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General information on overdrafts
An overdraft limitation is a borrowing center that allows you to definitely borrow cash during your present account.
There are 2 kinds of overdraft – arranged and unarranged.
An arranged overdraft is just a pre-agreed restriction, which enables you to save money money than you have in your present account. It could be a security web to pay for short-term outgoings, such as a unanticipated bill. It isn’t suited to longer-term borrowing. We charge a fee for each and every time associated with thirty days which you use your arranged overdraft where you choose to go beyond any interest free restriction you could have.
An unarranged overdraft occurs when you may spend more cash than you have got in your overall account and you have not agreed an arranged overdraft limit with us in advance or perhaps you have surpassed an existing arranged borrowing center.
It is possible to just make re re payments from your own account when you have sufficient money in to your account or through an arranged overdraft to pay for them. Barclays will usually try to return any deal that may bring your account into an overdraft position that is unarranged. Having money that is enough your present account or having an arranged overdraft limit may help avoid re re payments such as for instance concern bills from being came back unpaid.
On extremely unusual occasions we could be not able to get back a repayment ( ag e.g. Continue reading