charged. You might get charged interest, however
 
Nothing will happen unless you exceed your overdraft limit.

My brother has been minus £1400 in his Barclays account for about 9 years now.
 
Eh ?

How did he manage to get away with that ? Was that the total with interest ? Was it an agreed overdraft (loan) that he didn't pay back ? Did he just do a runner in 1999/2000 and move house/not access the account ?


For that amount of money - it seems highly unlikely they didn't follow it up unless he paid it back in other ways or declared himself Bankrupt.
 
divosuk said:
Eh ?

How did he manage to get away with that ? Was that the total with interest ? Was it an agreed overdraft (loan) that he didn't pay back ? Did he just do a runner in 1999/2000 and move house/not access the account ?


For that amount of money - it seems highly unlikely they didn't follow it up unless he paid it back in other ways or declared himself Bankrupt.
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Student overdraft. The max is about £1500 iirc.

He recently went over £1500 and they blocked his debit card untill he gets it back to £0 :p.

Then he decided to get a credit card instead. :rolleyes:
 
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I accidently went overdrawn by around £6 and so I rang up Barclays the guy said that it was fine, and it will only show up if I go over £15. I don't have any overdraft limit that I know about or signed up for, so maybe that's just a blanket policy for most people without one? :)
 
they sold my account off to a debt company while i was in oz, and made a cashmachine nick me card.. lol, turns out that when i thought i had money in there i didnt, took little bits out here and there for ages and they just shut it down lol.
funny thing is i walked back into bank when i got home and they opened a new account for me with a debit card an everythin. problem is i dont know which debt company they sold me account to. so dont know who to pay. blah to the banking system
and aye barclays stiff ya for charges. most peeps get an automatic £8 overdraft though so you shuold be fine :)
 
You can go £5 over without being charged by Barclays. If you go any more than £15 over the £5 (which in theory you shouldn't be able to), then you start to get charged.

If you go between -£5 and -£20 you get charged £8 for whatever the transaction was for to make you go into the red, as it's guaranteed to wherever you're paying the money to. It won't be debited from your account until 28 days after the transaction though.
 
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