If you reduce it too much, you might go into Unarranged Overdraft which could be more expensive. Here’s an example for an Unarranged Overdraft over £10
Fee
Unarranged Overdraft usage fee
Unpaid transaction fee
Monthly Maximum charge
Amount
£8 per day
£8
£80
Max. number of fees
9 per charging period
1 per charging period
We won’t charge you more than £80 in a monthly charging period for an unarranged overdraft or any unpaid transactions.
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Earning higher interest on larger pots of savings that are unlikely to be needed on a regular basis.
Note: all our savings accounts are protected by the FSCS guarantee up to a certain limit. For more info see the bottom of this page
You can avoid paying transaction fees by maintaining a minimum cleared balance of €3,000 in your account at all times during each charging cycle. You will pay the €2 monthly maintenance fee.
If the amount of your monthly fee and transaction fees is €4 or more each month, we’ll send you a pre-notification of charges statement to let you know how much you’ll be charged, at least 10 business days before we apply any fees.
