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Overdraft

£250 of your overdraft interest-free

Too much month left at the end of your money?

  • an offer of at least a £500 arranged overdraft (subject to status)
  • no interest charges on the first £250 of your arranged overdraft and 15.9% EAR variable on anything above £250 (subject to status)
  • we will send you text messages to alert you about going over your arranged limit and being charged.

Representative example

0% EAR variable on the first £250. 15.9% EAR variable on anything above £250 (assumed arranged overdraft £1,200).

Overdraft overview

An overdraft can be used to borrow money on your current account and can help in months where there are unplanned events. Overdrafts are not suitable for long term borrowing and will typically result in you being charged interest or other charges.

An arranged overdraft is where we agree an overdraft limit with you. You can apply for an arranged overdraft up to £500 online, if you’d like a higher limit just give us a call when your 1st Account is open. We share information about how you use your account with credit reference agencies.

An unarranged request is when you authorise a payment that would take your account overdrawn or beyond your arranged limit without agreeing in advance an overdraft to cover it. We’ll always consider an unarranged request and will make the payment if we can, subject to status. An unarranged overdraft may incur higher fees than an arranged one and result in declined transactions. If you are in your unarranged overdraft for greater than 30 days this could have an impact on your credit file.

Use our Eligibility Checker and Cost Calculator (below) to find out more about our overdraft service before applying for or changing an arranged overdraft.

You have 14 days to cancel an overdraft agreement beginning on the day we provided the overdraft or on the day you have received our letter, whichever is later.

You can also ask us to reduce or remove your arranged overdraft limit at any time by calling us on 03 456 100 100. You’ll have to repay any overdrawn amount plus any interest for the period you’ve had it. 

Overdraft Cost Calculator

up to £

250

 0% EAR variable

15.9

% EAR variable

£

5

each day

£

80

£

£

Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.

