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Overdrafts

We’re changing our overdraft pricing to make it simpler

Between 27th March and 2nd April 2020, we'll be making some changes to our overdraft pricing. These changes are in line with rules that affect all banks and will make it simpler and easier to manage your money. Here you can find out more about the changes and understand the difference in cost compared to our current pricing.

These changes in a nut-shell

Between 27th March and 2nd April 2020, we will:

Remove the £6 Arranged Overdraft Usage Fee;

Remove interest free buffers on arranged and unarranged overdrafts;

Increase arranged overdraft interest rates;

Remove the £8 Unarranged Overdraft Usage Fee; and

Introduce unarranged overdraft interest.

The changes vary depending on the account you have with us. For example, arranged overdraft interest free buffers will remain for Graduate and Student Overdrafts. 

You can find out more by selecting your account in the sections below.

Arranged Overdraft Pricing Changes

Select your account below and we'll give a comparison between the current arranged overdraft pricing and our new pricing.

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Unarranged Overdraft Pricing Changes

Select your account below and we'll give a comparison between the current unarranged overdraft pricing and our new pricing.

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Take a look at your Current Account Terms

You can read more about the changes in new Current Account Terms below. Full details of these changes and other changes we’re making between 27th and 2nd April 2020 will be provided to you if you go on to open an account with us.

Got a question about these changes?