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Overdraft calculator

See how much it could cost you to use a personal overdraft facility on your account

Tell us about your overdraft needs

You can use our calculator to find out how much an overdraft through your HSBC current account could cost over a period of up to 31 days.

An overdraft is a short-term credit facility for borrowing money on your current account. It can help in months where there are extra expenses and unplanned events. Overdrafts are not generally suitable for long-term borrowing. Use of an overdraft will normally result in you being charged interest.

Overdrafts are subject to status and aren't available if you're under 18 or hold an HSBC Basic Bank Account. The figures displayed are given as a guide only. They are based on assumptions rather than precise calculations.

If you have any further queries, or need help understanding your overdraft, please visit our FAQs section.

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Representative example: Based on an assumed arranged overdraft of £1,200 for an HSBC Bank Account, the rate is 0% EAR (variable) on the first £25, 39.9% EAR (variable) on anything above that, giving a representative rate of 38.9% APR (variable).

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.

Calculator assumptions

  • the amount borrowed is drawn down in full at noon on the date of calculation
  • you are overdrawn for a continuous period – you don’t dip in and out of your overdraft
  • at the time you go into your overdraft the balance of your current account is £0
  • no other credits and or debits will be made from the account during the borrowing period
  • the outstanding balance will be repaid in full on the last day of the borrowing period
  • the interest rate will remain the same during the whole borrowing period

Glossary of terms

  • overdraft interest rate - This is the interest rate that currently applies to borrowing under an overdraft. EAR stands for equivalent annual rate. It takes account of the interest rate and how often interest is charged, and does not include any other fees or charges
  • how to find your overdraft limit – If you are an existing customer you can view your overdraft limit by logging on to online banking or the mobile app or on a recent statement

How much does my overdraft cost in pounds and pence?

Here are some examples of how much it would cost if you borrowed £500 of your agreed overdraft:
Account 7 days 30 days 60 days
Bank Account £3.10 £13.29 £26.59
Advance Bank Account £3.10 £13.29
£26.59
Graduate Bank Account £0.00 £0.00
£0.00
Premier Account (retained Jade benefits) £0.00 £0.00
£0.00
Private Banking Account £0.00 £0.00
£0.00
HSBC Premier Bank Account
£0.00 £0.00
£0.00
Student Bank Account £0.00 £0.00
£0.00

How much does my overdraft cost in pounds and pence?

Here are some examples of how much it would cost if you borrowed £500 of your agreed overdraft:
Account Bank Account
7 days £3.10
30 days £13.29
60 days £26.59
Account Advance Bank Account
7 days £3.10
30 days £13.29
60 days £26.59
Account Graduate Bank Account
7 days £0.00
30 days £0.00
60 days £0.00
Account Premier Account (retained Jade benefits)
7 days £0.00
30 days £0.00
60 days £0.00
Account Private Banking Account
7 days £0.00
30 days £0.00
60 days £0.00
Account HSBC Premier Bank Account
7 days £0.00
30 days £0.00
60 days £0.00
Account Student Bank Account
7 days £0.00
30 days £0.00
60 days £0.00

Unarranged Overdraft Interest

We will normally charge you unarranged overdraft interest of 39.9% EAR variable on any day your account is in unarranged overdraft. We won’t charge unarranged overdraft interest if covering funds are paid in before the end of the day (defined as 23:45).

We won't charge you more in unarranged overdraft interest than the maximum unarranged overdraft agreed in that charging month. For example, the cost of a £15 unarranged overdraft will be limited to £15.

The monthly cap on unarranged overdraft interest for your account is £20.

A charging month normally starts on the day of the month you originally opened your account.

Unarranged overdrafts

You’ll have to pay interest if you have an unarranged overdraft. The overdraft costs table displays the amount of interest that applies to each current account. The maximum monthly charge in interest for going above your overdraft will be £20 per month.

Monthly cap on unarranged overdraft charges

1. Each current account will set a monthly maximum charge for:

    (a) going overdrawn when you have not arranged an overdraft; or

    (b) going over/past your arranged overdraft limit (if you have one).


2. This cap covers any:

    (a) interest and fees for going over/past your arranged overdraft limit;

    (b) fees for each payment your bank allows despite lack of funds; and

    (c) fees for each payment your bank refuses due to lack of funds.

Check if you're eligible

Find out if you're likely to get an arranged overdraft, without affecting your credit score.

Using this tool won't affect your current arranged overdraft if you already have one with us.

Frequently asked questions

It's easy to answer your query online. Visit our Help page to find out how.