Request up to £500 interest free on your existing overdraft
If you’re financially impacted by coronavirus, you will have until 31 October 2020 to request £500 interest free on your existing arranged overdraft (or up to your existing arranged overdraft limit if lower than £500) for a 3 month period.
On top of the interest free amount, we'll also postpone the introduction of our increased overdraft interest rate
If you request the interest free amount, we'll also keep your overdraft interest at the current reduced rate on any borrowing above £500.
What if I've already requested the interest free amount?
If we’ve already agreed an interest free period on your overdraft as part of the coronavirus support on or before 01 July 2020, we’ll automatically extend this for you for a further 3 months from when your interest free period was due to end - so, you don’t need to reapply.
We’ll also keep your interest at the current reduced rate, on any borrowing above £500 for the same extended time period. This will happen automatically.
Please remember these are temporary measures
It's important to remember that after the 3 month period ends, we’ll start to charge interest at our standard rate on the full overdrawn balance.
You can use our overdraft cost calculator to check what your interest rate will be and what an overdraft would cost you based on your circumstances when the temporary measures end.
How do I make the request?
If you have an overdraft with us, just fill in a few details to make the temporary interest free and lower rate request. Have your account number and sort code to hand.
For more information, please visit our Overdraft coronavirus support page.