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What is the best way to manage my overdraft?

An overdraft is designed to be used for temporary borrowing needs, for example, at the end of the month before payday or for unexpected bills. It is not designed to be used as a permanent borrowing facility.

Can I take out a loan to repay my overdraft?

It may make financial sense to do this and we will be happy to discuss if this is the best approach for you. Please call us or visit your local branch.

I currently have a big overdraft, how can I remove it?

Overdrafts are recommended for short-term borrowing only. If you find yourself using your overdraft most of the time, there could be other ways to manage your finances.

If you have any concerns about how these price changes could affect you, a Financial Health Check can be arranged in any of our branches to review your finances and the suitability of your banking products.

If you’re concerned about your wider personal finances, you can get free and independent debt advice from National Debtline (opens in a new window), Citizens Advice (opens in a new window), StepChange (opens in a new window) or call StepChange Debt Charity on 0800 138 111.

You can also cancel your overdraft online (opens in a new window).