Packaged bank account

To apply for an overdraft you need to be:

• 18 or over

• A UK resident

• Employed, self-employed, retired or medically retired.

Approval is based on a credit check, an assessment of your personal circumstances and is subject to status.

If you wish to switch an account to us and an overdraft forms part of your decision to do so, please wait for confirmation of your overdraft before making an application to switch.

About unarranged overdrafts

If you go over your arranged overdraft limit (or if your account balance falls below £0 without an arranged overdraft in place), you'll go into an unarranged overdraft. When you’re in an unarranged overdraft:

• you’ll be charged debit interest

• further payments might be refused

How overdrafts affect your credit reference file

Any type of borrowing shows on your credit file. However, an unarranged overdraft shows as arrears which can negatively impact your credit file and may make it harder for you to obtain credit in the future.

Overdraft charges

You will be charged debit interest when you enter into an arranged and/or unarranged overdraft at an annual interest rate of 35.9% variable.

Check your eligibility for an overdraft

You can check if you are likely to get accepted for an overdraft using our eligibility checker.

Calculate how much an overdraft will cost

Calculate the cost of an overdraft based on how you might use it with our overdraft calculator.

Change your overdraft limit

You can find out how to apply for a higher or request a lower arranged overdraft limit. You must make regular payments into your account to reduce the amount you owe.

To remove an existing arranged overdraft, contact us.

Set up overdraft text alerts

To help manage your money and avoid/minimise debit interest you might pay, we send overdraft text alerts if you go into or you're about to go into an arranged or unarranged overdraft. We will also send alerts if you have payments due that may not be paid.

As long as we have your mobile number, you'll be automatically opted in for overdraft text alerts. You can opt out of arranged and/or unarranged overdraft alerts at any time by contacting us.

More information on overdraft text alerts

We have a £60 cap on interest for any type of overdraft (arranged overdraft or unarranged overdraft) in one charging period. This is the maximum you will ever pay for using an overdraft per charging period.

The monthly cap refers to the charges applied in a charging period not a calendar month. Please refer to the Account Charges Leaflet (PDF) for details of the charging periods.

Below is a standard definition to allow you to compare unarranged overdraft charges across different providers. Fees are included in the comparison, but we choose not to charge you fees for payments where you have a lack of funds.

1. Each current account will set a monthly maximum charge for:

   a) going overdrawn when you have not arranged an overdraft; or

   b) going over or past your arranged overdraft limit (if you have one).

2. This cap covers any:

   a) interest and fees for going over or past your arranged overdraft limit;

   b) fees for each payment your bank allows despite lack of funds; and

   c) fees for each payment your bank refuses due to lack of funds.

Other charges that may be made as part of this account include for:

• foreign transaction services, such as using your debit card abroad

• electronic payments, such as CHAPS

• other services, such as copies of your statement.

Please refer to the Account Charges Leaflet (PDF) for details.