Due to the coronavirus crisis, the Bank has taken the decision that we will keep overdraft interest at their current rates until 14th July. So, although you may have received a letter telling you about various changes we are making to overdraft interest rates, your rate will not change until then unless you were moving to a rate lower than the one you were already on.
We have also removed daily and monthly overdraft fees and will not be charging for unpaid items until 14th July. We will now be charging interest on unarranged overdrafts at the same rate you are charged for your arranged overdraft today. However, we will not charge more than £17.25 per month for unarranged overdrafts.