Benefits of a first direct overdraft
No overdraft interest charges on the first £250 of your arranged overdraft (subject to status)
You'll only be charged interest on any arranged balance if you're overdrawn by more than £250.
£10 buffer to help avoid unarranged overdraft fees
If you exceed your overdraft limit by £10 or less, you won't be charged a fee.
Text alerts to help avoid charges
Don't worry we won't use text speak - and definitely no emojis. If we have a mobile phone number for you, we'll send you text messages to help you avoid daily overdraft charges. We'll text you to let you know you've gone over your limit so you have time to pay cleared funds (not a cheque) into your account before the end of the day (11:45pm) to cover the unarranged overdraft amount.
Capped fees if you do go over your limit
We may charge an overdraft fee for using any unarranged overdraft capacity (exceeding our £10 buffer). However, we will never charge more than £80 in daily fees in a charging month. You can find out more on our overdraft fees page.