Posted 2nd Apr
From 9th April until 9th July 2020, the first £500 of arranged overdraft will be interest free. If your arranged overdraft is lower than this amount, all of it will be interest free. This is being rolled out across various banks including Lloyds, Bank of Scotland, Halifax, HSBC and Santander. First Direct are looking to bring this change within the next week. Worth checking with your provider for any changes if you need support.
Just seen on the news that the FCA have told the banks that they must offer the first £500 at 0% on overdrafts to help people out with their finances at this difficult time for some.