Is Barclays right for me?
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
Barclays could suit you if you want a high-street bank with branches and can meet its switch conditions, or if you’re a start-up wanting a year of free business banking. Its standard debit card charges 2.99% abroad.
Barclays at a glance
| Question | What we found |
|---|---|
| Personal monthly fee? | £0 (standard Bank Account) |
| Switch reward? | Up to £300 for new customers (as of 3 October 2026) |
| Card abroad? | 2.99% non-sterling fee |
| Business account? | Free 12 months, then £8.50 a month |
| Branches? | Yes |
Figures as of 3 October 2026, from each provider’s own website. This is general information, not a recommendation.
Who it’s for
- You want branches and a full app
- You can pay in a £2,000 salary to qualify for the switch reward
- You’re a start-up that will use Sage
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You travel often and use your debit card abroad
- You’ve had the switch reward before
- You want permanently free business banking
Full explanation
For the switch reward, check you can meet the salary and card payment conditions for five months.
The catch
The switch reward comes in two parts, and Barclays says it may be withdrawn at any time.
FAQs
Does Barclays pay to switch?
Barclays showed up to £300 for new customers on 3 October 2026, in two parts with conditions.
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