8/29/2023 0 Comments Download life style covers![]() ![]() The service is free to use and you can choose and agree your switch date with us.As your new current-account provider we offer the following guarantee. We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. Arranged overdraft limits and interest rates vary based on your individual circumstances. ![]() How much does my overdraft cost in pounds and pence?Īs an example, the interest cost of borrowing £500 is: £2.87 for 7 days, £12.42 for 30 days and £25.18 for 60 days.Īrranged overdrafts are subject to application and approval and repayable on demand. ![]() You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you. The APR includes monthly maintaining the account fees of £17 and an interest free amount of £50. Representative example (based on using an Ultimate Reward Current Account)Īn arranged overdraft on an Ultimate Reward Current Account has a variable interest rate of 39.9% EAR, and a variable representative rate of 61.7% APR, based on borrowing £1,200. We will let you know this rate in the pre contract credit information we give you if you apply for an arranged overdraft. The daily arranged overdraft interest rate will be based on how you manage any accounts with us and on the credit information we hold about you. Once your six month interest-free period ends we will charge interest daily. What happens after the 0% interest free period ends?
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