Overdraft Calculator
How much does my overdraft cost in pounds and pence?
For Spend & Save Accounts.
As an example, if you borrow £500 it will cost you:
7 days |
30 days |
60 days |
|---|---|---|
£3.26 |
£13.99 |
£28.07 |
For Spend & Save Plus accounts.
You do not pay interest on the first £100 you borrow. As an example, if you borrow £500, you will pay interest on £400 and it will cost you:
7 days |
30 days |
60 days |
|---|---|---|
£2.61 |
£11.19 |
£22.45 |
We'll never charge you more than £30 each monthly billing period for unarranged overdraft interest.
Monthly cap on unarranged overdraft charges
Each current account will set a monthly maximum charge for:
- Going overdrawn when you have not arranged an overdraft
- Going over/past your arranged overdraft limit (if you have one)
This cap cover
- Interest for going over/past your arranged overdraft limit
- Fees for each payment your bank allows despite lack of funds
- Fees for each payment your bank refuses due to lack of funds
Terms and conditions
For more information about arranged and unarranged overdraft interest and other banking fees, please see our Banking Charges Guide (PDF, 832KB)
How the calculator works
The total monthly cost is for illustrative purposes only and based on the information you have provided. It only includes overdraft interest, other account fees may apply
This tool is only suitable for calculating an estimate of cost for arranged overdraft borrowing of up to £5,000 and unarranged overdraft borrowing of up to £500
The overdraft calculator will assume that the amount selected will be used within the same monthly billing cycle. If the amount selected will be used over more than one billing cycle further interest will apply
When calculating the cost related to any unarranged overdraft please enter your maximum overdraft limit and the number of days you will be at this limit. Unarranged overdrafts begin once you have used all your available overdraft limit. If you do not have an overdraft limit, or simply want to calculate unarranged overdraft charges by themselves, please enter £0 in the arranged overdraft part of this calculator
How much we lend you (if any) is subject to application and approval
Interest rates are correct as at 16/03/2020. Interest rates are variable
To apply for an overdraft
You'll need to
You should not apply if
Before you apply
Important information
Ready to apply?
The fastest and easiest way is with the app
Log in, then go to your current account
Tap on the 'Manage' tab
Choose 'Apply for overdraft' and follow the instructions on screen
Ready to apply?
Or apply online
Use the button below to log into Internet Banking
Follow the instructions on screen
If you prefer to apply in branch or over a video call, you can book an appointment in advance.
Important information
TSB adheres to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board.
