Citi United Kingdom
Important Links

Cover unforeseen expenses with an overdraft

  • Overview
  • Features
  • Managing your overdraft
  • Eligibility
  • Fees & Rates

At a glance

  • Interest-free overdraft up to £500
  • Overdraft facilities above this amount at competitive rates

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 Citigold comes in, offering you an interest-free current account overdraft up to £500 and overdraft facilities above this amount at competitive rates.

Overdrafts are subject to status, additional verification and checks. Overdrafts are repayable on demand and are subject to Terms and Conditions.

Citi UK adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
A copy of the Statement of Lender and Borrower Responsibilities can be found here.

  • Interest-free overdraft up to £500 on your Sterling Citigold account
  • If you go into an unarranged overdraft or over your arranged overdraft limit by £10 or less, you will not pay any overdraft fees or interest

Citigold offer clients an interest-free overdraft up to £500. You will need to apply for any overdraft above this amount - up to a limit of £5,000. You can apply by visiting a branch or using Citi Online or talking to your Relationship Manager. 

There is no fixed end date for an overdraft and it will continue until either you or Citi notifies the other about ending the arrangement. In this case, you will need to repay all outstanding amounts immediately. You can close your overdraft by visiting a branch or using Citi Online or talking to your Relationship Manager.

Citi Online

Your overdraft transactions and balance are easy to monitor with Citi Online or Citi Mobile app. You can also set up an alert with our Citi Alerts service to be notified when your account is overdrawn

Relationship Manager

Your Relationship Manager can give you more information about our overdraft and lending services to fit your current financial needs.

CitiPhone

If you need to speak to someone, simply call us.

Our CitiPhone Personal Bankers are available at any time, day or night to support you with your queries.

To be eligible for a £500 interest and fee-free overdraft you must credit your Citi current account with a minimum of £50 per month. If you request an overdraft of more than £500, we will advise you of the minimum amount you must credit your account with each month to retain your overdraft facility. 

All Overdrafts are available upon request. The interest for the Overdrafts over £500 will be charged at the current rate of interest. 

Overdrafts are subject to status, additional verification and checks. Overdrafts are repayable on demand and are subject to Terms and Conditions.

There is no interest or fee to pay on a £500 overdraft, provided you have a minimum of £50 per month in your Citigold account. 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.

For overdrafts of £501 - £5,000, you can benefit from interest rates at 9.9% EAR (variable) when you open a Citigold Current Account. 

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. Rates correct as at 7 April 2014 and are subject to change. Please see the Rates and Charges Information for current overdraft arrangement fees.

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

Start your Citigold relationship

Citigold is available if you maintain a minimum average monthly balance of £150,000 (or currency equivalent) across all your Citi UK accounts, including investments.

Speak to our UK team 0207 500 1992

Already with Citi? Contact your relationship manager or send a secure message via Citi Online

Offshore investments

We offers a diverse range of banking and investment services, including for those who want access to offshore investments

FInd out more

Just moved to the UK?

We can save you time money and hassle. If you are a foreign national in the UK, Citi's International Banking Service can help you manage your money, home and away.

FInd out more