We don’t charge an overdraft usage fee, but we will charge interest on any overdrawn amount and there are charges for returning cheques, direct debits and / or standing orders due to a lack of funds if you use an unarranged overdraft or exceed your arranged overdraft limit.
The explanation below shows the costs associated with returned items only and these charges are in addition to the interest rate charges for arranged and / or unarranged overdrafts shown in the representative examples output by the overdraft calculator.
Returned items charges:
Unpaid Cheques: £10.00 per cheque
Unpaid Direct Debits: £10.00 per item
Unpaid Standing Orders: £10.00 per item
The maximum charge for returned items per calendar month is £60 – even if the total of individual returned item charges exceeds this. This maximum charge applies to returned item charges only. This maximum charge does not include the interest rate charge for arranged and / or unarranged overdrafts. The interest rate charges are shown in the representative examples output by the Overdraft Calculator.
Please note that if you have insufficient funds to allow us to make a payment from your account then you may incur the additional charges explained above. Funds should be in your account by close of business on the previous working day to cover any regular payments due.
So please contact us on 0207 398 5400 so that we can discuss your needs.