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Overdraft coronavirus support calculator

Find out how much an arranged overdraft could cost you based on our temporary overdraft support

If you’re still in financial difficulty because of coronavirus, or reasonably expect to be, we may be able to help.

You can apply for 3 months’ temporary overdraft support.

Get more help and guidance on how to apply.

The calculator below will help you work out how much you could be charged for overdraft use with our temporary support in place.

You can use our standard overdraft calculator to work out charges based on our standard pricing. 


Representative Example: Based on an assumed arranged overdraft of £1,200 for an HSBC Bank Account, the rate is 0% EAR (variable) on the first £25, 39.9% EAR (variable) on anything after that, giving a representative rate of 38.9% APR (variable)

This representative example isn't reflective of the temporary overdraft measures put in place from 9 April to support our customers.

Calculator assumptions

  • the amount borrowed is drawn down in full at noon on the date of calculation
  • you're overdrawn for a continuous period – you don’t dip in and out of your overdraft
  • at the time you go into your overdraft the balance of your current account is £0
  • no other credits and/or debits will be made from the account during the borrowing period
  • the outstanding balance will be repaid in full on the last day of the borrowing period
  • the interest rate will remain the same during the whole borrowing period

Important to know

Overdraft interest rate: This is the interest rate that currently applies to borrowing under an overdraft. EAR stands for equivalent annual rate. It takes account of the interest rate and how often interest is charged. It does not include any other fees or charges.

How to find your overdraft limit: If you are an existing customer, you can view your overdraft limit by logging on to online banking, or the mobile app, or on a recent statement.

Unarranged overdrafts

An unarranged overdraft is one we haven’t agreed with you in advance.

You’ll use an unarranged overdraft either:

  • if there isn’t enough in your account to cover a payment
  • if you've gone past your arranged overdraft limit

The Maximum Monthly Charge for unarranged overdraft borrowing on our accounts is £20.

Monthly cap on overdraft interest

Each current account will set a monthly maximum charge for:

  • going overdrawn when you have not arranged an overdraft
  • going over/past your arranged overdraft limit (if you have one)

This cap covers any:

  • interest for going over/past your arranged overdraft limit
  • fees for each payment your bank allows despite lack of funds
  • fees for each payment your bank refuses due to lack of funds

Check if you're eligible

Find out if you're likely to get an arranged overdraft, without affecting your credit score.

Using this tool won't affect your current arranged overdraft if you already have one with us.

It’s easy to get in touch online. Talk to us directly through our chat channels.