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What is arranged overdraft interest?

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds for your account type, you will not pay any interest.

If the amount you overdraw under an arranged overdraft facility exceeds these thresholds, you will pay interest on the overdrawn balance. Please note that, in these circumstances, interest will be charged on your entire balance, including the amount below the interest free threshold.

To confirm the arranged overdraft interest free thresholds for your account type, please refer to our rates and charges (PDF, 817KB).

For business customers please contact your relationship management team.