Full product details for the Barclays Premier Life Account (£25) current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.
from 305 ratings
305 customers rated their Barclays current account as 3.8 out of 5 in our 2010/2011 Consumer Finance Awards.
Up to £1,000, 0% interest per annum (variable). £1,001-£5,000 14.9% interest per annum (variable). Subject to status and application.
Account Type
packaged
Monthly Charge
£25
The monthly account charge is £25.00. Customers may open up a Premier Life Account and pay £17.50 per month if they meet the Premier eligibility criteria. The customer must have a minimum income of £75,000 per annum paid into a Barclays current account or £50,000 saved or invested through Barclays. Customers who fail to meet this criteria may open a Premier Life Account subject to £25 monthly charge.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Interest Free Overdraft Limit
£1,000
An interest free overdraft facility of £1,000 is available.Representative Example: Up to £1,000, 0% interest per annum (variable).£1,001-£5,000, 14.9% interest per annum (variable).Subject to status and application so the amount offered may well be different to that shown on the example. Repayable on demand.
Standard Overdraft Rate
14.9%
The authorised overdraft rate is 14.9% interest per annum (variable) Representative Example: Up to £1,000, 0% interest per annum (variable).£1,001-£5,000, 14.9% interest per annum (variable).Subject to status and application so the amount offered may well be different to that shown on the example. Repayable on demand.
Headline Interest Rate
0%
The headline interest rate is 0% AER.
Reward Payment
£0
No reward payment payable.
Minimum Investment
£0
There is no minimum investment required to open this account, however interest is earned from £1.
Internet Banking
yes
Free internet banking is available. As a Premier client the customer can order duplicate statements, change their statement frequency, request a certificate of balance, request a certificate of deduction of income tax, request a certificate of loan interest, re-order a Connect card on-line without being registered for internet banking. Once registered the customer can also pay bills, apply to increase their overdraft (overdraft increases are subject to status) and view their accounts on-line. Requests received before 3pm Monday-Friday will be carried out the same day.
Branch Banking
yes
This account can be operated through a branch.
Telephone Banking
yes
Account Promotions
yes
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit
£0
There is no minimum monthly credit required.
Minimum Contract Term
0 months
Not applicable.
Minimum Age
18 years
The minimum age is 18 years old.
Maximum Age
Unlimited
There is no maximum age limit.
Minimum Income
£0
To be eligible to join Premier Banking you must have an annual gross income paid into a Barclays current account of £75,000+ and / or £50,000+ saved or invested through Barclays. If you meet and continue to meet these criteria, the Premier Life account is available for £17.50 a month. Eligibility for Premier Banking will be reviewed regularly.
If you don’t meet the Premier Banking eligibility criteria, Premier Life costs £25 a month.
Minimum Investment
£0
There is no minimum investment required to open this account, however interest is earned from £1.
Maximum Investment
Unlimited
The maximum investment is unlimited.
Student Bank Account
no
This is not a student bank account.
Graduate Bank Account
no
This is not a graduate bank account.
Area Restrictions
none
There are no area restrictions.
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