Barclays overdraft: the real cost
Pricier than most overdrafts on the board.
What 30 days overdrawn costs
| Amount overdrawn | Cost over 30 days |
|---|---|
| £100 | −£2.50 |
| £250 | −£6.24 |
| £500 | −£12.49 |
35% EAR · No interest-free buffer
How the £250 figure is worked out
- Amount charged interest
- £250
- Daily rate from 35% EAR
- 0.0823%
- Cost over 30 days
- −£6.24
#9 of 15 cheapest at £250 · cheapest right now: First Direct →
Rate history
No changes since tracking began 28 August 2026.
Sources
- Barclays’s published overdraft rate page · checked 28 August 2026
Common questions
How much does the Barclays overdraft cost?
At £250 overdrawn for 30 days, Barclays charges −£6.24 at its advertised 35% EAR. At £100 it’s −£2.50; at £500, −£12.49.
Does Barclays have an interest-free buffer?
No. Interest applies from the first pound of an arranged overdraft.
Is Barclays the cheapest overdraft?
Not at £250 overdrawn: it ranks #9 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.