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Advance Overdraft

Tailored to suit you

We’re all different, with our own approach to managing money – and our accounts reflect this. If you tend to use your overdraft regularly, choose our Preferred Overdraft Rate Bank Account, which offers a 12-month interest-free overdraft – as long as you pay in at least £1,000 a month.

If you’re generally in credit, switch to the Preferred In-Credit Rate Bank Account where you’ll receive a great rate of interest and still enjoy a four-month interest-free overdraft to help you through the switching process.

For more information, take a look at our Price list. Or to apply now, phone 0845 724 724*or call into your local branch.

Why choose the Preferred Overdraft Rate Bank Account?

  • Interest-free overdraft for 12 months when you transfer to the Preferred Overdraft Rate Bank Account using our free Bank Account Transfer Service and pay in £1,000 each month.
  • A competitive overdraft rate (currently Typical 12.9% EAR (variable) see Note 1 below) after the first 12 months when you pay £1,000 into your account each month.
  • Easy access – we have over 700 branches.
  • 24-hour access to your money with telephone and online banking.

Please see The Abbey Bank Account – Preferred Overdraft Rate page for more details

For more information, please read the full terms and conditions and interest rates pages.

Note 1 EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes into account how often we charge interest to the account and does not include any other fees or charges.

Rates correct as at 8 June 2009

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