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What is an overdraft?
Overdrafts can give you a little extra flexibility with managing your finances.
If you withdraw more money than you have in your bank account, the extra money you take out after your bank balance reaches zero is called an overdraft.
An arranged overdraft is an overdraft that we’ve approved for you, and you can borrow up to that limit. We’ll only charge you interest and/or fees if you actually use it. Depending on the type of current account you have, the fees and any interest-free threshold will differ.