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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
Authorised overdraft interest charged at zero % from 5.1.12 to 4.4.12.		15.9% 15.9%
Representative Example: Based on overdraft limit of £500 charged at 15.9% EAR Variable.
Smile
Current		Current
Authorised overdraft interest charged at zero % from 5.1.12 to 4.4.12.		15.9% 15.9%
Representative Example: Based on overdraft limit of £500 charged at 15.9% EAR Variable.
Citibank
Plus Current		Citibank Plus Current
Funding of £1800 per month required.		16.9% 29.8%
Representative Example: Based on overdraft limit of £500 charged at 16.9% EAR Variable.
Norwich & Peterborough BS
Gold Classic Current		Gold Classic Current
Offset/pooled facility available. Funding of £500 per month required. Transferred current accounts charged at zero % on authorised overdrafts for 6 months.		17.9% 17.9%
Representative Example: Based on overdraft limit of £500 charged at 17.9% EAR Variable. Overdraft fee of £5.00 per month applies.
Yorkshire Bank
Current Account Plus		Current Account Plus
Offset/pooled facility available.		18.85% 29.99%
Representative Example: Based on overdraft limit of £500 charged at 18.85% EAR Variable.
Nationwide BS

FlexAccount		FlexAccount
Transferred current accounts offered zero % for authorised overdrafts for 3 months.		18.9% 18.9%
Proceed
Representative Example: Based on overdraft limit of £500 charged at 18.9% EAR Variable.
Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

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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.