A funding limit is the maximum amount you'd like us to transfer to your old bank to clear an overdraft or overdrawn balance. You'll need to deposit this amount into your Barclays account, or have an overdraft in place with us for the day of the switch.
We'll transfer an amount up to the funding limit you’ve chosen to your old account. You'll be able to change this amount up until 5pm on day 6 of the switch by coming into a branch. We'll need to agree to the amount and it needs to be enough to clear any overdrawn balance or overdraft so we can close your old account.
You can use your Barclays account as soon as you open it. We'll contact you to let you know when the switch is complete. When it is, any money coming from your old account will be available.
Your switch could be rejected if the personal details you give us when opening your Barclays account don't match those held by your old bank.
If you think your details might be out of date, you’ll need to update them with your old bank. Also, if you apply for a full switch, you have 5 working days to visit one of our branches and confirm your identity. If you don't do this, the switch process can't go ahead.
If your switch is rejected, you can re-apply, but ?you should make sure you've taken the necessary steps to ensure it doesn't fail again.