Supporting our customers and clients impacted by coronavirus (COVID-19)

To help during this time, we’re capping overdraft interest charges on personal current accounts at £180 per monthly charging period until 21 September 2021.

We’ve put together a range of guides to support you, and help you manage your finances and improve your financial habits.

During 2020 we:

• Didn’t charge any interest on overdrawn balances on personal current accounts from 27 March to 30 April 2020.
• Between 1 May and 9 July 2020, we didn’t charge interest on overdrawn balances of up to £750.
• From 10 July to 10 August, we didn’t charge interest on overdrawn balances of up to £500.
• If, during those times, you used more of your arranged overdraft than the amounts above, we waived some of the interest to reduce the annual rate of interest (EAR) to 19.51%.

From the 31 March 2021 you can only ask for support if you’re already receiving temporary mortgage support.

Any temporary mortgage support we offer after 31 March will stop on 31 July, even if you haven’t received the maximum of six months.

As the coronavirus (COVID-19) situation evolves, we’re here to help you manage your money – in whatever way we can.

We can offer payment holidays on your Barclaycard and if your Barclaycard payment holiday is coming to an end, there are a number of different scenarios you could be facing. We have a range of support that can help you take the next steps.

The Bounce Back Loan Scheme closed for new applications and top-ups on 31 March 2021.

If you already have a Bounce Back Loan with us, the quickest way to apply for Pay as you Grow is in Online Banking or the Barclays app.

The Coronavirus Business Interruption Loan Scheme (CBILS) closed for new applications on 31 March 2021.

We’ve teamed up with Nextdoor, the neighbourhood hub to help you reach thousands of potential customers. During the coronavirus (COVID-19) situation, we’ll help you connect with verified local residents instantly without the need to build likes or followers.

As well as the Coronavirus Business Interruption Loan Scheme, the UK government have a number of other schemes and grants available to support small businesses negatively impacted by coronavirus, including:

• Businesses who employ staff can apply for the Coronavirus Job Retention Scheme and the statutory sick pay rebate
• Nursery businesses could get a business rates holiday for the 2020-21 tax year
• Retail, Hospitality and Leisure businesses could also get a business rates holiday
• All business types may be eligible to defer VAT and tax payments
• Use this business support finder to see what support is available for you and your business.

A new debt finance programme, the Recovery Loan Scheme (RLS), was launched on 6 April 2021. The scheme, aims to support businesses affected by Covid-19 as they recover and grow following the pandemic. RLS supports lending from £25,001 up to £10m.

The CCFF closed to new purchases on 23 March 2021 as planned. It was available to support corporates who would normally seek market-based finance for their working capital. 

The Coronavirus Large Business Interruption Loan Scheme is now closed to new applications. Please note, applications received by 23.59 on 31 March 2021 can still be processed.

Launched on 20 April 2020 with loans of up to £25 million available for businesses with a turnover between £45m and £250m. Loans of up to £200m were backed by a UK government guarantee, CLBILs had no upper turnover limit.

A Coronavirus Job Retention Scheme whereby those who might otherwise have been laid off due to the Covid-19 outbreak can be kept on. 

It has been extended until 30 September 2021. From 1 July 2021, the government will pay 70% of wages up to a maximum cap of £2187.50 for the hours the employee is on furlough.

Employers will top up employees’ wages to make sure they receive 80% of wages (up to £2,500) in total for the hours the employee is on furlough. The caps are proportional to the hours not worked.

If you’re facing challenges caused by COVID-19 we’re here to help. Our team of Relationship Managers and specialists stand ready to discuss any financial impacts you may be experiencing and explore all appropriate options to support you during this time.

We encourage any client who needs information, guidance or is experiencing any financial difficulty to contact their Barclays Relationship Manager or our client service centre staff for help at the earliest opportunity.

Find out more about further support available for your business.