Premier Current Account

Features and benefits

Please see our 'withdrawals and overdrafts' section below.

Eligibility criteria

To enjoy the benefits of Premier Banking you must have

• an annual gross income of £100,000 paid into a Barclays current account held in Jersey, Guernsey or the Isle of Man

Or

• £100,000 saved with Barclays in Jersey, Guernsey or the Isle of Man

Or

• £100,000 invested with Barclays through our Jersey branch²

Withdrawals and overdrafts

Withdrawals

You can use your black Premier debit card to withdraw up to £1,000 a day from cash machines or the daily limit set by your card preferences – as long as you have the funds in your account.

Your cash machine Limit can be increased or decreased in “Your cards” within the Barclays app.

Arranged overdrafts

The first £1,000 of your overdraft will be fee-free. You'll pay a daily overdraft fee when you go overdrawn (unless you are within a fee-free amount).

Daily overdraft fees are charged on your overdraft balance. If you go over the fee free amount, you’ll be charged in accordance with the table below:

Up to £1,000 - no fee
Over £1,000 and up to £2,000 - £1.50 a day
Over £2,000 - £3.00 a day

Overdrafts, including fee-free amounts, are subject to status and application.

Overdrafts over £15,000 have a set-up fee of 1.5% of the arranged overdraft limit, and a renewal fee of 1.5% of the limit will also be applied annually. For arranged overdrafts over £25,000, security may be required.

Representative example:

Fee-free overdraft up to £1,000 (subject to application and status) while you stay within that limit. If you use an overdraft of £1,200, you'll be charged £1.50 a day.

Please note that unarranged overdrafts are subject to additional daily fees.