Cost of Living
See how much it costs to use an overdraft across our range of accounts
Please tell us the overdraft amount you’re using (or intend to use) and how long you’ll be using it for. We’ll then tell you how much it’ll cost.
Min. £0 - Max. £5,000
Min. 0 - Max. 31 days
An overdraft of 7000 for 20 days would cost a total of
10.10 in interest
The interest rate for arranged and unarranged overdrafts is 10% EAR
We won’t charge you more than £19.40 in a charging period for an Unarranged Overdraft. This would include an Unpaid Transaction fee of £2.15, if applicable.
The reason we provide a Representative APR is help you to compare the cost of using an arranged overdraft with different credit products (such as a loan or credit card).
As you have a Tailored Account, we might have agreed that you pay interest on an arranged and unarranged overdraft at a different rate to what we've used in this example. The above shows the maximum cost that most of our customers with a Tailored account would pay.
Want to know if you could get an overdraft? Use our eligibility tool. It's quick and won't affect your credit score
Head to our informative overdraft page where you'll find everything you need to know about how they work and how to apply.
Overdraft charges get taken from your account 16 days after we issue your statement. For example, if your statement is issued on the 1st of the month, you will be charged on the 17th.
Please note, the charge might be higher if you’re overdrawn over 2 charging periods i.e. 2 months.
To manage, check or change your overdraft, log in to Digital Banking
Overdraft charges get taken from your account 16 days after we issue your statement. For example, if your statement is issued on the 1st of the month, you will be charged on the 17th
Check to see if you're eligible for an arranged overdraft with our quick and easy tool. It won't affect your credit score.
If you have any overdraft questions, you can head to our Support Centre where you can ask Cora a question or find answers in our FAQs