You can use the representative APR to compare with other products or credit providers, this can help you make sure that you choose the right type of borrowing for you. Representative example (based on using a Reward Current Account)Īn arranged overdraft on a Reward Current Account has a variable interest rate of 39.9% EAR, and a variable representative rate of 39.9% APR, based on borrowing £1,200. We will let you know this rate in the pre contract credit information we give you if you apply for an arranged overdraft. The daily arranged overdraft interest rate will be based on how you manage any accounts with us and on the credit information we hold about you. Once your six month interest-free period ends we will charge interest daily.
QUICK DRAFT REWARDS FREE
What happens after the 0% interest free period ends? Have applied, and been approved for an arranged overdraft on your new Halifax account.Have not used the offer within the last 12 months.This service means your old account will be closed and all your payments transferred to your new Halifax account. Use the Current Account Switch Service.
To qualify for the interest-free offer you must: You can use it to borrow money up to an agreed limit through your bank account.
An arranged overdraft can act as a useful safety net. To help you during your switch, we may be able to arrange an interest-free arranged overdraft for 6 months, subject to application and approval. 6 months 0% interest free arranged overdraft when you switch
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