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Bank Account Pay Monthly

A simple account with a ‘buffer’ for unarranged emergency borrowing. There is no longer a monthly fee for using this account

The bank account with a built-in safety net

Stay in control of your money with our Bank Account Pay Monthly. It's got everything you need for everyday banking, plus a £50 buffer for unarranged borrowing.

To apply, you'll need to be 18+ and live in the UK or EU. This account is only available in branches.

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Here's what you get with your Bank Account Pay Monthly

Multiple ways to bank

Bank online, on our app, by phone or in branch. However you want to manage your money, we've got you covered.1

An emergency buffer

Your account comes with a £50 unarranged overdraft buffer designed to cover short-term emergency borrowing. Learn more.

An optional arranged overdraft

You can also apply for an arranged overdraft (subject to status), handy for unexpected expenses. Learn more.

Manage your account easily with our app

Stay on top of your money with our Mobile Banking app. Wherever. Whenever. Along with the basics like viewing your balance, you can pay in cheques, temporarily freeze your card if you lose it, and more.

Know exactly where your money goes

Our app can also help you stay on top of your budget. Easily keep track of your spending with instant notifications.2

See your spending broken down into categories and set targets to help control it with Spending insights and Monthly budgets. And use our smart tools to quickly see how much you'll have left after taking care of bills and other essentials.






Get 24/7 support

Got a question? Get in touch. You can chat to us in-app, over the phone, by Live Chat on our website, or by popping into one of our 100s of branches nationwide.

Things to know before you apply

Ready to apply? Before you do, there are a couple of things you should check you're happy with.

About overdrafts and your £50 interest-free buffer

When you apply for this account, you'll have the option to apply for an arranged overdraft.

An arranged overdraft allows you to borrow money (up to an agreed limit) if there’s no money left in your account. This can be useful if you're hit with an unexpected bill, for example.

If a payment would take you past your arranged limit (or if you don’t have one), we may (subject to status) allow you to borrow using the £50 interest-free buffer that comes with this account. However, you won't be able to borrow any more than this, as we won't agree to any payment requests that would take you over your arranged limit and the £50 buffer.

The £50 interest-free buffer is a form of unarranged overdraft (where you go overdrawn without agreeing it with us first). There's a chance that payments you try to make using an unarranged overdraft may be declined. However, we'll always try to allow essential payments if we can.

We report account activity, including overdraft usage, to credit reference agencies. An unarranged overdraft lasting more than 30 days could have a negative impact on your credit rating.

You can apply for an arranged overdraft when you open your account, or at any time later. You can ask to increase, remove or reduce your limit at any time in online or mobile banking, by phone or in-branch. Your new limit can't be less than what you owe.

Overdrafts are designed for short-term borrowing only, and are subject to status.

Overdraft text alerts

If we’ve got your mobile number, we’ll send you an SMS text alert if you’ve gone overdrawn or we know you’re about to. These alerts are designed to help you manage your overdraft usage and avoid being charged interest.

You can opt out of overdraft text alerts by calling us or asking us in-branch – but remember you’ll be opting out for all your current accounts with us. If you opt out or we don’t have an up-to-date number for you, you could end up paying interest you might otherwise have avoided.

What are the overdraft charges for this account?

Arranged borrowing: If you have an arranged overdraft, the first £25 you borrow is interest free. If you go overdrawn by more than that, you'll need to pay interest on the amount you borrow (up to your arranged limit) at the rate shown in the representative example below.

Unarranged borrowing: If you borrow more than your arranged limit (or if you don't have one), you may be able to use the £50 interest-free buffer that comes with this account (subject to status). However, we won't agree to any payment requests that would take you over your arranged limit and the £50 buffer.

Representative example: 0% EAR (variable) on the first £25, 39.9% EAR (variable) on anything above that, giving a representative annual percentage rate (APR) of 38.9% APR (variable). Based on an arranged overdraft of £1,200.

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.

To find out more, visit our Overdrafts page, where you can find out if you’re eligible for an arranged overdraft and use our overdraft cost calculator.


Who can apply?

Apply for your account now

Our Bank Account Pay Monthly Account is only available in branches. To apply, please visit us in branch.

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Additional information

1. Our mobile banking app is currently available on iPhones and iPads running on iOS 12 or higher and Android devices with an operating system of 5.0 or higher.
2. You'll need to opt in to receive instant notifications. You can do this in our app. This feature is currently being rolled out and may not yet be available on all devices.
3. EAR stands for effective annual rate. This is how all UK banks must show interest rates on their overdrafts, to make it easier for you to compare one bank’s overdraft with another. Please note that it doesn’t include any fees you might be charged in addition to interest.
4. APR stands for annual percentage rate. This is the rate at which someone who is borrowing money is charged, calculated over a period of 12 months. It takes into account not just the interest, but also any other charges you may have to pay, as well as any interest-free amount.

It's easy to answer your query online. Visit our Help page to find out how.