Select Platinum rates and charges

Select Platinum

Rates and Charges for your Select Platinum account

Select Platinum rates and charges Find out more...
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Icon expand Monthly Account Fee

£17

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Icon expand Interest we pay you

This account does not pay interest on credit balances. 

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Icon expand Arranged Overdraft Interest

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay any arranged overdraft interest. If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay arranged overdraft interest at the rates shown in the tables below on the overdrawn balance - please note that, in these circumstances, arranged overdraft interest will be charged on your entire balance, including the amount below the interest free threshold.

Interest Free Threshold: £100

Please note: if the overdraft facility you have agreed with us is less than or equal to the thresholds shown above and you exceed your arranged overdraft facility, you will pay arranged overdraft interest at the rates shown below on the entire arranged overdraft facility.

Nominal Monthly Rate %     Nominal Annual Rate %   EAR %  
1.49 17.94   19.49
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Icon expand Arranged overdrafts, unarranged overdrafts and unpaid transactions

The charges shown in this section do not normally apply to the other accounts we offer to our current account customers. However, we sometimes allow other accounts to be operated in a way which enables the customer to give instructions for a withdrawal or other payment which cannot be met from the funds in the account. If this happens, the charges listed below under the heading Unarranged Overdraft Usage and unpaid transactions – charges will apply.

*Holders of these accounts will only pay the Unpaid Transaction Fee.

Arranged overdraft usage, Unarranged Overdraft Usage and unpaid transactions – charges:
 
Fee   Amount

 

Arranged Overdraft Usage Fee

 

 N/A

Unarranged

Overdraft Usage Fee

 

 £6 per day for Unarranged Overdraft Usage greater than £6 (subject to a maximum  of £90 in any charging  period)

 or

 £6 per day for Unarranged Overdraft Usage greater than £25 (subject to a maximum of £90 in any charging  period) if you have registered for Overdraft Control.

 

Unpaid Transaction Fee

 

 £6 for each Unpaid Item (subject to a maximum of £60 in any charging period)

 
 

How and when charges will be applied

At the end of your charging period we will pre-notify you of any charges and interest due. This will be sent with your statement. We will then debit your account automatically at close of business on the date specified within the notification. This is normally 21 days later.  

Don’t forget to have a look at our helpful tips to manage your money to help you minimise or avoid charges. 


Fee Amount
Arranged Overdraft Usage Fee £6 per month where arranged overdrafts are used by more than £10. This applies only to Select Silver, Select Accounts.
Unarranged Overdraft Usage Fee £6 per day for Unarranged Overdraft Usage greater than £6 (subject to a maximum of £90 in any charging period);
 
or
 
£6 per day for Unarranged Overdraft Usage greater than £25 (subject to a maximum of £90 in any charging period) if you have registered for Overdraft Control.
Unpaid Transaction Fee £6 for each Unpaid Item (subject to a maximum of £60 in any charging period)

 

Fee

Amount
Arranged Overdraft Usage Fee £6 per month where arranged overdrafts are used by more than £10. This applies only to Select Silver, Select Accounts.
Unarranged Overdraft Usage Fee £6 per day for Unarranged Overdraft Usage greater than £6 (subject to a maximum of £90 in any charging period);
 
or
 
£6 per day for Unarranged Overdraft Usage greater than £25 (subject to a maximum of £90 in any charging period) if you have registered for Overdraft Control.
Unpaid Transaction Fee £6 for each Unpaid Item (subject to a maximum of £60 in any charging period)
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Icon expand Charging Scenarios – developed with the Office of Fair Trading

If you use your account to make payments when:

  • you do not have enough money in your account and have not agreed a formal overdraft limit with us; or
  • the payment takes you over your arranged overdraft limit. You may have to pay charges as a result.

The table below gives some examples of our charges for making payments from your account when you haven’t got enough money.

We developed these examples with the Office of Fair Trading and leading consumer groups to help you to think about how changing the way you use your account can affect the amount we may charge you.

These examples are meant to show how different actions can result in different charges. They are only examples so you shouldn’t see them as actions you might take and charges you might have to pay.

We may not allow you to use your account in the ways shown below. You should avoid going overdrawn wherever possible and you should contact us if you need help to manage your account.

We could add other charges and interest to your account if you try to make payments when you do not have enough money. For details of all the charges and interest rates for these accounts, please refer to our terms and conditions page.

Choose an example below which shows how you might manage your current account. If you have recent bank statements, use these to help you choose. Once you have worked out reasons why you might be charged, it could help you to avoid charges in future. 

Reasons that you might be charged:                                                                                                                   Charge:

We refuse a payment from your account because there is not enough money in your account

          £6.00

A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month.

   £6.00

A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month.

   £12.00

A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month.

   £60.00

A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row.

£60.00

A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn.

   £90.00

*Account is no longer available to new customers 

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

 


We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

 

We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 



Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.



Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.



Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.



Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.



Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

 

Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

 

Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

 

Reasons that you 
might be charged
Graduate Account 
Select Account 
Select Silver 
Advantage Gold* 
Select Platinum 
Black Account 

Student Account 
Basic Account
    Charge Charge
1 We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00 £0
5 A payment from your account takes you into an unarranged overdraft. You are overdrawn for one day. However, on three more occasions during the month, a payment takes you into an unarranged overdraft. On each of these occasions you are overdrawn for three days in a row. £60.00 £0
6 A payment from your account takes you into an unarranged overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn. £90.00 £0

 

 

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00
We refuse a payment from your account because there is not enough money in your account. £6.00 £6.00
2 A payment from your account takes you into an unarranged overdraft by less than £10. You are overdrawn for one day during the month. £6.00 £0
3 A payment from your account takes you into an unarranged overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month. £12.00 £0
4 A payment from your account takes you into an unarranged overdraft, and you make nine more payments from the account while you are overdrawn. You are overdrawn for 10 days in a row during the month. £60.00

*Account is no longer available to new customers

For further information about the underlying transactions used to calculate these scenarios, please visit: www.consumerdirect.gov.uk.

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