Daily arranged overdraft interest
If you use your arranged overdraft, you’ll pay daily arranged overdraft interest for using your arranged overdraft, over your interest-free amount (if your account has one). Your interest rate is based on how you manage any accounts you have with us and on the credit information we hold about you. We will let you know your rate in the pre contract credit information we give you if you apply for an arranged overdraft.
The daily arranged overdraft interest will be charged at the end of each day you use your arranged overdraft – so you’ll pay for what you borrow on the day you borrow it.
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