Select Current Account

There’s a £5 monthly fee to maintain the account. It's paid from your account automatically each month.

The Fee Information Document details the main fees and charges on this account, including those associated with using an overdraft.

For further explanation of our main terms and services 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 is a cost associated with using an overdraft. The way you manage your overdraft, for example if you don’t repay your fees and charges regularly, may affect your credit file. This could make it harder or more expensive to get credit with us or other providers in the future.

Overdrafts depend on your circumstances and 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 but 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 occurs 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 that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances and you may incur a fee.
 

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On 6 April we're changing the way we charge for overdrafts. The table below shows how you'll be charged for using your overdraft before and after this date. The first £500 is fee free.

If you are switching to us there’ll be no arranged overdraft usage fee for the first 4 months

Before 6 April 2020 if you use an arranged overdraft of £1,200 you’ll be charged an arranged overdraft usage fee of £1 per day (variable). This fee  depends on the amount of overdraft you use. There are no charges on the first £500 of your overdraft. From 6 April 2020 if you use an arranged overdraft of £1,200 you’ll be charged and interest rate of 28.3% APR (variable)/ 39.9% EAR  variable). There are no charges on the first £500 of your overdraft. Actual credit limit may differ. There is a £5 monthly fee for maintaining the account.

If you try to make a payment that would take you into an unarranged overdraft, we’ll decide whether or not to pay it depending on your circumstances.

We offer other current accounts with different overdraft fees 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 existing mortgage customers. Learn more about our borrowing options

There are other charges with this account, such as when you use your card abroad.  Please refer to the Terms and Conditions for details.

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

You’ll be automatically set up to receive 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
• where a payment is refused as you don’t have enough funds.

You’ll also be automatically set up to receive an alert when:

• your account makes use of an arranged overdraft
• your account goes further into arranged overdraft which may cause the cost to increase. 

We’ll send these before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. If we don’t have a valid mobile number for you, we might not be able to reach you.

You can also register for other account alerts to help you to stay on top of your finances. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount. 

For more information visit Account alerts

You can manage your alerts settings at any time by using Online Banking, calling us on 0800 9 123 123 or visiting a branch.

You can earn monthly interest of 1.00% AER / gross (variable) on your balance up to £20,000. Before 5 May 2020 you will receive monthly interest of 1.50% AER/1.49% gross (variable) on balances up to £20,000.

Interest is received gross, with no income tax deducted. Take a look at our information pages to learn more

You can earn 1-3% cashback on selected household bills paid by Direct Debit every month. Cashback is paid monthly, capped at £5 per month in each of the 1%, 2% and 3% cashback categories.

There is no monthly cap before 5 May 2020.    

Find out which suppliers you can earn cashback with as well as other exclusions