What is arranged overdraft interest?

What is arranged overdraft interest?

An arranged overdraft allows you to borrow more money than you have in your account, up to an agreed limit.

We will only charge interest if you use your arranged overdraft. No other fees will be charged. Our interest charge varies depending on which current account you have.

Representative 39.49% EAR (variable)

You can visit our New Overdrafts page to see a handy example of how much a £500 Overdraft would cost in Pounds and Pence per account or can use our Overdraft Cost Calculator to see how much an Overdraft would cost you based on your own circumstances.