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Overdraft support for personal current account customers

To support our customers who are using an arranged overdraft during these difficult times, we are making two important temporary concessions from 4 April 2020. These include:

  • waiving the interest on the first £500 of an arranged overdraft; and
  • delaying the introduction of the increased overdraft interest rate of 35.9%, which was due to come into effect on 4 April.

Both of these concessions are applied automatically and will end on 4 August 2020 when the normal account terms and conditions will resume. This will mean that the annual interest rate applied to overdrafts until that time will continue to be 18.9% (or 15.9% for Privilege & Privilege Premier and 9.9% for student accounts).

Find out more

Overdraft calculator

This tool will help you to understand what you’ll be charged when you use an overdraft. We’ll calculate how much interest you might pay on an arranged and/or unarranged overdraft.