Glossary of terms

We’re changing the way we describe some banking services.

Over the next few months, the words we use to describe some of our banking fees and services will change. So for example, instead of “Planned overdraft”, we’ll say “Arranged overdraft”, and “Sterling” will become “Pounds”.

The way we provide these services will not change and the fees we charge will stay the same – only the wording will change and will apply to all our UK personal current accounts.

We’re making these changes to meet with European regulations that require all banks to use common descriptions for the banking services people use most. 

You can find a full list of standard terms for current account services in the Glossary of Terms document (PDF, 95KB).