Overdraft Cost Calculator UK
Calculate the cost of using an arranged or unarranged overdraft including interest and daily fees over the days you are overdrawn.
Calculator
What this means
Overdrafts can be expensive. Banks charge interest (often EAR) and sometimes daily fees, especially for unarranged overdrafts.
Frequently asked questions
EAR (Equivalent Annual Rate) shows the yearly cost of borrowing including compound interest. Check your bank's overdraft rate.
Usually yes. Unarranged overdrafts often have higher rates and daily fees than arranged limits.
Use a arranged overdraft if needed, pay off quickly, and review budget tools to avoid going overdrawn.
Disclaimer
This calculator provides estimates for guidance only. It is not financial, legal or tax advice. Always check official sources or speak to a qualified professional before making decisions.
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