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Cost Calculator

Our Cost Calculator is a helpful tool which will tell you the cost of going overdrawn on your personal current account.

Inputs for this calculator include:

  1. An overdrawn amount occurs when you want to take more money out of your current account than what is in there.

  2. An arranged overdraft limit can be 0 where you don’t want to or don’t have an arranged limit in place already or it could be an amount greater or less than the overdrawn amount above.
    If you don’t arrange an overdraft with us and take more money out of your current account than what is there then this is known as an Unarranged Overdraft.
    We may unpay direct debits / cheques and payments where you go into an Unarranged Overdraft and this means you will have to pay extra fees.

  3. The number of days in a row that you want to be overdrawn for this amount.

It’s best to agree an arranged overdraft amount with the Bank to make sure that your payments / direct debits and cheques are paid

  1. Overdraft Cost Calculator
  2. Overdraft Cost Cal Information
  3. Overlay

Cost Calculator

This tool calculates the cost of going overdrawn on your personal current account.

Tips on using our Cost Calculator

Please enter between £1 - £5000

Please enter between £0 - £5000

Please enter between 1 and 30 days

Your Summary

Calculated at 22 Mar, 2022 (9:17am)

Total cost for period

(this includes arranged & unarranged borrowing)

(included in total cost)*

*The monthly cap on unarranged overdraft charges for the current account is £90. Further detail can be found here.

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Information

This calculator tells you how much interest and charges you will pay if you go overdrawn on your current account including within an arranged overdraft or without an arranged overdraft (Unarranged overdraft). For full details of our rates and charges see our price list.

It’s best to agree an arranged overdraft amount with the Bank to make sure that your payments / direct debits and cheques are paid.

Overdraft approval is subject to your credit status. Lending Criteria terms and conditions apply.

Maximum amount of Arranged Overdraft Limit for this calculator is £5,000.

An arranged overdraft is designed for short term use, generally a relatively small amount for a few days. If you need a longer term borrowing please contact us.

The figures provided by this calculator are intended to be used as a guide only. They are based on assumptions rather than precise calculations.

The calculations reflect the current interest and charges that may apply. This pricing may change for future time periods

Check Arranged Overdraft Eligibility Tool

Tips on using our Cost Calculator

Example 1

John doesn't have an overdraft agreed with the bank and doesn’t want to request an overdraft but wants to know what it might cost to go overdrawn on his current account for £50 for 10 days in a row – He puts £50 into question 1, puts £0 into question 2 and puts 10 into question 3

Example 2

Jane has already arranged an overdraft with the Bank for £500 and wants to know what it might cost to go overdrawn on her current account within her arranged overdraft to £50 for 10 days in a row – she puts £50 into question 1, puts £500 into question 2 and puts 10 into question 3

Example 3

Sinead has already arranged an overdraft with the Bank for £500 and wants to know what it might cost to go overdrawn on her current account to an amount greater than her arranged overdraft - to £750 for 10 days – she puts £750 into question 1, puts £500 into question 2 and puts 10 into question 3

Example 4

Raj has an arranged overdraft of £200 and wants to know what it might cost to go overdrawn on his current account £500 for 5 days and then for £150 for 4 days.  Raj would do two different calculations

He puts £500 into question 1, puts £200 into question 2 and puts 5 into question 3

He puts £150 into question 1, puts £200 into question 2 and puts 4 into question 3

To get his total cost he should add the two answers together