Overdraft calculator

See how much it costs to use an overdraft across our range of accounts

Choose which account you’d like to calculate costs for

Do you have overdraft control?

How long has it been since you've graduated?

Are you in the first term of your first year?

Which overdraft option applies to you?

What is your overdraft limit?

Not sure which one to pick?
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Please tell us the overdrawn amount and duration

Tell us how much you would be overdrawn and for how long and we can show you the cost

Overdrawn amount

Min. £0 - Max. £5,000

Overdrawn duration

Min. 0 - Max. 31 days

Any calculations we show you are for illustrative purposes only.

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

This amount is within your arranged overdraft.
Part of this overdraft is above your arranged overdraft limit. This extra part is called an unarranged overdraft.
You're currently overdrawn without an arranged overdraft. This is called an unarranged overdraft.

Interest cost breakdown

Arranged overdraft
Unarranged overdraft
Total

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.

Representative example

Effective Annual Rate (EAR)

39.49% (variable)

Representative APR

39.49% (variable)

Assumed credit limit

£1,500

How does our overdraft compare?

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.

What's next

Want to know if you could get an overdraft? Use our eligibility tool. It's quick and won't affect your credit score

Check my eligibility

Need to know more?

Head to our informative overdraft page where you'll find everything you need to know about how they work and how to apply.

Tell me about overdrafts

When will I be charged?

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.

Need to change your overdraft?

To manage, check or change your overdraft, log in to Digital Banking

When will I be charged?

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.

About unarranged overdrafts

  • Going overdrawn without an overdraft can have consequences. Direct debits might not be paid if you're over your limit (this could affect your credit score).
  • You’ll incur charges on an overdrawn balance. And, you may also need to pay a £2.15 Unpaid Transaction fee, if applicable.
  • To increase or manage your overdraft, log in to Digital Banking.

When will I be charged?

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.

About unarranged overdrafts

  • Going overdrawn without an overdraft can have consequences. Direct debits might not be paid if you're over your limit (this could affect your credit score).
  • You’ll incur charges on an overdrawn balance. And, you may also need to pay a £2.15 Unpaid Transaction fee, if applicable.
  • To increase or manage your overdraft, log in to Digital Banking

Want to get an arranged overdraft?

Check to see if you're eligible for an arranged overdraft with our quick and easy tool. It won't affect your credit score.

Check my eligibility

Got a question?

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