Unauthorised overdraft fees

If you use the Coventry First current account to make payments when:

• You do not have enough money in your account and have not agreed a formal overdraft arrangement with us;

  or

• The payment takes you over the limit of your formal overdraft arrangement;

you may have to pay charges as a result.

We've put together some examples of our charges for making payments from your account when you haven't enough money available to cover them.

Click here for examples of our charges

We developed these examples with the Office of Fair Trading and leading consumer groups to help you to think about how changing the way you use your account can affect the amount we may charge you.

These examples are meant to show how different actions can result in different charges. They are only examples so you shouldn't see them as actions you might take and charges you might have to pay.

We may not allow you to use your account in the ways shown. For example, in some instances we will not allow payments from your account whilst you are in an unauthorised overdraft position or if a payment would take you into an unauthorised overdraft position. You should avoid going overdrawn wherever possible and you should contact us if you need help to manage your account or are struggling with your finances.

We could add other charges to your account if you try to make payments when you do not have enough money.

Details of other charges
Interest rates for Coventry First

Choose an example from the table that shows how you might manage your Coventry First current account. If you have recent bank statements, use these to help you choose. Once you have worked out reasons why you might be charged, it could help you to avoid charges in future.

It is important to note that:

• We do not allow you to operate your Coventry First current account in excess of the authorised overdraft limit.
• The charges in the table represent the charge(s) we make for returning Direct Debits and Standing orders when you have insufficient funds to pay them.
• There is no unauthorised overdraft facility on the Coventry First current account.
• If your account exceeds your overdraft limit a £25 monthly unauthorised overdraft usage fee will also apply.

Click here for examples of our charges