How much could your overdraft cost?
Pop some details in to our calculator and we'll show you all the costs involved.
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How does our Overdraft compare?
Representative example
| Rate of interest | Total amount of credit | Representative APR |
|---|---|---|
| 18.29% p.a. Variable | £1,200 | 19.90% Variable |
| 26.45% p.a. Variable | £1,200 | 29.90% Variable |
| 34.05% p.a. Variable | £1,200 | 39.90% Variable |
A representative APR (Annual Percentage Rate) is the rate you may pay and is designed to let you compare costs with other credit products, taking into account that you may pay interest and includes any fees which apply. If no fees apply, the APR will be the same as the EAR(1). APRs are variable and may change. Your actual rate will be dependent on your financial circumstances. The maximum rate offered will be 39.90%. Your rate will apply to both Arranged and Unarranged borrowing and will be advised upon successful application.
As an example, the interest cost of borrowing £500 at our different rates of 19.90%, 29.90%, 39.90% (variable), it will cost you:
| APR / EAR1 Variable | 7 Days | 30 Days | 60 Days |
|---|---|---|---|
| 19.90% | £1.75 | £7.51 | £15.13 |
| 29.90% | £2.53 | £10.86 | £21.96 |
| 39.90% | £3.26 | £13.99 | £28.37 |
You can use our calculator to work out how much your anticipated overdraft borrowing could cost, based on the size of your overdraft and how long you borrow for.
Overdraft fees
| Description | Fee | Buffer |
|---|---|---|
| Refusing A Payment Due To Lack Of Funds Fee | None | |
| Monthly Maximum Charge The Monthly Maximum Charge (MMC) is a monthly cap on Unarranged Overdraft interest. The MMC is the most you’d pay each month in such interest. 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 interest for going over your Arranged Overdraft limit. | £20.00 per calendar month |
The amount of 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.
Personal overdrafts
Get the lowdown on our overdrafts, check your eligibility, and explore useful tools to make managing them easy.
Get started finding out about overdrafts[1] EAR (Effective Annual Rate) - The Effective Annual Rate is used to express the cost of borrowing on current accounts. The EAR takes account of the rate of interest charged, the frequency it is levied to accounts and compounding of interest. It does not include overdraft fees and is variable.