days

250
0

£

0

Cost breakdown

£

0

£

0

£

0

£

0
0
80

formulas

{"id":"l_is_OD_250_plus","unitAppendPrepend":"left","formula":"a\u003c251","formulaType":"logical","args":[{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"a"}],"output":"fee_free","thenFormula":"arranged_od_limit","elseFormula":"maximum_fee_free_amount"}
{"id":"l_total_od_greater_than_arranged","unitAppendPrepend":"left","formula":"a\u003eb","formulaType":"logical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"thenFormula":"f_amount_chargeable_under_arragement_2","elseFormula":"f_amount_chargeable_under_arragement"}
{"id":"f_amount_chargeable_under_arragement_2","unitAppendPrepend":"left","formula":"a-b","formulaType":"arithmetical","args":[{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"a"},{"id":"fee_free","prependText":"\u003cp\u003eup to\u0026nbsp;£\u003c/p\u003e\r\n","appendText":"\u003cp\u003e 0% EAR variable\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\r\n\r\n","value":"250","hidden":false,"help":"The calculator is set to accommodate the fact that the first £250 of the 1st Account arranged overdraft is interest free - (0% EAR variable).","isRequired":false,"numericOnly":false,"css":"p","alias":"b"}],"output":"amount_chargeable_under_arranged_od_interest_rate"}
{"id":"f_amount_chargeable_under_arragement","unitAppendPrepend":"left","formula":"a-b","formulaType":"arithmetical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"fee_free","prependText":"\u003cp\u003eup to\u0026nbsp;£\u003c/p\u003e\r\n","appendText":"\u003cp\u003e 0% EAR variable\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\r\n\r\n","value":"250","hidden":false,"help":"The calculator is set to accommodate the fact that the first £250 of the 1st Account arranged overdraft is interest free - (0% EAR variable).","isRequired":false,"numericOnly":false,"css":"p","alias":"b"}],"output":"amount_chargeable_under_arranged_od_interest_rate"}
{"id":"l_is_total_od_over_fee_free","unitAppendPrepend":"left","formula":"a\u003e0","formulaType":"logical","args":[{"id":"amount_chargeable_under_arranged_od_interest_rate","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":true,"isRequired":false,"numericOnly":false,"css":"table","alias":"a"}],"output":"amount_chargeable_under_arranged_od_interest_rate","elseFormula":"helper_0"}
{"id":"f_interest_on_arranged_od","unitAppendPrepend":"left","formula":"floor(a*0.1485/365*b)","formulaType":"arithmetical","args":[{"id":"amount_chargeable_under_arranged_od_interest_rate","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":true,"isRequired":false,"numericOnly":false,"css":"table","alias":"a"},{"id":"days_overdrawn","appendText":"\u003cp\u003edays\u003cbr\u003e\r\n\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the number of days you\u0027ll be overdrawn by this amount","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"1","maxValue":"31","rangeFailedMsg":"Please enter an amount of days between 1 and 31","rangeFailedMsgMax":"We can calculate the cost of your overdraft for a maximum of 31 days.","regexFailMsg":"Please only use numbers to enter the number of days you\u0027ll be overdrawn by this amount","css":"p","alias":"b"}],"output":"arranged_overdraft_percent_fee"}
{"id":"l_isTotal_od_over_arranged_amount","unitAppendPrepend":"left","formula":"a\u003eb+10","formulaType":"logical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"output":"unarranged_overdraft_5_fee","thenFormula":"overdraft_fee_switch","elseFormula":"helper_0"}
{"id":"overdraft_fee_switch","unitAppendPrepend":"left","formula":"a-b\u003cc*d","formulaType":"logical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"},{"id":"Unarranged_od_charge","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","appendText":"\u003cp\u003eeach day\u003cbr\u003e\r\n\u003c/p\u003e\r\n","value":"5","hidden":false,"help":"We won\u0027t charge interest on any unarranged balances but fees will apply. Interest is calculated daily and will usually come out of your account once a month. We\u0027ll give you at least 14 days\u0027 notice before any overdraft interest or charges come out of your account.","isRequired":false,"numericOnly":false,"css":"p","alias":"c"},{"id":"days_overdrawn","appendText":"\u003cp\u003edays\u003cbr\u003e\r\n\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the number of days you\u0027ll be overdrawn by this amount","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"1","maxValue":"31","rangeFailedMsg":"Please enter an amount of days between 1 and 31","rangeFailedMsgMax":"We can calculate the cost of your overdraft for a maximum of 31 days.","regexFailMsg":"Please only use numbers to enter the number of days you\u0027ll be overdrawn by this amount","css":"p","alias":"d"}],"thenFormula":"overdraft_difference","elseFormula":"f_Overlimit_penalty_charge"}
{"id":"overdraft_difference","unitAppendPrepend":"left","formula":"a-b","formulaType":"arithmetical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"output":"unarranged_overdraft_5_fee"}
{"id":"f_Overlimit_penalty_charge","unitAppendPrepend":"left","formula":"a*b","formulaType":"arithmetical","args":[{"id":"days_overdrawn","appendText":"\u003cp\u003edays\u003cbr\u003e\r\n\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the number of days you\u0027ll be overdrawn by this amount","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"1","maxValue":"31","rangeFailedMsg":"Please enter an amount of days between 1 and 31","rangeFailedMsgMax":"We can calculate the cost of your overdraft for a maximum of 31 days.","regexFailMsg":"Please only use numbers to enter the number of days you\u0027ll be overdrawn by this amount","css":"p","alias":"a"},{"id":"Unarranged_od_charge","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","appendText":"\u003cp\u003eeach day\u003cbr\u003e\r\n\u003c/p\u003e\r\n","value":"5","hidden":false,"help":"We won\u0027t charge interest on any unarranged balances but fees will apply. Interest is calculated daily and will usually come out of your account once a month. We\u0027ll give you at least 14 days\u0027 notice before any overdraft interest or charges come out of your account.","isRequired":false,"numericOnly":false,"css":"p","alias":"b"}],"output":"unarranged_overdraft_5_fee"}
{"id":"l_isTotal_od_over_arranged_amount_2","unitAppendPrepend":"left","formula":"a\u003eb+10","formulaType":"logical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"output":"unarranged_overdraft_5_fee","elseFormula":"helper_0"}
{"id":"l_cap_to_80","unitAppendPrepend":"left","formula":"a\u003e80","formulaType":"logical","args":[{"id":"unarranged_overdraft_5_fee","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":false,"numericOnly":false,"css":"table","alias":"a"}],"output":"unarranged_overdraft_5_fee","thenFormula":"helper_cap"}
{"id":"usage_fee_zero_in_arranged","unitAppendPrepend":"left","formula":"a\u003cb+1","formulaType":"logical","args":[{"id":"overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"requiredMsg":"Please enter the total overdrawn amount.","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0.01","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"arranged_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n\r\n\r\n\r\n\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"output":"unarranged_overdraft_5_fee","thenFormula":"helper_0"}
{"id":"f_total_charges","unitAppendPrepend":"left","formula":"floor(a+b)","formulaType":"arithmetical","args":[{"id":"arranged_overdraft_percent_fee","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":false,"numericOnly":false,"css":"table","alias":"a"},{"id":"unarranged_overdraft_5_fee","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":false,"numericOnly":false,"css":"table","alias":"b"}],"output":"total"}
{"id":"mirror_intrest_free_amount","unitAppendPrepend":"left","formula":"a","formulaType":"arithmetical","args":[{"id":"fee_free","prependText":"\u003cp\u003eup to\u0026nbsp;£\u003c/p\u003e\r\n","appendText":"\u003cp\u003e 0% EAR variable\u003cbr /\u003e\r\n\u003c/p\u003e\r\n\r\n\r\n","value":"250","hidden":false,"help":"The calculator is set to accommodate the fact that the first £250 of the 1st Account arranged overdraft is interest free - (0% EAR variable).","isRequired":false,"numericOnly":false,"css":"p","alias":"a"}],"output":"arranged_interest_free_amount"}

