Overdraft Calculator

Use this simple calculator to compare the cost of an arranged overdraft from our current accounts. Figures provided are for illustrative purposes only and based on the information you've provided. Any associated costs such as monthly current account fees are not included. FlexOne and FlexBasic current accounts are not included.

Tell us about your arranged overdraft

Cost of overdraft

FlexAccount

FlexAccount bank account
Highest cost Lowest cost £0 a month

For arranged overdrafts

  • You will be charged 18.9% EAR (variable)

You'll also get

  • No other fees or charges to worry about. Just be sure to stay within your arranged overdraft limit.

FlexAccount Arranged Overdraft Representative Example:

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

See all rates and fees

FlexDirect

FlexDirect bank account
Highest cost Lowest cost £0 a month

For arranged overdrafts

  • We’ll give you up to £10 fee free limit
  • Then we'll charge you 50p a day

You'll also get

  • No interest to pay for the first 12 months. And no other fees or charges to worry about. Just be sure to stay within your arranged overdraft limit.

FlexDirect Arranged Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the amount we will charge you is 50p per day (variable).

See all rates and fees

FlexPlus

FlexPlus bank account
Highest cost Lowest cost £0 a month

For arranged overdrafts

  • We’ll give you up to £250 fee free limit
  • Then we'll charge you 50p a day

You'll also get

  • No other fees or charges to worry about. Just be sure to stay within your arranged overdraft limit.

FlexPlus Arranged Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the amount we will charge you is 50p per day (variable).

See all rates and fees

Important information

This calculator assumes the level of arranged overdraft is constant for each overdrawn day and doesn’t include any fee free periods that may apply. The actual cost of an arranged overdraft could be lower.

Our arranged overdrafts are only open to those aged 18 or over and are subject to approval.  The costs shown only apply to an arranged overdraft. If you exceed your arranged overdraft limit then additional fees will apply. See rates and fees for further details.

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 arranged overdraft stated as a yearly rate, taking into account the compounding 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.