How much will my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 at our different rates of 15%, 25%, and 35% EAR (variable) can be seen below:

15% EAR

7 days

£1.35

30 days

£5.81

60 days

£11.62

25% EAR

7 days

£2.16

30 days

£9.33

60 days

£18.66

35% EAR

7 days

£2.92

30 days

£12.63

60 days

£25.26

7 days

30 days

60 days

15% EAR

£1.35

£5.81

£11.62

25% EAR

£2.16

£9.33

£18.66

35% EAR

£2.92

£12.63

£25.26

You can also use our calculator tool to work out how much your arranged overdraft borrowing would cost over our three rates based on the size of your overdraft and how long you borrow for.

See how much a Starling overdraft could cost you from 1st April 2020

£1£5000
Borrowing£for
days will cost you
 CostRate (% APR variable)
15%
  1. 15% EAR variable with no fees or usage charges
  2. Based on interest charge being applied on 15th of subsequent month
25%
  1. 25% EAR variable with no fees or usage charges
  2. Based on interest charge being applied on 15th of subsequent month
35%
  1. 35% EAR variable with no fees or usage charges
  2. Based on interest charge being applied on 15th of subsequent month

It’s worth noting

In scenarios that are greater than one calendar month (60 days and 90 days), it is assumed that all interest and other charges are repaid by the borrower in full at the time they are charged. These are not capitalised and therefore, do not increase the interest incurred in a subsequent month.

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