If you go overdrawn without an overdraft facility being in place or you exceed your overdraft facility then the following may be applicable to you. Please operate within any overdraft limit.
Unarranged overdraft
Any amount overdrawn without an arranged overdraft or in excess of your overdraft limit will be charged at a rate of 6% + the prevailing Base Rate of the currency concerned, which, for Sterling, as at 30th April 2020 is equivalent to 6.18% APR Typical (variable).
How much does my overdraft cost in pounds and pence?
Here are some examples of how much it would cost if you borrowed £500 of your agreed overdraft*:
* Subject to lending criteria
We will not provide any Arranged Overdrafts under £10,000.
CALCULATION AND APPLICATION OF INTEREST
Interest on arranged and unarranged overdrafts is calculated on a daily basis and charged monthly 14 days after the end of each month.