0% EAR (variable) Arranged Overdraft. Arranged Overdraft Usage Fee of £1 per day (this is capped at 20 days each statement period for the Choice Current Account). If you are switching to Santander then there will be no Arranged Overdraft Usage Fee for the first 4 months. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ.
If you don't switch using our dedicated switcher service, the Arranged Overdraft Usage Fee will apply from account opening. The Unarranged Overdraft Usage Fee is £6 per day2
The Everyday Current Account has a monthly cap for unarranged overdraft fees of £95. A total overdraft fee cap of £95 will also apply to your account meaning if you incur any arranged and/or unarranged fees in any monthly statement period, these will never be more than £95 in total.
From 10 July 2018, we will remove the existing overdraft fee cap of £95 per monthly statement period, which covers Arranged and Unarranged Overdraft fees. This will be replaced by a lower cap of £50 per monthly statement period and will cover Unarranged Overdraft fees only, including Paid and Unpaid Transaction fees. This means you won’t pay more than £50 per month in Unarranged Overdraft fees. Arranged Overdraft usage fees will not be changed.