Features & benefits

Rates, fees & overdrafts

FlexAccount interest rates, fees and overdraft details

Main rates & fees when you are in credit

Main rates & fees when you are in credit
Interest we pay you Monthly fee
0% £0


Overdrafts are only available to those aged 18 or over subject to status and approval. When you apply for an account, we'll tell you if we can offer you an arranged overdraft. You will have 28 days' notice before we take any overdraft fees from your account.

Overdraft fees
Interest charges for arranged overdrafts Interest charges for unarranged overdrafts
18.9% EAR (variable) 1 18.9% EAR (variable) capped at £5 per month*.
+ a Paid or Unpaid transaction fee of £5 for each transaction we pay or return (bounce), capped at £45 per month*
We'll also give you a 3 month interest-free overdraft
For the first 3 months of an arranged overdraft, we won't charge you interest if you use it. Conditions apply 2
Overdraft fees or charges
If you have overdraft fees or charges on your account which you are concerned about or think may be wrong, please contact us.

FlexAccount Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the interest rate we will charge you is 18.9% EAR (variable).

For more information see our examples of current account charges
To understand more about how overdrafts work see our Understanding Overdrafts Leaflet

*The monthly cap on unarranged overdraft charges for a FlexAccount is £50. Further details can be found online at Monthly Maximum Charge (MMC)

Other charges and fees

We've shown you the main rates and fees that most people want to know above. For the full list of all our current interest rates and other fees and charges please download our latest interest rates and charges leaflet (This link will open in a new window) . For past rates and charges, see our current account support section.

To see what charges we make for payments in other currencies and using your card abroad, see our using your cards abroad section.

Important information

You need to be 18 or over to apply for a FlexAccount.

All rates and charges are subject to change and we may decide when to apply and waive any account charges.

What is EAR?
EAR stands for ‘Equivalent Annual Rate' which allows you to compare the rates offered by different providers. It's the cost of an overdraft stated as a yearly rate, taking into account the compounding rate of interest. We work out interest each day on any overdrawn amount and take it from your account monthly, giving you 28 days' notice of the amount. Any interest charged is added to the balance outstanding.

1 If we make a change to these charges we'll notify you 7 days in advance if the change is to your disadvantage. If the change is to your advantage we may make it immediately.

2 To be eligible for the 3 month interest free overdraft, when you open your new FlexAccount, you must switch your existing current account to us, including closing your old account and moving all your Direct Debits or standing orders. If you don’t use our Current Account Switch Team to transfer your Direct Debits or standing orders, or if you don’t have any Direct Debits or standing orders to transfer, you will not qualify for this offer. More on switching

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Not living in the UK?

If you live in a country that's part of the European Union (EU) or European Economic Area (EEA), you can apply for one of our current accounts.

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Managing your account

How to apply