Your overdraft after the interest holiday

Once your arranged overdraft interest holiday ends, interest will go back to being charged at the contractual rate of 39.9% per year (variable). We'll let you know about any charges in your monthly statement. The charges will be applied to your account 28 days after the date of your statement.

To check the cost of borrowing at the usual contractual rate, use our overdraft cost calculator.

If you need more support

If you’re still experiencing financial difficulties, here are some ways we can help.

Help with managing your money

Find guidance on managing your money and ways to help you keep on top of your finances, including:

  • how to budget
  • help with essential costs
  • managing your borrowed money
  • paying essential bills and priority debts
  • contacting lenders to discuss your repayments

If you can't repay your overdraft or afford the charges

Help is available. The first step is to tell us about your financial situation (your income, outgoings and debts). Use documents like statements, bills, payslips to give us an accurate picture.

We’ll then be able to talk you through your options, such as gradually reducing your arranged overdraft limit.

If we reduce your arranged overdraft limit, this will be by an affordable, agreed amount. You won’t pay interest on your arranged overdraft during this period, which may be for up to 2 years.

Our team will discuss your individual circumstances with you to find an option that’s affordable for you. Talking to us won't impact your credit rating or appear on your credit report.

How to ask for help

Help us understand your situation

We have a few questions that’ll help us point you toward the right phone number or organisation.

If you’re just after some helpful information, visit our managing your money page.

Otherwise, let’s start with a few simple questions to understand your situation.