Overdraft figures for the United Kingdom, from the Bank of England, the Financial Conduct Authority and StepChange.
The effective interest rate on overdrafts to individuals was 20.79 per cent in the United Kingdom in September 2026.
Source: Monthly average of UK resident banks' sterling weighted average interest rate - overdrafts to Individuals and individual trusts (in percent) not seasonally adjusted, Bank of England, September 2026
Not seasonally adjusted. The Bank release describes this as the rate on interest-charging overdrafts.
The average quoted interest rate on overdrafts was 34.52 per cent in the United Kingdom in September 2026.
Source: Monthly interest rate of UK monetary financial institutions (excl. Central Bank) sterling overdrafts to households (in percent) not seasonally adjusted, Bank of England, September 2026
Not seasonally adjusted. Monthly average of advertised (quoted) rates; the Bank states the advertised rates come from an independent service (Moneyfacts), weighted by lender volumes.
In 2024, 21 per cent of adults in the United Kingdom were overdrawn on a current account (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Survey estimate, base all UK adults; fieldwork 5 February to 16 June 2024
Among new clients completing first-time debt advice at StepChange, 32% had overdraft debt at the time of advice in September 2026.
Source: Monthly Client Data Report: September 2026, StepChange, September 2026
Monthly Client Data Report, September 2026 edition (published October 2026); clients who first received debt advice in the month; the report presents rounded whole numbers and says percentages may not add to 100%.
In 2024, an estimated 11,358,855 adults in the United Kingdom were overdrawn on a current account (now or in the previous 12 months).
Source: Financial Lives 2024 survey: Annex A (Product holdings), Financial Conduct Authority, 2024
Gross weighted estimate of UK adults; fieldwork 5 February to 16 June 2024
Firms opened 26,629 complaints about overdrafts in the United Kingdom in the first half of 2026.
Source: Aggregate complaints data 2026 H1, Financial Conduct Authority, H1 2026
Complaints reported to the regulator by regulated firms; H1 is 1 January to 30 June; excludes complaints against firms authorised only for consumer credit.
The average amount of overdraft debt among new clients completing first-time debt advice at StepChange was £1,604 in 2025.
Source: Statistics Yearbook 2025 data sheet, StepChange, 2025
Statistics Yearbook 2025 data sheet; calendar year; clients' first fully completed debt advice session.
The effective interest rate on overdrafts to individuals was 19.77 per cent in the United Kingdom in December 2022.
Source: Monthly average of UK resident banks' sterling weighted average interest rate - overdrafts to Individuals and individual trusts (in percent) not seasonally adjusted, Bank of England, December 2022
Not seasonally adjusted. The Bank release describes this as the rate on interest-charging overdrafts.
The effective interest rate on overdrafts to individuals was 10.08 per cent in the United Kingdom in December 2019.
Source: Monthly average of UK resident banks' sterling weighted average interest rate - overdrafts to Individuals and individual trusts (in percent) not seasonally adjusted, Bank of England, December 2019
Not seasonally adjusted. The Bank release describes this as the rate on interest-charging overdrafts.
The effective interest rate on overdrafts to individuals was 20.79 per cent in the United Kingdom in September 2026. The average quoted interest rate on overdrafts was 34.52 per cent in the United Kingdom in September 2026. In 2024, 21 per cent of adults in the United Kingdom were overdrawn on a current account (now or in the previous 12 months).
The effective interest rate on overdrafts to individuals was 20.79 per cent in the United Kingdom in September 2026.
The average quoted interest rate on overdrafts was 34.52 per cent in the United Kingdom in September 2026.
In 2024, 21 per cent of adults in the United Kingdom were overdrawn on a current account (now or in the previous 12 months).