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Overdrafts aren’t appropriate long-lasting borrowing and in most cases lead to interest.

Overdrafts aren’t appropriate long-lasting borrowing and in most cases lead to interest.

You can later ask us to increase, reduce or remove your limit at any time online, by phone or in a branch if you take an arranged overdraft.

If you end your overdraft you’ll have to settle any amount that is overdrawn any interest owed. You bring your borrowing down within the new limit if you want to reduce your limit, you’ll first need to make sure.

To learn more, check out our overdrafts web web web page to purchase away if you’re eligible and overdraft price calculator.

Overdraft fees

When you start your account, you’ll have the choice of getting an arranged overdraft. You are able to set your arranged overdraft limitation to virtually any quantity as much as the utmost offered.

Initial ВЈ25 is interest free. What you borrow above that but inside your arranged or overdraft that is unarranged is likely to be charged interest at 39.9per cent EAR. 7

The cap that is monthly unarranged overdraft interest is ВЈ20.

Some tools are had by us to allow you to avoid exceeding your arranged overdraft. So long as you’ve offered us your mobile quantity, we will give you a text alert in case a re re re payment will probably simply just take you into an unarranged overdraft. We will additionally deliver that you text alert if there was money that is n’t enough in your account which will make a repayment.

Representative instance: 0% EAR adjustable regarding the very first ВЈ25, 39.9% EAR adjustable on anything above that, offering a representative price of 38.9per cent APR adjustable (assumed arranged overdraft ВЈ1,200).