See how much using an overdraft could cost you


Completed: Your overdraft
Current: Your results
Completed: Your overdraft
Current: Your results


Are you likely to go over this amount?

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Your results

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Important information
The calculations don’t include any monthly fee for maintaining the account.

Changes to our 1|2|3 Graduate Account
When you start your second year on your 1|2|3 Graduate Account: 

  • the first £1,000 of the arranged overdraft will be interest-free
  • arranged overdrafts of £1,000.01 and over will be charged interest of 39.94% EAR (variable). 

This is reflected in the overdraft cost calculator. 

This change doesn’t impact customers who started their second year in the 1|2|3 Graduate Current Account on or before 30 June 2021. Please visit our account changes page for full details.

How much does my overdraft cost in pounds and pence?

To help you understand the cost of an overdraft in pounds and pence, the table below shows how much the cost of borrowing £500 through an arranged overdraft costs for each of our products. If you borrow more than this or for a longer period, the cost will be proportionate and may be higher.

Cost of borrowing £500 through an overdraftFor 7 daysFor 30 daysFor 60 days
1|2|3, 1|2|3 Lite, Everyday and Over 18s Cash Card accounts£3.27 £14.01£28.12
Choice Current Account£2.54£10.88£21.83
Further Education Account£0.91 £3.90£7.80
Zero Current Account£1.67£7.17£14.36

These illustrations assume you’re £500 into an arranged overdraft from the first day of the period of illustration, you don’t make any withdrawals or deposits, your statement period starts on the first day of the period of illustration and the period of illustration starts in a 30 day month.

Overdrafts depend on your circumstances and you must repay an overdraft when we ask in line with our General Terms and Conditions. Acceptance isn’t guaranteed. Accounts which don’t offer an overdraft aren’t included in the calculator.

We offer 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 existing mortgage customers. You can learn more by visiting our borrowing options page.

For support managing your overdraft, visit our managing your money page, which has tips ranging from budgeting to borrowing. If you’re struggling financially, visit our money worries page for information about how we, and others, may be able to help.

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