Your arranged overdraft limit and any overdrawn balance will be moved over to your new account. It will be subject to any interest charges payable under your new account terms and conditions.
If your overdraft balance is over £1,000, you’ll need to bring it within the new limit before you move accounts. It’s important to do this. If you don’t, then you won’t be able to make payments or take cash out.
To see how much you’ll be charged for using the arranged overdraft on your new account, you can use our overdraft calculator.
It will give you an idea of how much you may be charged based on your current arranged overdraft.
If you’re finding it hard to pay back your overdraft, we may be able to help: