Overdraft cost calculator

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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Things to remember

  • The calculations don’t include the monthly fee for maintaining the account.
  • An overdraft should be used for short-term borrowing or emergencies like an unexpected bill.
  • When you use your overdraft, you’re getting into debt.
  • If you need to borrow money, there might be cheaper ways to do it. It’s important to always find the cheapest way to borrow. Find out more here

When you start your second year on your Santander Edge Grad current account: 

  • the first £1,000 of the arranged overdraft will be interest-free
  • you will be charged 39.94% (variable)  for using your arranged overdrafts over £1,000.

This is reflected in the overdraft cost calculator. 

Don’t forget, overdrafts are for short-term borrowing or emergencies. You should only borrow no more than you need and can afford to pay back.

How much does my overdraft cost in pounds and pence?

To help you understand the cost of an overdraft, the table below shows how much 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 in proportion and may be higher.

Cost of borrowing £500 through an overdraftFor 7 daysFor 30 daysFor 60 days
1|2|3, 1|2|3 Lite, Santander Edge, Santander Edge Up, 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

Our illustration above is based on a deposit of £500 into an arranged overdraft. From the first day of the period shown above with no deposits or withdrawals, during a 30 day month. 

An overdraft depends on your individual circumstances. You must repay it when we ask, as we have explained in our Terms and Conditions. Acceptance for an overdraft isn’t guaranteed

Accounts that don’t have an overdraft aren’t included in the calculator. 

We have accounts that offer different overdraft interest rates, and some without an overdraft facility. For support managing your overdraft, visit our managing your money page, which has tips ranging from budgeting to borrowing. 

Tips for using your overdraft:

  • keep track of your spending through Online or Mobile banking
  • don’t go over your arranged overdraft limit
  • stay up-to-date with any changes to your current account or overdraft, including fees 
  • remember that anything you spend from your overdraft will need to be paid back.

We also have different borrowing options for you to choose from. Including credit cards, personal loans and additional loans for our existing mortgage customers. You can learn more by visiting our borrowing options page.

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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