HELP TO UNDERSTAND NEW OVERDRAFT FEES

From 2 November 2017, it'll be easier to see how much it costs when you need to use an overdraft. Here you'll find information about all the changes and what they mean for you.

What is changing

We're changing the way we charge you for using an overdraft. Now, you'll pay one daily overdraft fee based on how much of your planned overdraft you use. These changes may help you to stay on top of your money, with daily overdraft fees shown in your statement - and mobile alerts sent to your phone.

If you only need to borrow in the short-term, an overdraft could cost you less with the new fees. Click each point below to find out more.

New daily overdraft fee - 1p for every full £7 you borrow each day

Check how much your fees might be

The daily overdraft fee will be 1p for every full £7 you borrow each day. We'll round down the amount you pay fees on.


Overdraft fee calculator

You can work out how much you can expect to pay by trying our simple fee calculator. Learn how we can help you keep on top of your bank balance every day.