Current account

A joint account is a type of bank account where more than one person is responsible for the account and its management.

Everyone named on the account has equal access to the joint bank account, but also equal responsibility.

This can make it easier to manage shared bills such as rent, mortgage repayments or utility bills, but may also give you less control of the money leaving the account.

Both of you may need to meet the provider’s eligibility criteria to be able to open the account and pass credit checks.

Learn more about joint accounts

How they work

Overdrafts are intended for short term borrowing and are not suitable for long term borrowing.

An arranged overdraft is a set amount you've agreed with us in advance. You will be charged debit interest at an annual interest rate of 35.9% variable for going into an arranged overdraft.

If you go over your arranged overdraft

You'll go into an unarranged overdraft if you go over your arranged limit or your available balance falls below £0 without an arranged overdraft in place.

Your payments might be refused if you try to go over your limit or if you try to go overdrawn without an arranged overdraft.

Credit reference file

Any type of borrowing shows on your credit file. However, an unarranged overdraft shows as arrears, which can negatively impact your credit file and may make it harder for you to obtain credit in the future.

Charges and costs

You’ll be charged debit interest for going into an arranged and/or unarranged overdraft at an annual interest rate of 35.9% variable.

As an example, the interest cost of borrowing £500 is:

• 7 days - £2.98
• 30 days - £12.76
• 60 days - £25.66

This is based on borrowing £500 on the first day of our charging period and assumes this overdrawn balance remains until it is repaid at the end of 7, 30, or 60 days.

You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

Change your limit

You can request to change or remove your overdraft limit at any time by contacting us. You must make regular payments into your account to reduce the amount you owe.

Representative example

£500 credit limit

35.9% annual interest rate variable

35.9% representative APR variable

Duration for 1 year

Total amount payable is £679.44, which includes the £500 overdraft and £179.44 interest.

How does our overdraft compare?

The representative APR provided can enable you to compare the costs across different products and providers.

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

7 days - £2.98

30 days - £12.76

60 days - £25.66

This is based on borrowing £500 on the first day of our charging period and assumes this overdrawn balance remains until it is repaid at the end of 7, 30, or 60 days.

You can use our /span>calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

More about overdrafts

Account fees

You don't have to pay a monthly fee for having this account.

Overdraft charges

You will be charged debit interest for entering into an arranged and/or unarranged overdraft at an annual interest rate of 35.9% variable.

Other charges

There are some other things we charge for that you can find more information on here.

Foreign transfer fees

Currency conversion charge

A currency conversion charge is applied to any payment made for cash goods or services using your debit card in a currency other than sterling. The conversion charge will be:

2.75% of the value of the transaction

Sending money outside the UK

Swift

Transfers in sterling or foreign currency to almost anywhere in the world within one to four working days. You will be charged:

0.25% of the value of the transaction (minimum £13, maximum £35 - plus postage, transmission and agent’s charges, where applicable)

Structured USD payments

Low cost way of sending US Dollars to the USA, which will take up to five working days. You will be charged:

£8

Single Euro Payment Area (SEPA) payments

Transfer euros to all EU Member States, as well as Iceland, Liechtenstein, Norway, Monaco and Switzerland. Funds should be received by the close of business on the next working day, and both the remitter and beneficiary have to have an account within the SEPA region. You will be charged:

£0

Real Time Euro Payments (TARGET)

This is a method of sending money outside the UK in euros. This payment will normally be received on the same day if we receive your instructions before 2 pm, but it can take one to three working days if there are problems from the recipient’s side. Fax confirmation of instructions required if the transfer is over £10,000 in value. You will be charged:

£25 (plus postage, transmission and agent’s charges, where applicable)

Enquiries, amendments and cancellations

A fee will be applied if you make an enquiry regarding a payment you have made outside the UK or request to amend or cancel the payment. These fees are also payable for our handling of enquiries from overseas banks concerning your payment instructions. However, where this investigation has resulted from an error by us or one of our agents, the fee will be waived.

