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Find the best Current Accounts with Overdrafts

Compare six of the best current accounts offering the lowest EARs on overdrafts. We independently compile information on pre-agreed overdraft facilities and fees.
CompanyAccountAuthorised EARUnauthorised EAR
The Co-operative Bank
Current		Current
15.90% 15.90%
Representative Example: Based on overdraft limit of £500 charged at 15.90% EAR Variable.
Smile
Current		Current
15.90% 15.90%
Representative Example: Based on overdraft limit of £500 charged at 15.90% EAR Variable.
Citibank
Plus Current Funded 		Citibank Plus Current Funded
Funding of £1.8K pm required. 		16.90% 29.80%
Representative Example: Based on overdraft limit of £500 charged at 16.90% EAR Variable.
Norwich & Peterborough BS
Gold Classic Current Funded		Gold Classic Current Funded
Funding of £500 pm required. 		17.90% 17.90%
Representative Example: Based on overdraft limit of £500 charged at 17.90% EAR Variable. Overdraft fee of £5.00 Per Month applies.
Yorkshire Bank
Current Account Plus Age 18 and over		Current Account Plus Age 18 and over
18.85% 29.99%
Representative Example: Based on overdraft limit of £500 charged at 18.85% EAR Variable.
Nationwide BS

FlexAccount Funded		FlexAccount Funded
Funding of £750 pm required. Nationwide guarantees to contact switchers' Direct Debit companies within 10 working days or it will give the customer £100. Also will aim to match the customer's previous overdraft amount.		18.90% 18.90%
Proceed
Representative Example: Based on overdraft limit of £500 charged at 18.90% EAR Variable.
Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

Moneyfacts.co.uk Limited is an independent credit broker. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

 

What is an Overdraft Account?

Many current accounts offer overdraft facilities.

If you have arranged for an overdraft facility on your bank account, you will be charged what is called an authorised overdraft rate. You agree an amount up to which you can go overdrawn and will be charged the authorised rate if you remain within this authorised limit.

If you have not arranged an overdraft facility or have exceeded your authorised limit, you will be charged interest at the unauthorised overdraft rate. This rate can be much higher than the authorised rate. You may also be charged a fee for being overdrawn.

Visit our bank accounts with benefits section to find 'packaged' accounts offering a bundle of benefits, some of which also include an overdraft facility.