Lloyds overdraft: the real cost
Cheaper than most overdrafts on the board.
What 30 days overdrawn costs
| Amount overdrawn | Cost over 30 days |
|---|---|
| £100 | −£2.17 |
| £250 | −£5.43 |
| £500 | −£10.87 |
29.9% EAR · No interest-free buffer
How the £250 figure is worked out
- Amount charged interest
- £250
- Daily rate from 29.9% EAR
- 0.0717%
- Cost over 30 days
- −£5.43
#7 of 15 cheapest at £250 · cheapest right now: First Direct →
Rate history
- 28 August 2026 · EAR 39.9% → 29.9%
Sources
- Lloyds’s published overdraft rate page · checked 28 August 2026
Common questions
How much does the Lloyds overdraft cost?
At £250 overdrawn for 30 days, Lloyds charges −£5.43 at its advertised 29.9% EAR. At £100 it’s −£2.17; at £500, −£10.87.
Does Lloyds have an interest-free buffer?
No. Interest applies from the first pound of an arranged overdraft.
Is Lloyds the cheapest overdraft?
Not at £250 overdrawn: it ranks #7 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.