For arranged borrowing up to £25,000: 6.28% (Variable) Representative EAR*
Lending decisions for arranged overdrafts are based on individual circumstances, so the rates we offer may vary between customers. This representative rate shows what the majority of our customers are offered.
For arranged borrowing over £25,000: Interest rates for arranged overdrafts above £25,000 are discussed upon application.
For all unarranged borrowing: 25.59% (Variable) EAR*
*EAR stands for Effective Annual Rate of Interest and shows the rate payable if you remained overdrawn for a year. It doesn’t include any other fees or charges that you may pay when using or arranging your overdraft, or take into account any future changes to the Bank of England Base Rate.
Variable means that the rate could go up or down. Your Overdraft Terms and the Overdraft Pre-Contract Information explain how we may make changes to your rate.
Interest is calculated daily and is charged on a monthly basis.
Additional overdraft fees
To apply, you and all key parties must:
Your application is subject to status. This means we’ll complete credit checks and an assessment of your financial circumstances.
We aim to give you a decision within 10 business days of the information being received. Occasionally, we may require additional information depending upon your circumstances.
Please ensure you read the important documents below and save copies of them for future reference.
To apply, you need to complete and return:
When you have completed these forms, you can send them to us by email or post.
Attach the complete forms to an email and send to firstname.lastname@example.org
This email address is to pick up lending requests only. Any emails received that do not contain a lending request, we will unfortunately be unable to respond to.
Print off and post your completed forms to:
The Co-operative Bank
P.O. Box 200
If you do post your application, we will aim to process it within 10 business days of it reaching us.
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