Overdraft Repayments Cover

If you lose your income, the last thing you want to be worrying about is how to pay your Halifax or Bank of Scotland overdraft. Overdraft Repayments Cover (ORC) could give you peace of mind if you are out of work because you have an accident, fall ill, lose your job or become a full time carer. It could also provide help to your family if you pass away. What's more, if a claim is made on your Life or Carer Cover, we could pay off the entire overdraft limit in one lump sum payment*.

Best of all, it costs only 78p per month per £100 of overdraft cover. For example, if you have an overdraft limit of £250.00, your monthly Overdraft Repayments Cover payment is £1.95. The price is fixed and there are no additional charges or taxes.

Overdraft Repayments Cover offers the following benefits:

• Life, Accident & Sickness, Unemployment & Carer Cover
• Maximum of four monthly benefits of 25% of the overdraft limit (100% of your overdraft limit can be covered by any one claim)
• Claims are paid directly to your account to clear your outstanding overdraft, or in the event that you are not overdrawn, to do with as you wish
• Payments are backdated to the first date of your claim, once you have been unable to work due to disability for at least 15 consecutive days, or have been unemployed for at least 30 days.

Please note that you do not need to be overdrawn to make a claim. Once you have a Halifax and Bank of Scotland overdraft facility in place, you can claim on any of the product features.

*As with all insurance policies some exclusions may apply. For more information on this and eligibility requirements, please read the Policy Summary.

Overdraft Repayments Cover is underwritten by Halifax Insurance Ireland Limited, incorporated in the Republic of Ireland No. 323923 and Halifax Assurance Ireland Limited, incorporated in the Republic of Ireland No. 323922. Their registered address is Dromore House, East Park, Shannon, Co. Clare, Ireland.