Overdraft cost calculator
You can use our cost calculator to give you an idea of how much a Danske overdraft could cost you, or how much going over your overdraft could cost.
Check how likely you are to be offered an overdraft on a personal current account
- It won't affect your credit rating
- Fill in your details and get a response before you apply
How to request an arranged overdraft
You can apply for an overdraft at the same time you’re opening a new current account – online (maximum overdraft of £500), in branch, or on the phone.
If you want to add an overdraft to a current account you already have you can also apply on eBanking (maximum overdraft of £500), or if you want to increase your existing overdraft you can apply in branch or on the phone.
Danske Prestige and Principal account holders should contact their Relationship Manager to discuss any overdraft requirements they may have.
Keeping an eye on your balance
Overdraft alerts can help you manage your account and may also help you avoid charges. If you give us your mobile number we'll automatically register you to get text alerts when you go into arranged or unarranged overdraft.
The arranged overdraft text will tell you when you have started to use the overdraft and help you monitor your arranged overdraft use.
The unarranged overdraft text will tell you when you go overdrawn, for example when a payment leaves your account and you don't have enough funds to cover it. It will also tell you how much you need to pay into your account and by what time, helping you stay in control of your finances.
If you change your mind later and want to stop getting these texts, or if you didn't give us your number and you want to start getting them, please contact us.
You can also ask us to text or email you when your account balance falls below a certain amount. You can sign up for this in eBanking, under ‘Mobile Services' then ‘Account balance service’.
Reducing an overdraft
If you think your overdraft is more than you need, or if you want to remove it from your account, contact your branch or phone 0345 602 2998
If you wish to cancel your overdraft, you’ll need to repay any amount you have borrowed first.
How we display your balance if you have an overdraft
It’s important to know when you’re spending your own money and when you’re using your overdraft.
That’s why, when you check your balance at our cash machines or online, any remaining overdraft will be shown separately from your account’s available balance.
Rates correct as at 1 June 2020.
We have put some temporary measures in place for our overdraft customers, to find out more please read our Coronavirus: Overdraft Support for Personal Current Account Customers guide..
The table below does not include details of these temporary changes.
The Annualised Rate tells you how much an overdraft would cost you over a year, expressed as a percentage. It includes the interest you’d be charged, (including interest on that interest), but doesn’t include any fees or other charges.
The Danske Cash Reward % APR representative variable includes the £2 monthly account fee. The Danske Choice Plus % APR representative variable includes the £11 monthly package fee and the Danske Prestige % APR representative variable includes the £18 monthly package fee.
The arranged overdraft interest rate is made up of two parts-the Bank of England Bank Rate (BOEBR) and an amount over the BOEBR (known as the 'margin'), which are both variable rates. We set the margin on an arranged overdraft. When the Bank of England Bank Rate changes, we change the rate at the beginning of the next business day after the Bank of England announces the change. We will give you two months' written notice before we increase the margin that applies to your account.
Monthly cap on unarranged overdraft charges
- Each current account will set a monthly maximum charge for:
- going overdrawn when you have not arranged an overdraft; or
- going over/past your arranged overdraft limit (if you have one)
- This cap covers any:
- interest and fees for going over/past your arranged overdraft limit;
- fees for each payment your bank allows despite lack of funds; and
- fees for each payment your bank refuses due to lack of funds
Each calendar month we will charge a maximum of three unpaid transaction fees or three returned item fees.
- Read our terms and conditions
- How to reduce or avoid fees, charges and interest
- Glossary – an explanation of the terms used in all our documents
- Whether we will provide credit depends on your circumstances. You may need to provide security for overdrafts
If you do not understand any point and want to find out more, please contact us on 0800 660 033.