Current Account Overdrafts

In an ideal world every bill and expense would always be covered and our bank balances would remain permanently in the black. In reality though, we all experience times when we need a little financial breathing space and flexibility.

That's where Citibank comes in, offering you a interest-free current account overdraft of £500¹ and overdraft facilities above this offering an attractive rate of 13.9% EAR.

Sterling Current Accounts

• £500 interest-free current account overdraft¹ one of the market leaders
• Up to £10,000 current account overdraft
• Attractive interest rate of 13.9% EAR* typical (variable)
• Citigold current account holders can benefit from interest rates at 9.9% EAR typical (variable)

If you already have an account with us and want to arrange an overdraft you can visit one of our branches, use Citibank Online or call CitiPhone on 0800 00 55 00.

Important Information

1. To be eligible for a £500 interest and fee-free overdraft you must credit your Citi current account with a minimum of £1,250 per month. If you do not pay the minimum amount in any month, the £500 overdraft facility will be removed and we will charge interest on any overdrawn balance at the unarranged overdraft rate unless the account is funded within six weeks of Citi notifying you that the minimum credit has not been met. Overdrafts over £500 are available upon request and interest will be charged at the current rate of interest detailed in the Interest Rates and Charges Information. If you request an overdraft of more than £500, we will advise you of the minimum amount how much you must credit to your account with each month to retain your overdraft facility. Overdrafts are subject to status, additional verification and checks. Overdrafts are repayable on demand and are subject to Terms and Conditions.

*The EAR is the Effective Annual Rate and is used to express the cost of borrowing on current accounts. The EAR takes into account the rate of interest charged, the frequency it is levied to accounts and compounding of interest. It does not include overdraft fees.

Information on the test case process and complaints in respect of unauthorised overdraft charges.

Rates correct as at 1 November 2009 and are subject to change.

Please see the Rates and Charges Information for current overdraft fees.