Overdraft Calculator

We’re making changes to FlexPlus, FlexDirect and FlexAccount
As part of these changes, we’re moving to a single arranged overdraft rate for all three accounts. We’re also making changes to FlexPlus features and insurances. Find out what the changes mean for you and print your copy.

Tell us about your overdraft

Choose your Nationwide account

Cost of overdraft

Our overdrafts are changing on the 11 November 2019, use the toggle to see overdraft costs before and after they change.

FlexAccount

Before 11 November 2019

FlexAccount bank account
For arranged overdrafts of for a month Arranged overdraft charges £0 a month

For arranged overdrafts

  • You will be charged 18.9% EAR (variable)

For unarranged overdrafts

  • An unarranged overdraft is where you go over your arranged overdraft limit. Or fall below a £0 balance without an arranged overdraft in place.
  • You'll be charged 18.9% EAR (variable), capped at £5 per month
  • Plus, a fee of £5 for each transaction we pay or return, capped at £45 per month.

You'll also get

  • There are no overdraft offers for FlexAccount

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).

FlexAccount

After 11 November 2019

FlexAccount bank account
For arranged overdrafts of for a month Arranged overdraft charges £0 a month

For arranged overdrafts

  • You will be charged 39.9% EAR (variable)

For unarranged overdrafts

  • An unarranged overdraft is where you go over your arranged overdraft limit. Or fall below a £0 balance without an arranged overdraft in place.
  • We’re removing unarranged overdrafts and their fees
  • If you fall into an unarranged overdraft because we’re unable to stop a payment, you won’t be charged. But you’ll need to bring your account back within your limit to use it again.

You'll also get

  • There are no overdraft offers for FlexAccount

FlexAccount Arranged Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the interest rate we will charge you is 39.9% APR (variable).

FlexDirect

Before 11 November 2019

FlexDirect bank account
For arranged overdrafts of for a month Arranged overdraft charges £0 a month

For arranged overdrafts

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

For unarranged overdrafts

  • An unarranged overdraft is where you go over your arranged overdraft limit. Or fall below a £0 balance without an arranged overdraft in place.
  • You'll be charged 50p a day for balances up to £10
  • You'll be charged £5 per day for balances over £10, capped at £35 per month
  • Plus, a fee of £5 for each transaction we pay or return, capped at £15 per month.

You'll also get

  • No fees on arranged overdrafts for the first 12 months

FlexDirect Arranged Overdraft Representative Example:

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

FlexDirect

After 11 November 2019

FlexDirect bank account
For arranged overdrafts of for a month Arranged overdraft charges £0 a month

For arranged overdrafts

  • You will be charged 39.9% EAR (variable)
  • The £10 fee-free buffer is being removed

For unarranged overdrafts

  • An unarranged overdraft is where you go over your arranged overdraft limit. Or fall below a £0 balance without an arranged overdraft in place.
  • We’re removing unarranged overdrafts and their fees
  • If you fall into an unarranged overdraft because we’re unable to stop a payment, you won’t be charged. But you’ll need to bring your account back within your limit to use it again.

You'll also get

  • No fees on arranged overdrafts for the first 12 months

FlexDirect Arranged Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the interest rate we will charge you is 39.9% APR (variable).

FlexPlus

Before 11 November 2019

FlexPlus bank account
For arranged overdrafts of for a month Arranged overdraft charges £0 a month

For arranged overdrafts

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

For unarranged overdrafts

  • An unarranged overdraft is where you go over your arranged overdraft limit. Or fall below a £0 balance without an arranged overdraft in place.
  • You'll be charged 50p a day for balances up to £10
  • You'll be charged £5 per day for balances over £10, capped at £50 per month

You'll also get

  • There are no overdraft offers for FlexPlus

FlexPlus Arranged Overdraft Representative Example:

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

FlexPlus

After 11 November 2019

FlexPlus bank account
For arranged overdrafts of for a month Arranged overdraft charges £0 a month

For arranged overdrafts

  • You will be charged 39.9% EAR (variable)
  • The £250 fee-free buffer is being removed

For unarranged overdrafts

  • An unarranged overdraft is where you go over your arranged overdraft limit. Or fall below a £0 balance without an arranged overdraft in place.
  • We’re removing unarranged overdrafts and their fees
  • If you fall into an unarranged overdraft because we’re unable to stop a payment, you won’t be charged. But you’ll need to bring your account back within your limit to use it again.

You'll also get

  • There are no overdraft offers for FlexPlus

FlexPlus Arranged Overdraft Representative Example:

If you use an arranged overdraft of £1,200 the interest rate we will charge you is 39.9% APR (variable).

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 APR?

APR stands for Annual Percentage Rate. It includes all the costs of borrowing such as certain account fees and promotional rates. It's for comparing costs between different products and providers.

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.