How much does santander charge for overdraft




















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Lines are open am to 7pm Monday to Friday; and 9am to pm Saturday. Customers who receive an alert will have until 8pm that day to credit their account in order to move back to a positive balance and avoid charges.

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 30 June , the bank has around 24, employees. It serves around 15 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 62 regional Corporate Business Centres.

As long as you have internet access, you can log on to see your balance and what payments have gone in and out of your account. We're changing the way we present your balance across Online and Mobile Banking, as well as ATMs and in branch, for more information please see our Account Changes page. If you'd like more information about understanding overdrafts, statements, how to manage your money, setting up account alerts and more, please read our Managing your money leaflet pdf 1.

Account alerts can help you avoid overdraft charges, or keep them to minimum, to help you with this, we automatically register you for free alerts about your overdraft usage. If you have Mobile Banking we may also choose to send you alerts as notifications there. We no longer automatically register you to receive unarranged overdraft alerts by email, but if you already do, this will continue. Once your account has been set up, these alerts can be easily customised or, if you prefer, turned off, by logging onto Online Banking.

If you use an arranged or unarranged overdraft, you'll have until 4pm that day to credit your account with cleared funds and move your balance back into your Arranged Overdraft or into credit and avoid interest. An overdraft has no specific end date, which means it will continue until either you tell us you no longer want it, or we give you notice that we're reducing it or removing it in full. If you'd like to reduce or cancel your overdraft facility, you can do this through your online banking or please call 9 Alternatively, visit your local branch.

If you have a current account with us and would like to apply for an overdraft or an increase to your existing overdraft depending on your circumstances , you can apply by:.

If you haven't got a Santander current account and would like to open one, you can apply for an overdraft at the same time. Take a look at our full range of current accounts for more information. Using an overdraft is borrowing, or getting into debt. Because you're asking to borrow from us, if you ask for a new overdraft or overdraft extension we'll check your financial history with the three main credit agencies. This is called a credit check. If we ask for a credit check on you but don't give you an overdraft or overdraft extension, our request will stay on the files that the credit agencies keep on you.

It's easy to feel overwhelmed by finances, especially if times are tight. Cashback benefits on household utility bills will also become less generous. Susan Allen, head of retail banking at Santander, said: "While we have had to make some difficult decisions in the current environment, our current account range remains very competitive. However, Martin Lewis, founder of Moneysavingexpert, described the account as a "dead duck" for savers.

The irony is that until this announcement, Santander was primed for a comeback [as the rate] was looking good again," he said. Most people's current accounts pay little or no interest, and savings accounts' rates have been falling in recent weeks. The best easy access rates at the moment are about 1.



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