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An overdraft is a short-term credit facility for borrowing money on your current account when there are not enough available funds, and it can help in months where there are extra expenses and unplanned events. Overdrafts are not generally suitable for long-term borrowing. When you use an overdraft you may have to pay interest.

We do not offer new arranged overdrafts to new or existing customers.

For details of all the fees and interest rates for these account(s), click below.

If you have an existing Personal Current Account that has an overdraft facility you can use our calculator to find out how much it would cost over a period of up to 31 days.

The figures displayed are given as a guide only. They are based on assumptions rather than precise calculations.

To use our calculator you can enter the amounts in multiples of £5 or use the sliders. Please then click 'Calculate your costs' to display or update your results.

Overdraft Calculator

Calculate the cost of an overdraft

Maximum amount £5,000
Maximum amount £5,000
Between 1 and 31 days

Important information

This is an indicative calculator based upon a number of assumptions. The amount borrowed is drawn down in full at noon on the date of calculation and you are overdrawn for a continuous period – you do not dip in and out of your overdraft.

It is also assumed that the outstanding balance will be repaid in full on the last day of the borrowing period and no other credits and/or debits will be made from the account during the borrowing period. Interest applied to account will also be paid immediately.

Representative example

If you have a Personal Current Account with an arranged limit of £1,200, you will be charged arranged overdraft interest of 17.5% EAR (variable), which gives a representative rate of 17.5% APR* (variable). The reason we provide a representative APR* is to help you to compare the cost of using an arranged overdraft with different credit products (such as a loan or credit card).

What's next?

You should aim to repay your overdraft borrowing as quickly as possible and use it responsibly. Using Online Banking can help you keep a closer eye on your bank balance. If you are having financial difficulties, why not get in touch with us to see if we can help? Free advice and debt counselling services can be obtained from independent organisations such as the Money Helper .

*APR (Annual Percentage Rate) means the annual cost of the overdraft taking into account that interest is charged monthly and any additional fees.