Add some 'wriggle room'

to your current account

The amount of your Arranged Overdraft that's interest-free reduces each year after your graduation. This is to help encourage you to pay back money you may have borrowed whilst studying. In your first year after graduation, up to £2,000 will be interest-free. In your second year after graduation, you can still have an overdraft of £2,000, but only the first £1,000 will be interest-free.

An interest-free buffer is the amount we’ll allow you to go overdrawn before the charges kick in. The interest-free buffer we give you depends on when you graduated and how long it’s been since your graduation date.

After you graduate and get a job, your current account might feel like it’s under attack, what with rent, groceries, transport and so on. Our Graduate Overdraft is here to help. It could give you a safety net until your salary is paid into your account.

What you should know

Our Graduate Overdraft is a form of debt and is repayable on demand. Always make sure you have enough money in your current account, or a suitable Graduate Overdraft limit in place before any payments are due to come out of your account.

If you go into Unarranged Overdraft, we’ll charge you an Unarranged Overdraft usage fee of £8. (The maximum we’ll charge you in a monthly charging period is £72.)

Unpaid Transaction Fee

If you're in an Unarranged Overdraft and you try to withdraw more funds, you'll also be charged an Unpaid Transaction fee of £8. (The maximum we’ll charge you in a monthly charging period is £8.)