How can I avoid interest surcharges on an overdraft?
An interest surcharge occurs when you go into an unauthorised overdraft on your current account. You can prevent this from happening by taking the following simple steps:
- Ensure your account balance does not exceed the agreed overdraft limit.
- Check your account regularly to ensure that your balance is within the agreed limits.
- Ensure your account is in credit for at least 30 days of every year.