Overdrafts
An overdraft offers you a short-term finance facility for any fluctuating borrowing requirements that you may have. It can be an ideal source of temporary funding when your business expenses are less predictable.
A Barclays overdraft can offer you the following benefits:
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A convenient and flexible source of working capital finance.
Within your agreed overdraft limit, finance is available without restriction. You can overdraw to suit your requirements and repay overdrawn balances when you have surplus cash. You're not tied to specific dates for drawdown or repayment, and although the maximum term is 12 months, it can be renewed prior to expiry. -
Cost minimisation
You pay interest only on the funds you use, for as long as you have them. And because the interest margin is linked to the Barclays Base rate, you obtain your finance at minimum cost. -
Reduced exchange rates.
With a currency overdraft, you can match your foreign currency borrowing to your anticipated receipts in that currency. This can allow you to avoid the effects of any unfavourable movement in the exchange rate between the time you borrow the funds and the time you repay them.
Find out more about our overdrafts
To learn more about how Barclays could help your business, please contact us and we'll be in touch as soon as possible.
Legal information
The products and services described on this page are provided by the following companies, which are part of Barclays: Barclays Bank PLC in UK, Gibraltar, Cyprus, Barclays Private Clients International Limited in Jersey, Guernsey, Isle of Man and Barclays Bank (Suisse) SA in Switzerland. For further information on these companies and Barclays please read the Important Information. Each Barclays company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.
