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Student Current Account, Cardcash and Easycash debit interest
Variable interest charged on overdrawn balances
Amount of planned overdraft Planned overdraft rate Unplanned overdraft rate
Student Current Account £3,000 or less Interest free
1.82% a month
(0% EAR)
(24.2% EAR)
Over £3,000 0.58% a month
1.82% a month
(7.2% EAR)
(24.2% EAR)
Cardcash n/a n/a 2.20% a month
(29.8% EAR)
Easycash n/a n/a n/a
Representative example
So, if you use a planned overdraft of £1,200 the interest rate we charge will be 0% EAR variable.
For planned Student Current Account overdrafts of more than £3,000 we will charge interest at the
planned rate on the whole of the overdraft.
EAR is the equivalent annual rate. This is the actual annual interest rate for an overdraft. It doesn’t take
into account fees and charges.
There is no debit interest to pay if you are aged under 18.
Fees for Student Current Account, Cardcash and Easycash
Type of transaction Description Fee
Returned item fee A fee we charge where you do not have enough available
money to make a payment and we do not agree to give you
or extend an unplanned overdraft. In this case we will not
make the payment.
Unplanned overdraft
monthly fee
A fee we charge for every month in which you at any time
have an unplanned overdraft.
£10
(Charged no more than 3 times a day on Cardcash
and Easycash accounts and no more than once a
day on Student Current Accounts)
£28
(Student Current Accounts only)
We will not charge Returned items fees if you are aged under 18.
If we have a valid reason, we can choose not to charge a fee that you would otherwise have to pay.
Ultimate Reward Current Account monthly account fee
The Ultimate Reward Current Account has a monthly account fee which we take from your account on
the first working day of the month.
If you open a new account after the first working day of the month, that account fee will be
proportionate and taken on the first working day of the following month.
If you pay £1,000 or more into your account in the previous calendar month we will reward you with a
lower monthly account fee.
If you... then you... Monthly account fee
pay in £1,000 or more in the previous calendar month will pay a lower monthly account fee £10
don’t pay in £1,000 or more in the previous calendar month will pay the full monthly account fee £15
If you close your account the lower monthly account fee will not be applied and you will pay a
proportion of the full monthly account fee (£15) for the month of closure.
Key information
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