Compare Overdraft costs | Royal Bank of Scotland - current accounts

Understand and compare Arranged Overdraft Costs
Woman checking her overdraft costs

If you use your Arranged Overdraft you will have to pay interest and fees, this will depend on your current account type. 

Select your account type below to get information on the cost of an Arranged Overdraft for your account type:

What is an Unarranged Overdraft?

When you spend more money than you have in your current account and haven't agreed an Arranged Overdraft limit beforehand, or gone over your existing Arranged Overdraft.

What are the fees that I would be charged for using an Unarranged Overdraft?

There are two types of fees you may be charged if you enter an Unarranged Overdraft:

Unarranged Overdraft Usage Fee

This is a daily fee Royal Bank of Scotland charge if you use an Unarranged Overdraft by more than a certain amount, that amount is typically £10.

Unpaid Transaction Fee

Royal Bank of Scotland may decide not to pay some transactions if you are already in an Unarranged Overdraft, or, if the outgoing transactions would make you enter an Unarranged Overdraft.

We won’t charge you more than £80 in a monthly charging period for an unarranged overdraft or any unpaid transactions.

Unarranged borrowing fees explained

Fee Amount  Maximum number of fees per charging period 
Unarranged Overdraft Usage Fee (for Unarranged Overdrafts of more than £10) £8 per day 9
Unpaid Transaction Fee  £8  1
Monthly Maximum Charge £80  


More on the Monthly Maximum Charge

Monthly cap on unarranged overdraft charges

1. Each current account will set a monthly maximum charge for:

  • going overdrawn when you have not arranged an overdraft; or
  • going over/past your arranged overdraft limit (if you have one).

2. This cap covers any:

  • interest and fees for going over/past your arranged overdraft limit;
  • fees for each payment your bank allows despite lack of funds; and
  • fees for each payment your bank refuses due to lack of funds. 
This is a standard definition of the monthly maximum charge but please note that we don’t charge unarranged overdraft interest.

Buffer limit or interest free threshold

Some of our current accounts have a buffer limit, or an interest free threshold

If you stay within the limit for your account type below you won't pay interest or fees.  


Type of Account  Interest free threshold
Black Account, Reward Black £500
Select Platinum Account, Reward Platinum £250
Select Account, Reward, Select Silver & Reward Silver £10
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