Barclays bank plus overdrat for a new company account

To set up a new company account with Barclays Bank and apply for a business overdraft, you'll need to follow these steps:

Step 1: Gather required documents

Before applying, make sure you have the following documents ready:

1. Company registration documents (e.g., Certificate of Incorporation, Memorandum and Articles of Association)
2. Proof of identity (e.g., passport, driving license)
3. Proof of address (e.g., utility bill, lease agreement)
4. Business plan or trading history (if applicable)
5. Directors' personal identification documents (e.g., passport, driving license)

Step 2: Apply for the account

You can apply for the account online or by visiting a Barclays branch. To apply online:

1. Go to the Barclays website (www.barclays.co.uk) and click on "Business Banking"
2. Select "Open a business account" and choose the type of account you want (e.g., current account, savings account)
3. Fill out the online application form, providing the required information and uploading the necessary documents
4. Submit the application

Step 3: Apply for the overdraft

Once your account is open, you can apply for an overdraft. You can do this:

1. Online: Log in to your online banking account and go to the "Overdraft" section
2. By phone: Call the Barclays Business Banking helpline (0800 015 8888) and speak to a representative
3. In branch: Visit a Barclays branch and speak to a representative

When applying for the overdraft, you'll need to provide information about your business, including:

1. Your business's financial situation and cash flow
2. Your business's credit history (if applicable)
3. The amount of overdraft you're requesting

Step 4: Review and agree to the terms

Once your overdraft application is approved, you'll receive a letter outlining the terms and conditions of the overdraft, including:

1. The overdraft limit
2. The interest rate and fees
3. The repayment terms

Review the terms carefully and agree to them before the overdraft is activated.

Additional tips

• Make sure you understand the fees and interest rates associated with the overdraft
• Consider setting up a direct debit to make regular repayments
• Keep your business and personal finances separate by using a dedicated business account
• Monitor your account regularly to ensure you're staying within your overdraft limit

Remember to carefully review the terms and conditions of the overdraft and the account before applying. If you have any questions or concerns, don't hesitate to contact Barclays Business Banking or seek advice from a financial advisor.