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There are two different types of overdraft:

• An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you. An arranged overdraft fee is not applicable to Student overdrafts.
• An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit.

Both types of overdrafts can cost you money in fees, but an unarranged overdraft will cost you more and might result in payments such as household bills being rejected.

More about Overdrafts

This account offers an Overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool. 

You can also use our cost calculator to see how much an overdraft may cost you to use.

If you don't pay it back, it could have an impact on your credit score and could result in household bills being rejected.

Between 27 March and 2 April 2020, we will:

Remove the £6 Arranged Overdraft Usage Fee;

Remove interest free buffers on arranged overdrafts;

Increase arranged overdraft interest rates;

Remove the £8 Unarranged Overdraft Usage Fee; and

Introduce unarranged overdraft interest.

The changes vary depending on the account you have with us. You can find out more by visiting our overdraft pricing changes hub.

What you should know

Full details of these changes and other changes we’re making on 27 March 2020 will be provided to you as part of the application process.