Compare Overdraft Current Accounts

A good overdraft facility on your bank account can be a huge advantage in times of financial difficulty and save you money on penalty charges.
Compare accounts with overdrafts available from the major high street banks and internet providers below.
Compare up-to-date information on account features to find your ideal account.

7 products found

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Barclays Bank Account
Monthly Fee
Free

Interest Rate
0%

Arranged Overdraft Rate
35.0%

Minimum Monthly Credit
None
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Product Features
- Contactless debit card to make payments easier
- Stay in control of your account with free text alerts
- Track your spending and manage your accounts and payments easily using the Barclays app
Eligibility / Restrictions
- Apply online for an account if you are 18 or older, not in full-time education and are a UK resident with a regular income or salary that you pay into your account
- You need to be 16 or over to use the app. T&Cs apply.
- Overdrafts are subject to application, financial circumstances and borrowing history.
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 35.0% EAR (variable). Representative APR 35.0% (variable).
TSB Spend & Save Account
Monthly Fee
Free

Interest Rate
0%

Arranged Overdraft Rate
39.9%

Minimum Monthly Credit
None
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Product Features
- Earn up to £30 cashback: £5 per month for 6 months, with 30 debit card payments per calendar month*
- Saving Pots, Save the Pennies and Auto Balancer features
Eligibility / Restrictions
- *Eligible for Cashback if you open a new Spend & Save account, including changing from an existing TSB current account, other than from a Classic. Direct debits and withdrawals not included.
- UK residents only, 18+
- Assumed arranged overdraft of £1200: 39.9% APR representative variable. Subject to application, approval & repayable on demand
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 39.9% EAR (variable). Representative APR 39.9% (variable).
Nationwide FlexDirect
Monthly Fee
Free

Interest Rate
2%

Arranged Overdraft Rate
39.9%

Minimum Monthly Credit
None
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Product Features
- In-credit interest
- Interest free arranged overdraft for 12 months
- No monthly account fee for maintaining the account
Eligibility / Restrictions
- Must be a UK resident
- Must be at least 18 years of age
- To earn 2% AER (1.98% gross p.a.) interest on balances up to £1,500 you’ll need to pay in £1,000 a month, not counting transfers from other Nationwide accounts or Visa credits.
Representative Example: If you use an arranged overdraft of £1,200, you’ll be charged the equivalent annual rate of 39.9% EAR (variable). Representative APR 39.9% (Variable)
Nationwide FlexPlus
Monthly Fee
£13

Interest Rate
0%

Arranged Overdraft Rate
39.9%

Minimum Monthly Credit
None
See Deal More info
Product Features
- UK & European Breakdown and Recovery Assistance
- Worldwide family travel and mobile phone insurance
- Arranged overdraft available
Eligibility / Restrictions
- Must be a UK resident
- Must be at least 18 years of age
Representative Example: If you use an arranged overdraft of £1,200, you’ll be charged the equivalent annual rate of 39.9% EAR (variable). Representative APR 39.9% (Variable)
Santander 1|2|3 Current Account
Monthly Fee
£5

Interest Rate
0.60%

Arranged Overdraft Rate
39.94%

Minimum Monthly Credit
£500
See Deal More info
Product Features
- Earn up to 3% cashback every month on selected Household bills paid by Direct Debit, capped at £5 for each cashback tier each month
- Manage your account online or via mobile app
- Get access to a range of 123 offers
Eligibility / Restrictions
- To be eligible you must pay a minimum of £500 into your account each month; have 2 active Direct Debits and be over 18 years and live in the UK permanently
- There is a £5 monthly fee for maintaining the account that will automatically be taken from your account each month
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 39.94% EAR (variable). Representative APR 39.94% (variable).
Santander 1|2|3 Lite Current Account
Monthly Fee
£2

Interest Rate
0%

Arranged Overdraft Rate
39.94%

Minimum Monthly Credit
£500
See Deal More info
Product Features
- Earn up to 3% cashback every month on selected Household bills paid by Direct Debit, capped at £5 for each cashback tier each month
- Manage your account online or via mobile app
- Get access to a range of 123 offers
Eligibility / Restrictions
- To be eligible you must pay a minimum of £500 into your account each month; have 2 active Direct Debits and be over 18 years and live in the UK permanently
- There is a £2 monthly fee for maintaining the account that will automatically be taken from your account each month
- Log onto Online or Mobile Banking at least once every 3 months. You accept that this is a paper-free account, so documents, statements and some letters will be sent to your secure inbox in Online Banking
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 39.94% EAR (variable). Representative APR 39.94% (variable).
Starling Bank Personal Current Account
Monthly Fee
Free

Interest Rate
0.05%

Arranged Overdraft Rate
15.0%

Minimum Monthly Credit
None
See Deal More info
Product Features
- Speedy set up in minutes. No paperwork, monthly fees or branch visits
- 24/7 support via phone, email or in-app chat
- Save smarter with Goals, the digital change jar to put money away for the stuff you need
Eligibility / Restrictions
- Must be a UK resident
- Cash deposit facilities via Post Office branches
- Cheque deposit facilities via app or post
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 15 % EAR (variable). Representative APR 15% (variable).

Please note: Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Overdraft Bank Accounts FAQs

What is an overdraft?

An overdraft is a borrowing facility usually offered through your current account. Overdrafts give people access to borrowing to cover unexpected costs and to allow them to meet payments when they are a little short of the value in their current account. Overdrafts generally come with charges and fees so it’s important to ensure you are aware of the costs of borrowing before you use your overdraft.

How do overdrafts work?

Overdrafts are usually offered with current accounts to consumers who meet the minimum credit check requirements. They are often offered as standard on bank accounts, but you are often able to opt out of having an overdraft if you prefer not to get into debt. Overdraft limits are set by banks and cash is available immediately to consumers with arranged overdrafts on their bank accounts.

Once you have used your overdraft, you may be charged a monthly fee or a percentage of the balance on a monthly basis. However, fees and charges differ between accounts so check your provider’s terms before borrowing.

Can I ask for an overdraft on my bank account?

If you are not automatically offered an overdraft, you might be able to request one. You may also be able to request an increase to your overdraft limit, but you may have to give details about why you need to do so. Banks will usually consider a range of criteria before offering you an overdraft or increasing your limit, including your credit rating.

When do I need to repay my overdraft?

Overdrafts don’t usually have a time limit on borrowing but could cost you each month you have an outstanding balance. In addition, if you have an overdraft balance, you owe the bank money and, in theory, they could request this back at any time. However, this is unlikely to happen unless you repeatedly exceed your limit, for example.

Who might want an overdraft account?

Overdrafts can allow you to meet unexpected costs by borrowing through your current account and can sometimes be useful in order to avoid missing payments or fulfil financial responsibilities. However, they come at a cost and the money borrowed is a debt like any other and should be serviced as such.

Would I qualify for an overdraft?

If you have a current account and meet certain criteria, including credit rating checks, you may be offered an overdraft. If you repeatedly exceed your limit, however, the facility could be withdrawn and you will need to repay the money owed.

What is an unauthorised overdraft?

An unauthorised overdraft, or an unarranged overdraft, is when you borrow money from your bank without having an authorised overdraft in place or by exceeding the authorised limit on your overdraft or spending more than you have in your current account. This can sometimes happen if your bank honours a payment from your account that exceeds your balance. Banks will often charge you more for unarranged overdraft use and potentially refuse payments that exceed this, which can cause further charges.