Online banking

Online banking

cancel
Showing results for 
Search instead for 
Did you mean: 

Current Accounts

What is Overdraft Control?

Overdraft Control allows you to decide whether a payment is made when you don't have enough money in your account to cover it.

 

If you HAVE overdraft control


* We'll usually not make a payment, which would create or increase an unarranged overdraft, and you'll be charged an unpaid transaction fee.

 

* There are some payments we'll have to make, for example Contactless debit card payments. In these cases, you'll be charged a fee and you'll also pay interest on the unarranged overdraft.

 

If you DON'T HAVE overdraft control


* We may make payments when you don't have enough money in your account. You'll be charged a fee and you'll also pay interest on the unarranged overdraft.

 

* If we don't make the payment, you'll be charged an unpaid transaction fee.

 

Maximum monthly charge on unarranged overdrafts and transaction fees

 

The monthly cap on your Current Account for unarranged overdraft charges and paid or unpaid transaction fees is £75.

 

Change your overdraft control preferences


You can choose to have overdraft control or not. Simply log in to Online Banking and select Manage account from the Online Banking Overview.

 

Select Overdraft control from Your account preferences.

 

Your current overdraft control preference is shown. Check the box to change your preference, then Update.

Version History
Revision #
4 of 4
Last update:
‎14-07-2017 08:46 AM
Updated by: