Change your arranged overdraft limit

If you request the interest free amount, we'll also reduce your overdraft interest rate that you'll pay for any borrowing above your interest free amount for the same period.

The interest rate will be the temporary reduced rate that was in place prior to 7th August 2020. Compare your contractual and temporary reduced rate.

Please note, this isn’t a change to your overdraft terms.

If we’ve already agreed an interest free period on your overdraft as part of the coronavirus support on or before 1st July 2020, we’ll automatically extend this for you for a further 3 months from when your interest free period was due to end - so, you don’t need to reapply.

We’ll also keep your interest at a temporary reduced rate, on any borrowing above your interest free amount for the same extended time period.  This will happen automatically. If we have a mobile phone number for you, you should have received an sms in July to confirm this.

It’s important to remember that after the further 3-month period ends, we’ll start to charge interest at your contractual rate on the full overdrawn balance. 

Compare your contractual and temporary reduced rate.

It's important to remember that after the 3 month period ends, we’ll start to charge interest at your contractual rate on the full overdrawn balance. 

You can use our overdraft cost calculator to check what your contractual interest rate is  and what an overdraft would cost you based on your circumstances when the temporary measures end. 

You have to have an arranged overdraft with us to make the request.  If you do, just fill in a few details to make the temporary interest free and lower rate request.  Have your account number and sort code to hand. 

If you don't have an overdraft with us, you can check whether you are likely to be approved before you apply by using our eligibility checker. It takes just a few minutes and won’t impact your credit rating. This is indicative only and does not guarantee you will be offered an overdraft.

Or, follow our standard New Overdraft process to be assessed if you are eligible for an overdraft.

You can read more about the suport measures by visiting our overdrafts coronavirus support page