We’ve reduced our maximum monthly charge for your Unplanned Overdraft and Returned Item Fees.

We’ve reduced the maximum amount that we’ll charge you each month for Unplanned Overdraft and Returned Item Fees. What this means is that we’ll never charge you more than £80 in each monthly billing period for the total of all these fees:

  • Unplanned Overdraft Daily Usage Fees
  • Unplanned Overdraft Monthly Usage Fee
  • Unplanned Overdraft Interest
  • Returned Item Fees

Details of all our fees and charges can be found in our Banking Charges Guide (PDF)

If you’d like to see how much an overdraft will cost you, our handy Overdraft Calculator will work out the charge for you. Overdraft Calculator

Or, we’ve already prepared some examples of the fees you’ll pay if you use our Unplanned Overdraft service, which you’ll find here. Some fees explained (PDF)

What we need to tell you

To make comparing bank products easier for you, banks are setting a maximum monthly charge for unplanned borrowing fees. Each bank may charge different fees, but all banks are explaining it the same way, with the same wording.

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 and fees 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.

Ways we can help you manage your money

We have lots of ways to help you stay on top of your money, such as Internet, Mobile and Telephone Banking – you can check your balance and move money quickly in a way that’s easiest for you. You can find out more at tsb.co.uk/help/ways-to-bank.

Text alerts are another useful way to keep track of your balance - you can register below and get alerts sent to your mobile when you’re getting close to your limit to help reduce overdraft fees and charges.

Register for text alerts

You might also find our Control service useful as it’s something that we can put onto your account to help stop you from going into an Unplanned Overdraft. If for any reason you do go into an Unplanned Overdraft, having Control means you won’t be charged Unplanned Overdraft fees or any Returned Item Fees. But we still charge interest on any Unplanned Overdraft balance over £10. The monthly cost of having the Control service is £10. Control is only available on Classic and Classic Plus accounts.

About Control

Our Grace Period means that you have until 10pm (UK time) to pay enough money into your account to avoid any Planned and Unplanned Overdraft fees and interest that we may charge that day.

Our Retry Period means that if you don't have enough money in your account to allow us to pay Direct Debits, cheques, standing orders and future dated payments, we'll give you some extra time to pay in money.

A Planned Overdraft is an overdraft up to an agreed limit, which you arrange with us in advance. More information on Planned Overdrafts can be found here

Planned Overdrafts

You can also apply for an overdraft

Apply for an overdraft

All overdrafts are subject to application and approval and are repayable on demand. This means that we can ask you to repay all or some of your overdraft at any time. How much we lend depends on our assessment of your personal circumstances. You must be 18 or over to have an overdraft.

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Bank over the phone 24/7 using our automated service - call 03459 758 758.

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