There’s a £5 monthly fee to maintain the account. It’s paid from your account automatically each month.
The Fee Information Document (130 KB) explains the main fees and charges for this account, including those for using an overdraft.
To learn more about some of the common terms we use, take a look at our glossary
An overdraft lets you borrow through your current account. It’s intended mainly for short-term costs or emergencies and isn’t generally suitable for longer-term borrowing. There’s also a cost for using an overdraft. The way you manage your overdraft may affect your credit file. For example, if you don’t repay your interest and charges regularly, it could be harder or more expensive to get credit with us or other providers in the future.
Overdrafts depend on your circumstances. You must repay any overdraft when we ask, in line with our General Terms and Conditions. We may ask you to repay all or part of your overdraft at any time. We'll try to notify you of this in advance.
An arranged overdraft is when we let you borrow up to a pre-agreed limit. You can ask for one when you open your account or at any other time.
An unarranged overdraft is when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit.
When you try to make a payment when you don’t have enough money in the account, we decide whether to allow or reject the payment based on your circumstances. If we allow a payment, it’ll take you into an unarranged overdraft. We don’t charge fees for allowing or refusing a payment due to lack of funds.
Am I eligible? How much will it cost?
Is the eligibility checker right for me?
Already completed the eligibility checker? Find your previous decision
The table below shows you how you’ll be charged for using your overdraft.
|Arranged overdraft interest and charges||Representative 39.94% APR/ EAR (variable)|
|Unarranged overdraft interest and charges||Representative 0% APR/ EAR (variable)|
How does our overdraft compare? We show a representative APR so you can compare the costs of different credit products.
If you’re switching to us from another bank, you won’t be charged arranged overdraft interest for the first 4 months.
If you use an arranged overdraft of £1,200, you’ll be charged an interest rate of 39.94% APR/EAR (variable). Actual credit limit may differ.
We offer other current accounts with different overdraft interest rates or without the option for an overdraft facility. We also have different borrowing options, such as credit cards, personal loans, and additional loans for our mortgage customers. Learn more about our borrowing options
There are other charges with this account. Please see our terms and conditions for details.
You’ll get text alerts when:
- your account makes (or may make) use of an unarranged overdraft
- you have regular payments due on your account and you don’t have the funds to cover them
- a payment is refused as you don’t have enough funds
- your account goes further into an arranged overdraft, which may cause the cost to increase.
We’ll send these alerts before your account’s charged so that you have time to pay in money and either avoid or reduce overdraft charges. Make sure your mobile number is up to date so we can send these to you.
You can also register for other account alerts to help you to stay on top of your finances. For example, alerts to let you know when your balance has fallen below a set limit, or if you’ve had a deposit into your account that’s greater than a set amount. For more information, visit our account alerts page.
You can manage your alerts settings at any time by using Online Banking. If you’d like more help with this, please contact us or visit your local branch
If you need help managing your money or if you’re in debt, please visit our money worries page.
International and CHAPS payments
- You can make international payments with no extra fees from us. The bank receiving the payment may still apply charges.
- There’s no charge for making CHAPS payments from your Santander Edge Up current account.