How to reduce or avoid fees, charges and interest

How to reduce or avoid fees, charges and interest

There are a number of ways you can reduce, or even avoid, overdraft fees, service charges and interest.
Keeping track of your money is vital to help you know exactly where you stand. Here are some useful tips to help you do that.​​

Get an account that matches your needs

Consider the features all our personal bank accounts offer to make sure that you have the right account for your needs.

Use digital banking to check how much money is in your account

Keep control of your account by checking your balance regularly. With eBanking, Mobile Banking and Tablet Banking, there are more ways than ever to stay on top of your finances 24 hours a day, no matter where you are. All of these services allow you to:

  • check your account balances and view records of payments to and from your account; and
  • transfer funds from your other Danske Bank accounts if your balance is low, to make sure you stay in credit.

Find out more about ways to bank with us.

Alerts

Set up free text or email alerts

We offer a range of alerts that can be managed through eBanking. We can tell you:

  • what your balance is (you can arrange daily, weekly or monthly alerts);
  • when a payment is made from your account;
  • when a payment is made to your account; and
  • when your account balance falls below a certain amount set by you.

You can receive alerts by email or by text message to your mobile phone.

Find out more about email and text services.

Avoid unarranged overdrafts

If you occasionally need to have extra funds available in your current account, you should talk to us about arranging an overdraft. Arranging an overdraft in advance will cost you less in interest and charges than going overdrawn when you do not have an overdraft in place.

To help avoid going into unarranged overdraft - by February 2018, if we hold a valid mobile number for you (and you have not opted out), we will send you a text message to let you know that your current account is in or is about to go into unarranged overdraft. This will give you the opportunity to take action to avoid unarranged overdraft charges. You can provide or update your mobile number on digital banking or by speaking to a member of staff.

Please remember that overdrafts are repayable on demand. This means you will have to repay the overdraft in full when we ask you to.

Use cash machines for mini-statements and checking your balance

You can check your balance and order mini-statements showing recent payments to and from your account at any Danske Bank cash machine in Northern Ireland. You can do this any time of the day or night.

Try to keep your account in credit

You will not pay any overdraft charges if you keep your account in credit.

Avoid unarranged overdrafts

If you occasionally need to have extra funds available in your current account, you should talk to us about arranging an overdraft. Arranging an overdraft in advance will cost you less in interest and charges than going overdrawn when you do not have an overdraft in place.

Please remember that overdrafts are repayable on demand. This means you will have to repay the overdraft in full when we ask you to.

Make sure your arranged overdraft matches your needs

Stay within your arranged overdraft limit and make sure that the limit matches your needs. There is no point in having an overdraft limit you don't really need.

Make sure you have funds available to cover what you buy

Don't use a debit card if you do not have enough money available in your account to pay for whatever you buy.

Pay in funds to cover a payment due to be taken from your account

We allow you time to manage your account. So if a standing order, direct debit or other payment is due to be taken from your account, we give you time to bring your account into credit, or within your arranged overdraft limit, by paying in or transferring cash on the day the payment is due to be paid.

The cut-off time for paying in or transferring funds depends on the type of payment that is due to be made. The detailed times are set out in the payment table.

Arrange suitable dates for direct debits and standing orders

If your direct debits or standing orders are leaving your account on an inconvenient date, you should review your monthly incomings and outgoings and arrange to change the payment dates to ones that are more suitable for you.

If you want to change the date a direct debit leaves your account you will have to contact the company that takes the direct debit.

You can change the date a standing order leaves your account through eBanking, or by contacting your branch.

Note: If you want to change the date a Danske Bank loan payment is taken from your account, you should contact your branch. Changing the payment date may affect the amount of interest that you have to pay on a loan.

Make sure you understand the monthly cap that applies to your account

We have introduced a monthly cap on the charges you will have to pay for using an unarranged overdraft. If you go into an unarranged overdraft, you will never be charged more than the monthly cap that applies to your account.

Monthly cap on unarranged overdraft charges

  1. Each current account will set a monthly maximum charge for:
    • going overdrawn when you have not arranged an overdraft; or
    • going over/past your arranged overdraft limit (if you have one).
  2. This cap covers any:
    • interest and fees for going over/past your arranged overdraft limit;
    • fees for each payment your bank allows despite lack of funds; and
    • fees for each payment your bank refuses due to lack of funds.

For more information on the monthly cap for your account, including the amount of the monthly cap, the fees the monthly cap applies to, and how the monthly cap works, view our current accounts or refer to our Fees and service charges explained brochure.

Merge all your banking into just one account

By transferring all your bank accounts to just one account you could reduce the number of overdraft fees you have to pay in the future, as you would only pay fees for one account rather than separate accounts, which would save you money.

For example, you would pay just one overdraft usage fee each month rather than paying overdraft usage fees on each account you may have.

Speak to us if you are in financial difficulties

If you are having financial difficulties, let us know as soon as possible. We will do all we can to help you overcome your difficulties.

Budget calculator and other tools

If you would like to get a better understanding of your finances, we have created a useful budget calculator to help you work out your monthly income, expenses and living costs.

You can also get free advice and easy-to-use tools to help with managing your money from the Money Advice Service.


Important Information

  • Whether we provide credit depends on your circumstances, and you must be 18 or over. Lending terms and conditions apply.
  • Arranged overdrafts are repayable on demand. This means you will have to repay the overdraft in full when asked to do so. You may need to provide security for overdrafts.
  • eBanking, Mobile Banking, Tablet Banking and the Danske Text Service may be temporarily unavailable when we are carrying out routine maintenance.
  • You must be registered for and logged into eBanking using your Access ID to be able to use Danske Mobile Bank and Danske Tablet Bank Apps. Danske Mobile Bank App is available on iOS and Android devices and Windows Phones. Danske Tablet Bank App is available for Android and iOS devices.
  • Call charges may vary. Please contact your phone company for details.

Crystal Mark 2214​​​​​​​​​​​​

Contact
0345 6002 882

Chat with us

General Service Mortgages Current Accounts Personal Loans Savings eBanking Guidance Technical Support  

 

Contact us

Customer information Useful numbers Book Appointment Become a customer eBanking FAQs

Find out more

Find a branch Danske Mobile Bank App Danske Tablet Bank App