Personal overdraft

Planned Overdraft

A Planned Overdraft is a pre-agreed borrowing facility on your current account.

When you agree a Planned Overdraft with us we will send you a confirmation letter with details of your overdraft, such as the limit, interest and charges.

Our Personal Banking terms and conditions set out other further terms for your Planned Overdraft, such as:

• how and when you can end a Planned Overdraft;
• that we can ask you to repay a Planned Overdraft, or reduce your overdraft limit, at any time;
• how we can make changes to our rates and charges; and
• how, on joint accounts, we can rely on the instructions from any one of you to make changes to a Planned Overdraft (but we will let the other joint account holders know of any changes we have made).

We will tell you personally about the charges and interest you have to pay at least 14 days before we take them from your account. You will then pay interest on them unless your account is in credit.

We ask that you make regular payments into your account while you are using your Planned Overdraft.  Please also remember that all overdrafts are repayable on demand, even where we have agreed them for a specific period.

Your overdraft is provided by Lloyds TSB bank plc or Lloyds TSB Scotland plc, whichever you hold your account with. 

You can find out details of our current Planned overdraft borrowing interest rates.

Get an overview about personal overdrafts.