Overdrafts.

Our clear, simple and fair overdraft puts you in control

  • Daily fees of just 1p per £7 borrowed
  • No other overdraft or missed payment fees
  • Free mobile alerts to avoid any surprises
  • Instant decision when you apply online

Apply for an overdraft

We offer an instant online decision and the application won't have an impact on your credit score.

Apply now


Manage your existing overdraft

Apply online to increase, decrease or cancel your planned overdraft at any time. This won't have an impact on your credit score.

Manage now


Don't have a bank account with us yet

We offer a range of bank accounts to suit different needs.

Compare our bank accounts

What is an overdraft?

An overdraft is a great way to borrow money on your bank account in the short term, giving a handy safety net for those unexpected bills and payments, forgotten direct debits, or when you just need a bit more to last you until payday.

How much do overdrafts cost?

Only pay a daily fee of 1p for every £7 you borrow, charged at the end of each day you use your overdraft. If you go overdrawn by less than £7, there’s no fee to pay.

No other fees

If you miss a payment or go over your limit, we will not charge any additional fees on top of the daily fee.

Mobile alert service to help you track your balance

Our mobile alert service warns you when you get close to using your overdraft, or near your agreed overdraft limit.

Fee free amounts on selected accounts

An account overdrawn by £500 over the fee-free amount (or with no fee-free amount) would pay a fee of 71p per day. Calculated at 500 divided by 7 = 71, equal to 71p per day.

Our Ultimate Reward Current Account includes a £300 fee-free limit, allowing you to go overdrawn up to that limit without having to pay any daily fees.

For example - If you used £500 of your available overdraft, you would only pay a fee of 28p per day.

Our Student Current Account comes with a fee-free overdraft limit of up to £1,500.

Keep in mind

To get an overdraft, you need to pay in your salary or other regular funds into your bank account.

  • If you reach your agreed overdraft limit you may not be able to make any more payments, and the supplier may charge you.
  • You must be aged 18 or over to apply.
  • Overdrafts are offered subject to status, and are repayable on demand including any fees.

Other borrowing options:

Overdrafts are intended for short term borrowing on your bank account. For longer term borrowing, other borrowing options may be more suitable.