Overdrafts
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
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.