Before your interest free period ends, we'll remind you of the exact end date, as well as the contractual interest rate which will apply to your arranged overdraft.

Please remember that after the interest free period ends, we’ll start to charge interest at your contractual rate on the full overdrawn balance.

If you can afford to maintain your existing overdraft, then you don’t need to do anything.

If you’re concerned about being able to afford your existing overdraft after the interest free period ends, there are a number of ways in which we can help. Please visit the What further support is available? section on this page where you can access further support. If you do nothing about your financial situation then there is a risk that it could get worse.

If your interest free period is coming to an end, then don’t worry about forgetting when this will happen. We'll remind you of the exact date that the period will end, as well as the contractual interest rate which will apply to your arranged overdraft.

If you’re still worried about the cost of your overdraft after your interest free period ends, please visit our What further support is available? section on this page where you can access further support.

If we’ve already agreed an interest free period on your overdraft as part of the coronavirus support on or after 2nd July 2020, this will apply to your arranged overdraft for a period of 3 months from the date of your application. We’ll also keep your interest at a temporary reduced rate, on any borrowing above your interest free amount for the same 3 month period.

If we’ve already agreed an interest free period on your overdraft as part of the coronavirus support on or before 1st July 2020, we’ve automatically extended this for you for a further 3 months from when your interest free period was due to end. This means this will be in place for 6 months. We will also automatically keep your interest rate at the same lower rate rather than the standard contractual rate. This will apply to any overdraft borrowing above the interest free amount for the 6-month period. If we have a mobile phone number for you, you should have received a text in July to confirm this.

It’s important to remember that after the period ends, we’ll start to charge interest at your contractual rate on the full overdrawn balance.

No. The interest free amount only applies to arranged overdrafts. However, our interest on unarranged overdrafts is capped at £17.25 per month with a maximum of £20 on unarranged borrowing per month including unpaid item fees.

The temporary lower levels of interest are the overdraft interest rates we are offering to customers to support those financially impacted by the coronavirus pandemic. This rate depends on the account type you hold with us and is lower than the standard rate in your account terms and conditions. 

Whilst using our temporary coronavirus support, most customers will pay Representative 19.89% APR (variable) or 14.89% APR (variable), rather than our planned rate of Representative 39.49% APR (variable). Reward Black customers will remain at Representative 14.89% APR (variable), rather than moving to Representative 19.49% APR (variable). 

You can find more details on our rates comparison page.

Arranged overdrafts are available to eligible Royal Bank of Scotland current account customers, UK residents aged 18 or over. You must pay your salary or a regular amount into your current account.

Arranged overdrafts are available to eligible Royal Bank of Scotland current account customers, UK residents aged 18 or over. You must pay your salary or a regular amount into your current account.

Arranged overdrafts are available to eligible Royal Bank of Scotland current account customers, UK residents aged 18 or over. You must pay your salary or a regular amount into your current account.

Arranged overdrafts are available to eligible Royal Bank of Scotland current account customers, UK residents aged 18 or over. You must pay your salary or a regular amount into your current account.