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

We’ve reduced the maximum amount that we’ll charge you each month for Unarranged 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:

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

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

Or, we’ve already prepared some examples of the fees you’ll pay if you use our Unarranged 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 unarranged 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 for as many of our Text Alert Services as you like, whether it’s Daily or Weekly Balance Alerts or keeping an eye on Overseas Transactions. It’s good to keep tabs on your money, so we’ll send you a text when you’re getting close to, or go over, your account limit. All of our personal current account customers are registered for Limit Alerts (except Cash and Under 19’s accounts).

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 Unarranged Overdraft. If for any reason you do go into an Unarranged Overdraft, having Control means you won’t be charged Unarranged Overdraft fees or any Returned Item Fees. But we still charge interest on any Unarranged 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 Arranged and Unarranged 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.

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

Arranged 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.

FAQ icon

Need to visit us?
Visit our FAQs

If you need help with something specific, let us know what it relates to or search a topic.

Go to help page