---
title: HSBC Overdraft Rate & Real 30-Day Cost (August 2026)
description: HSBC charges −£6.30 for 30 days overdrawn at £250 (39.9% EAR, first £25 interest-free). See the full cost table and how it compares with all 15 UK banks.
image: https://overdrafts.com/brand/og/hsbc.png
canonical: https://overdrafts.com/hsbc/
updated: 2026-08-28
---

# HSBC overdraft: the real cost

Pricier than most overdrafts on the board.

## What 30 days overdrawn costs

| Amount overdrawn | Cost over 30 days |
| --- | --- |
| £100 | −£2.10 |
| £250 | −£6.30 |
| £500 | −£13.29 |

39.9% EAR · First £25 interest-free

## How the £250 figure is worked out

Amount charged interest (£250 − £25 interest-free)

£225

Daily rate from 39.9% EAR

0.0920%

Cost over 30 days

−£6.30

#10 of 15 cheapest at £250 · cheapest right now: [First Direct →](https://overdrafts.com/first-direct/)

## Rate history

-   28 August 2026 · interest-free amount £0 → £25

## Sources

-   [HSBC’s published overdraft rate page](https://www.hsbc.co.uk/current-accounts/products/overdrafts/) · checked 28 August 2026

## Common questions

### How much does the HSBC overdraft cost?

At £250 overdrawn for 30 days, HSBC charges −£6.30 at its advertised 39.9% EAR, after the first £25 interest-free. At £100 it’s −£2.10; at £500, −£13.29.

### Does HSBC have an interest-free buffer?

Yes. The first £25 of an arranged overdraft is interest-free, and interest applies only above that.

### Is HSBC the cheapest overdraft?

Not at £250 overdrawn: it ranks #10 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.

[← Back to the leaderboard](https://overdrafts.com/#board)

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