Free tool
Overdraft cost calculator
Overdrafts are priced as EAR, which hides the real cost. Put your numbers in — then see cheaper options in our borrowing guide.
£1,000
35%
30
Most UK banks price overdrafts as EAR with no daily fees. Some use different structures or fee-free buffers — check your bank's terms.
Cost of £1,000.00 overdrawn for 30 days
£24.97
at 35% EAR
Per day
£0.82
Per 30 days
£24.97
Per year
£350.00
Persistent overdraft debt is expensive — £1,000.00 at 35% EAR costs about £350.00 a year, often more than the same balance on a 0% money-transfer card or a low-rate personal loan. Compare options in our borrowing guide.