Managing your Overdraft
Ways to keep your arranged overdraft interest as low as possible.
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If you go into your arranged overdraft throughout the day, make sure you repay your arranged overdraft by the end of the day to avoid paying the daily arranged overdraft interest for that day.
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- Register for Mobile Banking to manage your account on the move, learn how to register
- Update your mobile number to receive alerts when you are being charged daily arranged overdraft interest. Find out how to register for our text alerts or push notifications.
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- Check your balance after pending to make sure you've enough money in your account to pay for everything due. The money in your account has to be available to withdraw - for example, you must wait for any cheques you have paid into your account to be available
- If a Direct Debit payment is due at a difficult time in the month for you - for example, just before you get paid - contact the company and ask them if they'll collect it at a more convenient time.
- Check your statements and make a list of the dates of your Direct Debits, standing orders and other regular payments - for example, mortgage, loan or rent.
- Keep a record of any cheques you write and when they have been paid, so that you know how much money is left in your account. Someone can pay a cheque into their account up to six months after you've written it.
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Current account support
Learn how to get the most out of your Lloyds current account with our support pages.
