Co-operative Bank overdraft: the real cost
Pricier than most overdrafts on the board.
What 30 days overdrawn costs
| Amount overdrawn | Cost over 30 days |
|---|---|
| £100 | −£2.55 |
| £250 | −£6.38 |
| £500 | −£12.77 |
35.9% EAR · No interest-free buffer
How the £250 figure is worked out
- Amount charged interest
- £250
- Daily rate from 35.9% EAR
- 0.0841%
- Cost over 30 days
- −£6.38
#11 of 15 cheapest at £250 · cheapest right now: First Direct →
Rate history
No rate changes on record: verified unchanged back to August 2025 across 75 archived snapshots of Co-operative Bank’s own pages, and checked daily since tracking began 28 August 2026.
Sources
- Co-operative Bank’s published overdraft rate page · checked 28 August 2026
Common questions
How much does the Co-operative Bank overdraft cost?
At £250 overdrawn for 30 days, Co-operative Bank charges −£6.38 at its advertised 35.9% EAR. At £100 it’s −£2.55; at £500, −£12.77.
Does Co-operative Bank have an interest-free buffer?
No. Interest applies from the first pound of an arranged overdraft.
Is Co-operative Bank the cheapest overdraft?
Not at £250 overdrawn: it ranks #11 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.