£20 (plus postage, transmission and agent’s charges, where applicable)

Receiving money from outside the UK - in sterling or foreign currency

If the payment is equivalent to £100 or less.

Free

If the payment is over the equivalent of £100 and received in either euro or Swedish Krona currency.

Free

Payments over the equivalent of £100 received in a currency other than the euro or Swedish Krona. You will not be charged when the charges are for the remitter's account.

£6 (plus postage, transmission and agent’s charges, where applicable)

Where the charges are for the remitter’s account.

Free

Overseas cheques

Cheques issued

If you write a cheque which requires a currency conversion, we will apply a fee for the processing work we undertake.

£10

Cheques returned unpaid

£10

Electronic payments

Transfers by CHAPS

CHAPS is a same-day sterling transfer service (though instructions need to be received by 4.30 pm on a working day).

The charge for using this service is

£25

Faster payments up to £100,000

The Faster Payments Service allows you to transfer up to £100,000 to other banks. Payments should normally reach the payee's account immediately.

Once you have made the payment, you can check to see how long it'll take to arrive at the other bank. Simply log into Online Banking, click on the 'View Account' box and then 'Planned payments'. After that, just click on the 'View Faster Payments status' link and you'll see your most recent payments and the timescale for each of these. Please note - Faster Payment transfers will only show on this screen for seven days.

Using this service is

Free

Other services

Cash fee

We will charge you a cash fee if you withdraw cash over the counter at a branch of any other bank in the United Kingdom which is authorised by Visa.

2% of the value of the transaction, a minimum of £2

Subject access request

Under the Data Protection Act, you are entitled to a copy of the personal information we hold about you.

Free

Status enquiry

A request made to a bank asking if you're likely to be able to pay back a loan, credit or meet regular payments such as rent.

£10

Stopped cheques

When you instruct us that a cheque you have issued should not be paid.

£10

Copy statement (per statement)

You will be charged £2.50 each for the first 4 paper statements you order, or a flat rate of £10 if you order 4 or more at a time per account.

Copy cheque

This is a copy of a cheque that has already been debited from your account.

£5 (per cheque)

Banker's cheque

To ensure payment when buying goods such as a car, by cheque.

£10

Statement of Fees

A Statement of Fees will be sent to you at least once every 12 months. It’s an overview of all the fees and charges applied to your current account within the time period shown on the statement. We will also include any debit or credit interest and refunds where applicable.

It will be sent to you by post, even if you have opted in to paperless statements. You won’t be able to see this when you are logged into online banking.

Help to limit overdraft charges

We know that it's hard to keep track of what you've spent sometimes. You may accidentally go into your overdraft, or past your arranged limit. There are two ways we help limit the charges for our overdraft customers:

£60 monthly cap

We have a £60 cap on interest for any type of overdraft (arranged or unarranged) in one charging period. This means the maximum you will ever pay for using an overdraft per charging period is £60.

The monthly cap refers to the charges applied in a charging period not a calendar month. Please refer to the Account Charges Leaflet (PDF) for details of the charging periods.

Below is a standard definition to allow you to compare unarranged overdraft charges across different providers, but in practice we don't actually charge fees for allowing or refusing a payment where you have a lack of funds.

Monthly cap on unarranged overdraft charges

1. Each current account will set a monthly maximum charge for:
   1. going overdrawn when you have not arranged an overdraft; or
   2. going over/past your arranged overdraft limit (if you have one).
2. This cap covers any:
   1. interest and fees for going over/past your arranged overdraft limit;
   2. fees for each payment your bank allows despite lack of funds; and
   3. fees for each payment your bank refuses due to lack of funds.

Text alerts when you go into your overdraft

To help you manage your money and limit any debit interest we send overdraft text alerts.

• These alerts will notify you either before you go into, or when you've entered into an arranged or unarranged overdraft
• We'll also send an alert if you don't have enough money in your account to cover any payments coming out that day.

As long as we have your mobile number, you'll be automatically opted in for overdraft text alerts. You can opt out of arranged and/or unarranged overdraft alerts at any time by contacting us.

Find out more about overdrafts