Overdraft price promise
Helping to support small business customers
We're committed to helping small businesses to keep on trading with confidence in today's uncertain market conditions. That's why we've introduced the overdraft price promise.
Our price promise means that we'll:
- Keep the price of small business overdrafts fixed until the end of 2009 at the earliest
- Keep all overdrafts for small businesses in place for at least 12 months from the date they were agreed
We're committed to putting a freeze on any increase in small business customer overdraft pricing until the end of 2009, provided there's no change to the risks associated with lending to them. We're also committed to keeping overdraft facilities in place for 12 months from the date of agreement.
The committed overdraft pledge applies to customers with a turnover of less than £1 million, subject to the agreed terms and conditions continuing to be met.
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