Know:
How does knowing this help me?
- You’re charged interest on the days you use your overdraft.
- Your charges will update overnight.
- You can track how much your overdraft costs to help with decisions.
Available to mobile app customers only.
How does knowing this help me?
How does knowing this help me?
How does knowing this help me?
The 'My overdraft' feature can be found in the mobile app.
Just follow these 3 simple steps:
App available to personal and business customers aged 11+ using compatible iOS and Android devices and a UK or international mobile number in specific countries.
An arranged overdraft lets you borrow extra money through your current account. For example, if you have no money left in your account and you spend £30, your balance would be -£30. This means you’re using an overdraft.
There is no fee for having an overdraft, you simply get charged interest for how much you use and how long you use your overdraft for.
If you have an overdraft but do not use it, then you will not be charged for it.
We'll help you understand the basics of how overdrafts work.
Use our overdraft cost calculator to estimate how much interest you’d pay, based on your own circumstances and borrowing amount. The overdraft cost calculator can also be accessed via the 'My overdraft' section in the mobile app.
You can make changes to your arranged overdraft in our mobile app or via Online Banking. Here's what you need to know.