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Overdraft Calculator

How much does my overdraft cost in pounds and pence?

For Spend & Save Accounts.

As an example, if you borrow £500 it will cost you:

7 days

30 days

60 days

£3.26

£13.99

£28.07


For Spend & Save Plus accounts.

You do not pay interest on the first £100 you borrow. As an example, if you borrow £500, you will pay interest on £400 and it will cost you:

7 days

30 days

60 days

£2.61

£11.19

£22.45

We'll never charge you more than £30 each monthly billing period for unarranged overdraft interest.

 

Monthly cap on unarranged overdraft charges

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

     a) Going overdrawn when you have not arranged an overdraft

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

  2. This cap covers:

     a) Interest for going over/past your arranged overdraft limit
     b) Fees for each payment your bank allows despite lack of funds
     c) Fees for each payment your bank refuses due to lack of funds

Terms and conditions

For more information about arranged and unarranged overdraft interest and other banking fees, please see our Banking Charges Guide (PDF)

How the calculator works

  • The total monthly cost is for illustrative purposes only and based on the information you have provided. It only includes overdraft interest, other account fees may apply

  • This tool is only suitable for calculating an estimate of cost for arranged overdraft borrowing of up to £5,000 and unarranged overdraft borrowing of up to £500

  • The overdraft calculator will assume that the amount selected will be used within the same monthly billing cycle. If the amount selected will be used over more than one billing cycle further interest will apply

  • When calculating the cost related to any unarranged overdraft please enter your maximum overdraft limit and the number of days you will be at this limit. Unarranged overdrafts begin once you have used all your available overdraft limit. If you do not have an overdraft limit, or simply want to calculate unarranged overdraft charges by themselves, please enter £0 in the arranged overdraft part of this calculator

  • How much we lend you (if any) is subject to application and approval

  • Interest rates are correct as at 16/03/2020. Interest rates are variable

Who can apply?

You can apply online if:

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You're over 18 and live in the UK

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You have a TSB current account*

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You have a UK mobile phone number

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You have not been declared bankrupt, had a County Court Judgement or been subject to an individual Voluntary Arrangement in the last 6 years

You are unlikely to be approved and should not apply if:

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You've missed recent payments on any borrowing

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You receive unemployment benefits (e.g Universal Credit for unemployment)

* Excludes Under 19's account, Classic Essentials account and Cash account 

How to apply?

Have a current account with us?

How to apply?

New to TSB?

View our current accounts

Important information

TSB adheres to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board. 

TSB Bank plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland, no. SC95237.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240.

TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service.

Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Not all telephone banking services are available 24/7.

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