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.