Barclays customers won't have to pay overdraft fees for the next month.
The bank has taken the step to help support those who've been financially impacted by the widespread coronavirus shutdown, The Mirror reports.
Despite a government pledge to pay 80% of the wages of those on furlough due to lack of business, thousands have still lost work as a result of measures designed to slow the spread of Covid-19, with freelance and self-employed workers particularly struggling.
In a bid to support those who've lost cash, the bank said interest won't be charged on overdrafts from Friday March 27 to the end of April. The changes will be applied automatically, meaning customers don't have to do anything to benefit.
Barclays managing director Gillean Dooney said: "It's crucial we offer the right support to our customers through this challenging time.
"We have therefore decided to waive all overdraft interest until the end of April, meaning there will be no charges for customers to use their arranged overdraft. We are reviewing all options to help customers after this time to ensure we support those in financial difficulty."
The move is part of a wider move from banks to help people are suffering financial hardship because of coronavirus.
Last week, HSBC UK said that from Thursday March 26, it would introduce a temporary £300 interest-free buffer on overdrafts for customers with its Bank Account and Advance Accounts for a period of three months.
And from April 6, Lloyds Bank, Halifax and Bank of Scotland customers will automatically be able to access a £300 interest-free overdraft, until 6 July.
Nationwide, meanwhile, said it would waive interest for anyone struggling thanks to the impact of coronavirus - on credit cards and overdrafts - as well as increasing credit limits where needed. These decisions will be made on a case-by-case basis as opposed to offered to all customers automatically.
