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Cover unforeseen expenses with an overdraft facility

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  • Overdraft Overview
  • Overdraft Features
  • Overdraft Eligibility
  • Overdraft Fees and 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 facility up to £500 and overdraft facilities above this amount at competitive rates.

General information on overdrafts and additional details on the overdraft facility that we can provide can be found here.

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 facility up to £500 on your Pounds (GBP) Citigold account
  • If you need to apply for any overdraft above £500, 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 facility 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 facility by visiting a branch or using Citi Online or talking to your Relationship Manager.
  • 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

Amount of arranged overdraft I intend to use

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 pay a minimum of £50 per month into your Citigold account. If you do not pay the minimum amount in any month, the £500 overdraft facility will be removed and your overdrawn balance will be classified as an the unarranged overdraft.

For overdrafts above £500, 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 21st Feb 2021 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.

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£ £500 fee free amount £20000

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1 day 31 days
Total arranged overdraft cost

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The Overdraft Calculator can show you how much it would cost if you were to go overdrawn on your Citi current account. The outputs of the calculator are based upon the information you’ve provided and the assumptions listed below. As Citi do not charge interest on Unarranged Overdrafts (note other transaction related fees may apply), the calculator shows your charges for using an Arranged overdraft only.
  • The amount borrowed is drawn down in full at noon on the date of calculation.
  • You are overdrawn for a continuous period starting at noon on the date of calculation.
  • At the time the borrowing is drawn down, the balance of the personal current account is £0.00;
  • No credits will be made to the account during the period.
  • No other debits will be made from the account during the period.
  • The outstanding balance of capital, interest and other charges will be repaid in full at noon on the last day of the period.
  • The interest rate and other charges will remain the same during the borrowing period.

Start your Citigold relationship

Citigold is available if you have an average monthly balance of £150,000 (or currency equivalent) across all your Citi UK accounts, including investments, or if you hold an account with Citi International Personal Bank in London or Jersey. If you don't meet either of these criteria, a monthly fee of £75 will apply.

Or Speak to an Acquisition Manager 0207 500 1992 (for new clients only)

Already bank with Citi? Please contact your Relationship Manager or send a secure message via Citi Online

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