Current Accounts – Cheapest Authorised Overdraft

Current Accounts – Cheapest Authorised Overdraft

A selection of the cheapest authorised overdraft current accounts (updated 30.03.2020)

Bank Account Overdraft Tariff Annual Cost*
Metro Bank Interest at 15.0% EAR £20.71
Starling Bank Interest at 15.0% EAR £20.71
First Direct Interest at 39.9% EAR (first £250 free) £32.14
M&S Bank Interest at 39.9% EAR (first £250 free) £32.14
Monzo Bank 50p per day £42.00
*£600 overdrawn 7 days per month.

The data published on the website is intended to supply you with information only and is not intended to provide you with financial advice as to the most suitable product for your own personal circumstances and requirements. Whilst we try to update rates regularly we cannot guarantee their accuracy. Please always do your own research when considering your personal finance.

Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk