Bank Account Charges
If you exceed your overdraft limit, expect to pay a large interest rate charge.
| Bank |
Unauthorised
overdraft |
Unauthorised
fees |
In credit
interest rate |
| Barclays |
27.5%
|
A-£10 / B-£10 / C-£15
|
0.10%
|
| Halifax |
24.2%
|
A-£28 / B-£20 / C-£20
|
2.02%
|
| HSBC |
15.9%
|
-
|
0.10%
|
| Lloyds TSB |
29.8%
|
A-£30 / - / C-£35
|
0.10%
|
| NatWest |
18.8%
|
A-£28 / B-£30 / C-£38
|
0.10%
|
| Abbey |
28.7%
|
A-£20 / B-£30 / C-£35
|
1.49%
|
| Co-operative |
32.9%
|
A-£35 / - / C-£35
|
-
|
| Smile |
25.0%
|
A-£5 / - / C-£25
|
3.04%
|
| Royal Bank of Scotland |
29.8%
|
A-£28 / B-£30 / C-£38
|
2.02%
|
| Ulster Bank |
12.7%
|
A-£30 / B-£30 / C-£30
|
2.02%
|
| Bank of Scotland |
24.2%
|
A-£28 / B-£20 / C-£20
|
2.02%
|
A - Unauthorised overdraft monthly fee
B - For each item paid which results in an unauthorised overdraft or while you have an unauthorised overdraft
C - For each bounced standing order/cheque/direct debit
As tempting it is to go for the largest amount, it is vital to remember the money does have to be paid back, and some banks expect full payment much quicker than others.
