How much will an unarranged overdraft cost?

An unarranged overdraft occurs when your current account balance goes below zero without a prior agreement with the bank to borrow that amount.

 

Interest Charges

 

• Interest will be charged if you go overdrawn without arranging it with us first.
•  We do not charge usage fees for overdrafts.
• The interest rate varies depending on your current account.
• Representative rate: 39.49% EAR (variable).

 

Unpaid Transaction Fee

 

• A fee of £1.55 applies when we return a transaction unpaid.
•  A transaction (e.g., Direct Debit) may be returned if:
• There are insufficient funds in your account or unused arranged overdraft facility.
•  We decide, at our discretion, not to make the payment.

 

Monthly Charging Cap

 

You will not be charged more than £18.80 in a monthly charging period for:

• An unarranged overdraft.
• Any unpaid transactions.

 

Helpful Resources

 

• For For full details, visit our Rates and Charges page.
• You can also use our handy Overdraft Cost Calculator to see how much an arranged or unarranged overdraft will cost you based on your circumstances.