Choice Current Account

A current account with a cap on overdraft charges

Choice Current Account image

What you can get

  • Arranged overdraft (subject to status) Short term borrowing for those unexpected costs — learn more in the 'Overdrafts and charges' section
  • Arranged overdraft interest capped at £30 per month.
  • No unarranged overdraft interest - if you exceed your agreed arranged overdraft limit and enter into an unarranged overdraft, you'll still incur the arranged overdraft interest

Eligibility

 

  • You're over 18 and live in the UK permanently

 

Account fee

There’s no monthly fee to maintain the account.

The Fee Information Document (PDF - 138 KB) details the main fees and charges, on this account, including those associated with using an overdraft facility.

For further explanation of our main terms and services take a look at our glossary

An overdraft lets you borrow through your current account. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. There is a cost associated with using an overdraft. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. This could make it harder or more expensive to get credit with us or other providers in the future. Find out more about overdrafts

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance.

An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time.

An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit.

When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances. If we allow a payment, it will take you into an unarranged overdraft. We don’t charge fees for allowing or refusing a payment due to lack of funds.

How much will it cost

The table below shows you how you’ll be charged for using your overdraft. 

How does our overdraft compare? The purpose of a representative APR is to enable customers to compare the costs associated with different credit products.

Arranged overdraft interest and chargesRepresentative 29.94%  APR/ 29.94% EAR (variable). 
Unarranged overdraft interest and chargesRepresentative 0% APR/ EAR (variable)

The Choice Current Account has a monthly total overdraft interest cap of £30.  

Representative example
The Choice Current Account has a total monthly fee cap of £30. If you use an arranged overdraft of £1200 you’ll be charged an interest rate of 29.94% APR/ 29.94% EAR (variable) Actual credit limit may differ. No monthly fee for maintaining the account applies.

 

 

 

 


There are other charges with this account, such as when you use your card abroad. Please refer to the Terms and Conditions for details. 

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with the General Terms and Conditions. 

You'll be automatically set up to receive text alerts when:

  •  your account makes or may make use of an unarranged overdraft
  • you have regular payments due on your account and you don't have funds to cover them
  • where a payment is refused as you don't have enough funds.

You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase.

We'll send the alerts before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. If we don't have a valid mobile number for you, we might not be able to reach you. 

You can also register for other account alerts to help you stay on top of your finances. For example, alerts to advise you when your balance has fallen below a set limit, or have had a deposit into your account greater than a set amount.

For more information visit Account alerts

You can manage your alerts settings at any time by using Online Banking, calling us on 0330 9 123 123 or visiting a branch. 

If your circumstances change and you need further support with managing your money or if you’re in debt, please visit our If your finances are a struggle page for further support.

This account also comes with

£300 ATM withdrawal per day
Online and Mobile Banking with text and email alerts
Access to the Santander branch network

Information correct as at 2 April 2025.

Key Facts Document and Terms & Conditions

We’ll email you copies, but you should read and consider these documents before you change your account (you can also print or save them). If you have any questions or need further information, please contact us.

To see these documents, you may need to download Adobe Reader

Please note, if you have a Basic Current Account you can’t change your account to the Choice Current Account.

Paper-free

  • We’ll send your statements and other important information to your e-Documents section in Online Banking.
  • You can ask to receive your statements and important information by post using Online Banking, in one of our branches or by phone.
  • If you want more information on paper-free, or you don’t want to receive your documents this way then contact us.

If you are changing the account on behalf of other applicants, you must have their authority to act on their behalf.

Before changing to this account, you should consider any future changes to your financial circumstances that may impact your ability to manage it.

Continue