Helping you understand

Overdrafts

We will charge you a daily fee of £8 if you use an Unarranged Overdraft. We will only charge this fee if you are overdrawn by more than £10 at close of business. We will continue to charge you for each day that you remain overdrawn. 

We won't charge you more than £80 in a monthly charging period for an Unnarranged Overdraft or any Unpaid Transaction. 

We will charge you £8 for every transaction that we return unpaid.
We will return a transaction (e.g. a direct debit) if:

• there is not enough money in your current account
• you don't have enough remaining overdraft to make the payment 
• we decide in our discretion not to make the payment

We won’t charge you more than £80 in a monthly charging period for an Unarranged Overdraft or any Unpaid Transaction.

We won't charge more than £80 in a charging period for an Unarranged Overdraft or Unpaid Transactions.

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. What does this cap cover?

• 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 interest on Unarranged Overdrafts.