Reserve fees and limits explained

What you get:

• One Reserve Usage Fee for each period of five consecutive working days from the day you start using your Personal Reserve
• One fee for each returned transaction where you exceed your Reserve limit
• One fee for each guaranteed payment made where you exceed your Reserve limit
• Maximum of five fees (whether Returned or Guaranteed Transaction) charged a day
• No interest payments on your Reserve balance

Understanding fees and limits

To keep things simple, you won’t pay any interest on the balance within your Reserve limit, and you only pay a Reserve Usage Fee when you use your Reserve.

Reserve Usage Fees

You’ll incur a Reserve Usage Fee of £22* for the first five consecutive working days from when you start using your Personal Reserve.

And if you’re still using your Personal Reserve after that time you’ll pay another £22* Reserve Usage Fee for each subsequent period of five consecutive working days.

Returned/Guaranteed Transaction Fees

If you go over your Reserve limit we’ll return your cheques, standing orders or direct debits unpaid, and you’ll incur a Returned Transaction Fee of £8* for each transaction.

When we have to make a payment because it’s guaranteed (for example one that’s backed by a cheque guarantee card), you’ll incur a Guaranteed Transaction Fee of £8*.

Interest payments

You won’t pay interest on any balance within your agreed Reserve limit. If you have an agreed overdraft, you’ll still pay interest at the applicable rate on any balance within that limit.

 

* We reserve the right to vary these charges from time to time.

† Lines are open 9am to 5pm UK time Monday to Friday and 8am to 5pm UK time Saturday, Sunday and UK bank holidays.UK bank holidays. Calls may be recorded for security reasons and so that we may monitor the quality of our service, Call costs may vary. Please check with your telecoms provider.

The products and services described on this page are provided by the following companies, which are part of Barclays Wealth: Barclays Bank PLC in England and Wales, Barclays Private Clients International (Gibraltar) Limited in Gibraltar and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further Information on these companies and Barclays Wealth please read the Important Information.

Products and services on this site may not be available in certain jurisdiction. In particular, these products and services are not being offered in Japan or the United States or to US residents. For full details of exclusions and disclaimers please see the Important Information before proceeding. Each Barclays Wealth company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.