%

0

%

£

5

each day

£

80

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£

Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.

days

£

0

Cost breakdown

0

£

0
0
80
0
0
0

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The calculation is based on the values you have input above.

formulas

{"id":"m_mortgage_rate_percent","unitAppendPrepend":"left","formula":"a/100","formulaType":"arithmetical","args":[{"id":"m_mortgage_rate","appendText":"\u003cp\u003e%\u003c/p\u003e\r\n","value":"0","hidden":false,"help":"To find your mortgage interest rate, you\u0027ll need to check your most recent mortgage communication from us, either an annual mortgage statement, or a letter letting you know about a rate change.","isRequired":true,"requiredMsg":"Please enter your offset mortgage rate (%)","numericOnly":true,"regex":"^\\d*\\.?\\d{1,2}$","minValue":"0.01","maxValue":"20","rangeFailedMsg":"Please enter your offset mortgage rate (%)","rangeFailedMsgMax":"Please enter your offset mortgage rate (%)","regexFailMsg":"Please only use numbers and a decimal point to enter your offset mortgage rate","css":"p","alias":"a"}],"output":"m_mtg_rate_div"}
{"id":"m_is_charged_arranged_fee","unitAppendPrepend":"left","formula":"a\u003eb","formulaType":"logical","args":[{"id":"m_overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"numericOnly":true,"regex":"^\\d{1,6}$","minValue":"001","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"m_arrange_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"output":"m_amount_chargable_under_arranged_od_interest_rate","thenFormula":"m_arrange_od_limit","elseFormula":"m_overdrawn_amount"}
{"id":"f_m_interest_on_arranged_od","unitAppendPrepend":"left","formula":"floor(a*c/365*b)","formulaType":"arithmetical","args":[{"id":"m_amount_chargable_under_arranged_od_interest_rate","value":"0","hidden":true,"isRequired":false,"numericOnly":false,"css":"p","alias":"a"},{"id":"m_days_overdrawn","appendText":"\u003cp\u003edays\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"numericOnly":true,"regex":"^\\d{1,6}$","minValue":"1","maxValue":"31","rangeFailedMsg":"Please enter an amount of days between 1 and 31","rangeFailedMsgMax":"We can calculate the cost of your overdraft for a maximum of 31 days. ","regexFailMsg":"Please only use numbers to enter the number of days you\u0027ll be overdrawn by this amount","css":"p","alias":"b"},{"id":"m_mtg_rate_div","value":"0","hidden":true,"isRequired":false,"numericOnly":false,"css":"p","alias":"c"}],"output":"m_arranged_overdraft_percent_fee"}
{"id":"m_5_daily_charge","unitAppendPrepend":"left","formula":"a\u003eb+10","formulaType":"logical","args":[{"id":"m_overdrawn_amount","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"isRequired":true,"numericOnly":true,"regex":"^\\d{1,6}$","minValue":"001","maxValue":"6000","rangeFailedMsg":"Please enter an amount above £0","rangeFailedMsgMax":"Please enter an amount between £1 and £6000.","regexFailMsg":"Please only use numbers to enter your overdrawn amount","css":"p","alias":"a"},{"id":"m_arrange_od_limit","prependText":"\u003cp\u003e£\u003c/p\u003e\r\n","value":"0","hidden":false,"help":"To find your current Arranged Overdraft Limit please check your account on your Mobile App, Online Banking or a recent statement.","isRequired":true,"requiredMsg":"Please enter the amount of your arranged overdraft limit","numericOnly":true,"regex":"^\\d{1,6}$","minValue":"0","maxValue":"5000","rangeFailedMsg":"Overdraft limits are set in £50 increments. Please enter a minimum limit of £50.","rangeFailedMsgMax":"Please enter an amount less than £5000","regexFailMsg":"Please only use numbers to enter your agreed overdraft limit","css":"p","round":"50","roundUpOrDown":"down","afterRoundup":"Overdraft limits are set in £50 increments. The calculator has rounded down the amount you entered to the nearest £50.","alias":"b"}],"output":"m_unarranged_od_chargeable","thenFormula":"f_m_overlimit_penatly_charge","elseFormula":"m_helper_zero"}
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The figures in this tool are to give you a good indication, any overdraft limit you require will need to be agreed with us. Your overdraft limit and actual interest rates and charges will depend on your individual situation.

