Keeping on top of your overdraft interest

Keep an eye on your balance

  • Register for Mobile Banking to manage your account on the move keep an eye on your balance, learn how to register here.
  • Update your mobile number to recieve alerts when you are being charged daily arranged overdraft interest, so that you stay on top of your finances. Find out how to register for our text alerts or push notifications.

Use our Grace Period

If you do not have enough funds at the beginning of a day to make a payment:

  • You have until 2.30pm to pay money into your account to make the payment that day.
  • If a payment takes you overdrawn, you have until midnight to pay money into your account to avoid daily arranged overdraft interest for that day.

The money needs to be immediately available to use, so you could transfer money from another personal account you have with us via Internet Banking or Telephone Banking or pay in cash over the counter in branch.

If there are still not enough available funds, we will make a final try on the next working day before rejecting the payment. Details of our fees and charges can be found in the Banking Charges guide.

If you're worried about money

If you are struggling with your finances, having problems repaying, or worried about the increased cost of living, you are not alone. We are here to help you get back on track.

If you're having financial difficulties and are unable to make your normal monthly loan repayment, it's always better to let us know. We're here to listen and help, without any judgement. Picking up the phone wont affect your credit score.

Please take a look at our money worries page, visit any Bank of Scotland branch, or call us in confidence to discuss your circumstances.

More help with money worries

Apply for an arranged overdraft

Have you already got a current account with us that offers an arranged overdraft?

Click the ‘Apply now’ button to sign into Internet Banking, then select ‘Overdrafts’ from the left hand ‘Our products and services’ panel, or alternatively from your bank account, select ‘More actions’ and then ‘Overdraft’.

If you already have an arranged overdraft you can apply to increase, decrease or remove your arranged overdraft from your Internet bank account.

Apply now

Useful information

Understanding interest and charges

Managing your overdraft limit

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.