Please note that there are still occasions when payments can still go through, even if you don't have sufficient funds available in your account. You'll not have to pay unplanned borrowing charges or debit interest on any unplanned borrowing. This could happen when:
- There's not enough money in your account (or you have exceeded your agreed overdraft limit should you have one), to cover the £7.50 monthly fee or any interest charges.
- You use your debit card at a retailer that doesn't check whether you have available funds for the purchase.
- You spend money abroad, and the foreign exchange rate fluctuates between the date you made the transaction and the date it's charged to your account.
- We have to take the money from your account when a cheque you paid in is returned unpaid.
- A transaction is passed to us from a retailer outside of our normal timescales for processing transactions.
- You have agreed that a retailer may charge a higher amount than originally authorised or substitute different goods after your card purchase was authorised (for example where substitute goods may have a higher price or in the case of transactions for hotels or car hire services).
You should check your current account regularly to ensure that there are always sufficient funds for regular payments, bills and household expenses, as they may not be paid if paying them would take you into unplanned borrowing. This could include very important payments, such as your mortgage or insurances, and you may incur charges from the providers of these products.
You can check your account by mobile and telephone banking, online or at a cash machine, and you should do this regularly. You may also want to change the dates of your standing orders and Direct Debits to ensure they fall when you have sufficient funds in your account to pay them. Your local branch will be happy to help you set up the payment arrangements.
If you're switching from an existing Clydesdale Bank account to Current Account Control, please make sure that you have sufficient funds to cover any payments made before the account switch that are charged to your account afterwards.
You can cancel your agreement with us within 14 days of opening your account by contacting us in branch, by phone or in writing. Please check terms and conditions for more information.
Your eligible deposits with Clydesdale Bank plc are protected by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Clydesdale Bank and Yorkshire Bank. Any deposits you hold above the limit between these brands are unlikely to be covered. Please ask for further information or visit www.fscs.org.uk (opens in a new window)