Rates correct as at 05 August 2016.
We set the credit interest rate, which is variable (that is, it can change). We will give you two months' written notice if we reduce the credit interest rate. If we increase the credit interest rate on your account, we will make the change immediately. Interest is added to your account at the end of each calendar month.
The arranged overdraft interest rate can change and is currently as shown below.
||Arranged overdraft interest rate
||Arranged overdraft interest rate (EAR)|
|Arranged overdraft balance of £100 or less
|Arranged overdraft balance of more than £100
18.09% EAR Variable
No arrangement fee
£1,200 total amount of credit
The arranged overdraft interest rate is made up of two parts-the Bank of England Bank Rate (BOEBR) and an amount over the BOEBR (known as the 'margin'), which are both variable rates. We set the margin on an arranged overdraft. When the Bank of England Bank Rate changes, we change the rate at the beginning of the next business day after the Bank of England announces the change. We will give you two months' written notice before we increase the margin that applies to your account.
Transaction and package fees
||Danske Cash Reward
|Monthly account fee
||We will take an account fee of £2 from your account each month, including months you do not qualify for the cash reward.
|Cash withdrawals at one of our branch counters
||You can make up to four cash withdrawals at a branch counter each calendar month free of charge. For each extra cash withdrawal out of your account at one of our branch counters, we will charge you the fee shown opposite.
||You can make up to four cheque payments (see the note below) each calendar month free of charge. For each extra cheque paid out of your account during that month, we will charge you the fee shown opposite.
If you make a payment out of your account at a branch counter, we will count this as a cheque payment.
|Setting up the arranged overdraft
||No fee for arranged overdrafts of up to £7,500.
1% fee for any amount over £7,500.
|Arranged overdraft usage fee
||We charge this fee in any month that you go overdrawn but stay within an arranged overdraft limit.
Overdraft balance of £100 or less
Overdraft balance of more than £100
|Paid transaction fee
||Each day that we allow a payment from your account even though you did not have enough money in your account, or enough of an overdraft, we will charge a paid transaction fee, up to the monthly cap set out below. The most we will charge you each day is £25.
We will not charge this fee if the amount you are overdrawn by is £5 or less.
|Unpaid transaction fee
||When we return an item, such as a cheque or payment request, without paying it (sometimes known as ‘bouncing’ an item) because you do not have the funds available in your account, we will charge an unpaid transaction fee for each item that is not paid, up to the monthly cap set out below.
We will not charge this fee if the amount you would have been overdrawn by is £5 or less.
|Unarranged overdraft usage fee
||We charge this fee in any month that you go overdrawn when there is no arranged overdraft in place, or you go over an arranged overdraft limit without our permission, up to the monthly cap set out below. We will not charge this fee if the amount you are overdrawn by, or over your arranged overdraft by, is £5 or less.
||For this account there is a monthly cap of £75 on unarranged overdraft charges. 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
- 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).
- 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.
Each calendar month we will charge a maximum of three fees and service charges for using, or trying to use, an unarranged overdraft. We will charge any paid transaction or unpaid transaction fees first, up to the value of the monthly cap. If the total of these fees does not already meet the monthly cap, we will apply the unarranged overdraft usage fee if appropriate.
A range of charging scenarios is available to show you the charges you will be expected to pay if you try to spend money that isn't in your account and you haven't arranged an overdraft, or if you spend money that takes your account into unarranged overdraft.
Information on how to reduce or avoid fees, charges and interest is available. Follow the link to read our recommended steps.