Virgin Money overdraft: the real cost
Cheaper than most overdrafts on the board.
What 30 days overdrawn costs
| Amount overdrawn | Cost over 30 days |
|---|---|
| £100 | −£1.50 |
| £250 | −£3.76 |
| £500 | −£7.51 |
19.9% EAR · best tier · No interest-free buffer
How the £250 figure is worked out
- Amount charged interest
- £250
- Daily rate from 19.9% EAR
- 0.0497%
- Cost over 30 days
- −£3.76
#6 of 15 cheapest at £250 · cheapest right now: First Direct →
Rate history
No rate changes on record: verified unchanged back to May 2020 across 27 archived snapshots of Virgin Money’s own pages, and checked daily since tracking began 28 August 2026.
Sources
- Virgin Money’s published overdraft rate page · checked 28 August 2026
Common questions
How much does the Virgin Money overdraft cost?
At £250 overdrawn for 30 days, Virgin Money charges −£3.76 at its advertised 19.9% EAR. At £100 it’s −£1.50; at £500, −£7.51.
Does Virgin Money have an interest-free buffer?
No. Interest applies from the first pound of an arranged overdraft.
Is Virgin Money the cheapest overdraft?
Not at £250 overdrawn: it ranks #6 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.