Knowledge Hub
Overdrafts
Why bank overdrafts have quietly become one of the most expensive ways to borrow — and what to do if you can't clear the balance.
All categories2 articles
Guide4 min read
Why overdrafts became so expensive — and how to escape
Since 2020, most UK banks charge a single interest rate on overdrafts, often 35%–40% APR. Here's what that means for your balance.
Read the full guideGuide3 min read
Getting out of a persistent overdraft
Overdrafts feel like part of your account, but they're a debt. Here's how to move out of the red for good.
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