|Monthly Fee for Maintaining The Account||None|
|Cash withdrawal in pounds in the UK||Free* |
Maximum £500 per day (subject to account balance)Whilst we won't charge you, some ATM providers may apply a charge. You'll be notified of this before you go ahead with the withdrawal.
|Cash withdrawal in foreign currency outside the UK||FreeWhilst we won't charge you, some ATM providers may apply a charge. You'll be notified of this before you go ahead with the withdrawal.|
Within the EEA:
Currency is Euro, Swedish Krona or Romanian Leu - No fee
All remaining currencies:
3.75% of transaction value, min £1.50
|Debit card payment in a foreign currency||FreeChoosing to pay in local currency instead of pounds will help you avoid dynamic currency conversion fees and you'll often get a better exchange rate.|
Within the EEA:
Currency is Euro, Swedish Krona or Romanian Leu - No Fee
All remaining currencies:
2.75% of transaction value, min £1.50
|CHAPS outward payment||£25.00|
|Refusing A Payment Due To Lack Of Funds Fee|
You'll be charged this fee when we refuse a payment due to a lack of funds in your account (or Arranged Overdraft). But you'll not be charged this fee if the value of the refused payment is £4.00 or less. This is the Refusing A Payment Due To Lack Of Funds Fee Buffer Amount.
|£4.00 (Buffer £4.00)|
|Monthly Maximum Charge|
The Monthly Maximum Charge (MMC) is a monthly cap on Unarranged Overdraft charges. The MMC is the most you'd pay each month in interest and fees combined.
1. Each current account will set a monthly maximum charge for:
(a) going overdrawn when you do not have an Arranged Overdraft; or
(b) going over your Arranged Overdraft limit (if you have one).
2. This cap covers any:
(a) interest for going over your Arranged Overdraft limit; and
(b) fees for each time we Refuse A Payment Due To Lack Of Funds.
|£60.00 per calendar month|
The amount of the Refusing A Payment Due To Lack Of Funds Fee and debit interest will be notified to you at the end of each calendar month, giving you at least 14 days notice before it is applied to your account.
You'll find full details of our fees in the Flexible Repay Account & Rapid Repay Account Fee Information Documents.
The interest you earn on your current account
This is the rate of interest we'll pay on the money in your account.
|Balance||Gross rate2 (%)||AER1 (%)|
|On all balances||0.00||0.00|
When we talk tax
The terms we use are based on current understanding of UK taxation. We're always reviewing our website to make sure that anything we say about tax is up to date.
- AER. The AER (or Annual Equivalent Rate) is the equivalent rate if interest was paid and compounded once a year.
- Gross rate. This is interest we pay without deducting income tax.
We don't deduct tax from any interest we pay you. If your interest is over your Personal Savings Allowance, you'll have to pay any tax directly to HM Revenue and Customs. It'll depend on your circumstances and it might change in the future. For more information please visit, www.gov.uk2.
- EAR. The effective annual rate (EAR) is the cost of borrowing on current accounts. This takes into account the rate of interest charged, how often it’s charged and the fact that if interest is not paid, you'll pay interest on interest. The EAR can change.
* Every day, we work out the interest on your cleared credit balance. Then we pay it into your account on the last working day of each month.
Overdraft interest rates
We'll work out the interest you need to pay using the amount you're borrowing at the end of each day. We'll charge the interest the next month
|Overdraft rates||Per annum (%)||EAR (%)|
|Arranged Overdraft||This is your mortgage rate as shown in your mortgage offer document.|
Debit card transactions and limits
|Transaction Type||Retailer/ ATM location||Currency||Fees|
|Debit Card Cash withdrawal||Within the EEA (including UK)||Currency is Pound Sterling, Euro, Swedish Krona or Romanian Leu||Fee not charged||Where a foreign purchase transaction is refunded by a retailer, the purchase transaction amount will be credited back to the account based on the exchange rate on the day of refund. Any fee charged for the original transaction will not be refunded. For any Foreign Transaction reversals, any fee charged will be reversed.|
|All remaining currencies||3.75% of transaction value, min £1.50|
|Outside the EEA||All currencies (including Pound Sterling)||3.75% of transaction value, min £1.50|
|Debit Card Payments||Within the EEA (including UK)||Currency is Pound Sterling, Euro, Swedish Krona or Romanian Leu||Fee not charged|
|All remaining currencies||2.75% of transaction value, min £1.50|
|Outside the EEA||All currencies (including Pound Sterling)||2.75% of transaction value, min £1.50|
Debit card withdrawal limits
|Debit Mastercard® Online Contactless||£350||£5,000|
|Debit Mastercard Online Non-Contactless||£350||£5,000|
|Debit Mastercard Contactless||£500||£10,000|
If you are unsure as to your debit card type (limits), please refer to your card carrier or Store.
Daily cash limits apply to withdrawals in the UK or abroad. Higher cash amounts may be available over a bank counter. International purchase limits apply if a card is used outside the UK. Other limits may apply to certain types of transactions from time-to-time.
Charges for our most common additional services
|Bankers draft (up to & including £100,000)||£30.00 per draft|
|Cancelling A Cheque||£10.00 per cheque|
|Duplicate Statement Fee (if you have opted out of receiving paper statements then no fee will be charged)||£5.00 per statement|
If we need to involve our collections department you must pay us for all reasonable costs and expenses which we incur as a result. These could include any costs incurred by us on correspondence or taking steps to trace you or recover money you owe (including legal costs). Further details are available on request from your branch.
Receiving money from outside the UK
|SWIFT||Within the EEA||All Currencies including Sterling up to £100 (or equivalent)||No Charge|
|Currency is Euro, Swedish Krona or Romanian Leu over £100 (or equivalent)||No charge|
|All remaining currencies including sterling over £100 (or equivalent)||£7.00|
|SWIFT||Outside the EEA||All currencies up to £100 (or equivalent)||None|
|All currencies over £100 (or equivalent)||£7.00|
|Copies of confirmations/ advices||N/A||N/A||£5.00 per item|
Countries within the EEA
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czehc Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy,Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK
When we're talking about our current accounts, we have to use certain words and phrases to describe key things (like your Arranged Overdraft). You can find them in our Glossary of Terms.