Our calculator uses a few assumptions to calculate the results. You can see these in detail at the bottom of the page.

Because an overdraft is for short term borrowing there could be other, cheaper options. You can call us on 03 456 100 100 if you'd like more information.

Overdraft Eligibility Tool

You can use our Eligibility Checker to get an indication of whether or not you'll be accepted for an overdraft.

Capped fees if you do go over your limit

We may charge an overdraft fee for using any unarranged overdraft capacity (exceeding our £10 buffer). However, we will never charge more than £80 in daily fees in a charging month. You can find out more on our overdraft fees page.

If you sign up for our text alerts we'll give you a chance to get back into your limit before we charge you (until 11.45pm on the day you go into an unarranged overdraft).

The monthly cap on unarranged overdraft charges for your 1st Account is £80.

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

(a) going overdrawn when you have not arranged an overdraft; or

(b) going over/past your arranged overdraft limit (if you have one).

2. This cap covers any:

(a) interest and fees for going over/past your arranged overdraft limit;

(b) fees for each payment your bank allows despite lack of funds; and

(c) fees for each payment your bank refuses due to lack of funds.

If your account is linked to an Offset Mortgage, interest on your arranged overdraft balance will be charged at your mortgage rate. Visit our charges page for more information about overdraft fees.

No overdraft interest charges on the first £250 of your arranged overdraft (subject to status)

You'll only be charged interest on any arranged balance if you're overdrawn by more than £250.

£10 buffer to help avoid unarranged overdraft fees

If you exceed your overdraft limit by £10 or less, you won't be charged a fee.

Text alerts to help avoid charges

Don’t worry we won’t use text speak – and definitely no emoji's.

From 17 November 2019, we’ve introduced new arranged overdraft text alerts. If you haven’t opted out of these alerts, we’ll text to let you know if you’re using or are about to use your overdraft. We’ll also let you know the following day if you’ll be charged overdraft interest.

In addition, we’ll also send you text alerts if your account balance goes over its arranged overdraft limit (an ‘unarranged’ overdraft).

The text alerts are sent to give you time to pay money (not a cheque) into your account before the end of the day - by 11.45pm. We hope this will help you avoid having to pay overdraft interest.

You can choose to opt out of receiving these alerts at any time by sending a secure message via Online Banking or calling us on 03 456 100 100.

How your available balance is displayed from 24 November 2019

Your ‘available’ balance includes the amount of cleared funds in your account (if any). It excludes pending payments such as Direct Debits. It also doesn’t include your arranged overdraft limit (if you have one).

Your ‘available’ balance might also include cheques, it’s important to note cheques take two working days to clear as long as it is deposited by the cut off time. The funds will appear in your account by 23:59 the working day after but is often earlier.

If a cheque to your account was returned by the end of the second working day, first direct would then debit the amount from your account. You will be responsible for the repayment of any overdrawn balance and arranged overdraft set up fees that result. See our Account Terms and Conditions for more information.

Here’s an example of how the new ‘available’ balance will look from 24 November, compared to how it looked before.

Examples Before 24 November 2019 After 24 November 2019
Credit Balance Example Balance:£300
Arranged Overdraft:£500
Available balance:£800
Balance:£300
Arranged Overdraft:£500
Available balance:£300
Debit Balance Example Balance:£-200
Arranged Overdraft:£500
Available balance:£300
Balance:£-200
Arranged Overdraft:£500
Available balance:£-200

Overdrafts explained - FAQs

How to get an overdraft with us

New to first direct

You'll need to open a Current Account with us.

If you're over 18, a UK resident, haven't been declared bankrupt or registered for an Individual Voluntary Agreement in the last six years (or be in the process of doing so), and have a phone number and email address we can contact you with, we'd love to welcome you.


Existing Customers

Talk to us about reviewing your overdraft facility. Give us a call on 03 456 100 100.

 

 

The results of the calculator use these assumptions:

  1. The amount borrowed is taken in full at noon on the date of the calculation.
  2. The number of days overdrawn is a continuous period.
  3. At the time you take the money the balance of your current account is £0.
  4. No other credits or debits will be added to the account during the period.
  5. The outstanding balance will be repaid in full on the last day of the borrowing period, before 11.45pm.
  6. The interest rate used for the calculation will be the same for the whole period. If there happens to be a planned rate change during the period you specified the calculation will reflect that.
  7. The calculator doesn’t take into account any fees or interest you may have already incurred since your last statement.
  8. There won’t be any changes to your overdraft limit during the calculation period.