An overdraft is normally used for unexpected payments, but isn’t designed for day-to-day expenses. It’s a form of short-term borrowing, which means we can ask you to repay it in full any time.
If there’s not enough money in your account, we’ll charge you £1.50 for each payment that can’t be made. This could happen if you haven’t arranged an overdraft with us, or if you do, but you’ve gone over your overdraft limit.
We’ll only charge you for a maximum of three of these in a month – in other words £4.50 per month.
If you’re struggling to get out of your overdraft, or are using it for regular bills and payments, some of the options we can discuss include:
- merging your existing debts into one affordable monthly payment.
- agreeing a repayment plan to help reduce your overdraft balance
- seeing whether we may have a more suitable current account for you.
We can also give you some breathing space to think things over and get impartial debt advice.
If you’re regularly using your Danske overdraft, you’re probably paying fees and charges which will make it more difficult to repay over time. You may want to see our Cost Calculator to understand how much you’re paying to use your overdraft.
We may get in touch to check if your bank account still meets your needs.
Don’t worry – having a chat with us about any support options available to you won’t affect your credit score. It helps us to understand your financial situation. if you choose to proceed with a support option, we will be clear on what this means for your credit file and overall costs.
Overdraft – Repeat Use
Overdraft Repeat Use is the term we use for regular use of and repeated reliance on an overdraft. Using an overdraft in this way is an expensive way to borrow money.
If we identify you as being in Repeat Use – we will send you a letter to let you know and highlight ways in which you could reduce your overdraft. We’ll also ask you to contact us so we can support you and understand your current circumstances. We may also try and contact you by phone.
