Voyage

Voyage FAQs

How your Voyage arranged overdraft works

With some banks, you know that an overdraft can mean complex fees and confusing charges. Not with us. We believe you should have access to something altogether more compelling.

With the Voyage account arranged overdraft:

• You’ll pay interest at a rate of 5% plus the Bank of England Base Rate per annum (as that rate varies from time to time). This is a Tracker rate.
• Interest will be charged daily and applied monthly until you repay all amounts due to us.
• The first £1,000 of our arranged overdraft will not be subject to overdraft interest.
• You’ll incur absolutely no additional charges when you remain within your limit.
• There are no arrangement, usage or renewal fees.
• Your arranged overdraft is repayable on demand.
• Unarranged overdraft interest is charged at 5% plus the Bank of England Base Rate per annum (as that rate varies from time to time). This is a Tracker rate.
• You can use your card to spend money that you have in your Voyage account. If a payment causes you to go into an arranged overdraft, we will charge you interest on this at the rate of 5% per annum (variable) above the Bank of England base rate (as that rate varies from time to time). If a payment causes you to go into an unarranged overdraft, we will charge you interest on this at the rate of 5% per annum (variable) above the Bank of England base rate (as that rate varies from time to time). The Bank of England base rate is available here.
• If you have any questions about our charges, or charges that have appeared on your statement, please call us on : 0333 207 9423  (+44 (0)20 7597 4988 if calling from outside the UK).

Representative rate

Based on an arranged overdraft of £1,200, the interest rate you will be charged is 1.56% EAR** (variable). This gives a representative rate of 776.77% APR*** (variable).

How does our overdraft compare?

A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the representative APR. The APR shows the cost of borrowing over a year and includes our £500 account fee.

Arranged overdraft requests are subject to credit approval, and are only available to permanent residents of the UK, the Channel Islands or the Isle of Man.

Visit the Voyage Arranged Overdraft page >


** Equivalent Annual Rate is a representative interest rate that shows the rate you would pay if you remained overdrawn for a year.
*** The Annual Percentage Rate shows the cost of borrowing over a year, including the interest you’ll have to pay and applicable fees. It is intended to be used to help you compare the cost of our overdraft with other overdrafts and lending products. 

Where can I find more information on the fees relating to my account?

• An annual fee of £500 for maintaining the account is payable from the date your account is opened. We will deduct the first year’s fee 30 days after the account opening date and we will deduct the fee automatically every twelve months after that. If you or we close the account after you have paid the fee, we will repay you the proportion of the fee representing the number of full months remaining for that year.
• We don’t charge any foreign currency fees when you use your Investec card in certain countries. This includes, when you make a debit card payment in a foreign currency, receive a credit (e.g. refund) to your debit card in a foreign currency; or make a cash withdrawal in foreign currency outside the UK. Any of these transactions made elsewhere and outside the UK will incur a foreign currency fee of 2% of the value of the transaction. To find out more click here. Local ATMs may also charge a usage fee.
• Your Investec InTransit app offers you and one guest unlimited access to over 1300 DragonPass airport lounges around the world. The charge for each additional guest is £20. Additional fees may be payable to DragonPass should you wish to purchase additional benefits. These fees are payable directly from within the Investec InTransit app.
• As our lounge provider has changed from Priority Pass to DragonPass any ongoing use of a Priority Pass membership will incur a fee of £20 per visit from 1 June 2025.
• No other fees are charged to your account.
• If you have any questions about our charges, or charges that have appeared on your statement, please call us on : 0333 207 9423  (+44 (0)20 7597 4988 if calling from outside the UK).

Please see the Fee Information Document and the terms of your account for more information about our fees for this account.

Does my voyage account pay interest?

Interest rates

• The interest rate that will be paid on your account is 0.00% gross p.a./AER* variable.
• Interest, where applicable, is calculated daily and paid monthly, on your statement date.
• We paid interest on accounts held with us without the deduction of tax. This does not mean interest is tax free income and your individual tax treatment depends on your specific circumstances.
• At the end of the tax year we will send you an interest certificate and it is your responsibility to settle the tax owed with HMRC. We cannot provide specific tax advice and if you have any questions, you should seek professional tax advice. Alternatively, further guidance can be found on the HMRC website www.hmrc.gov.uk. Please bear in mind your tax treatment may change in future.

Here are the historical rates that have been paid on the account:

From	To	Rate
11 June 2024		0.00% gross p.a./AER* variable interest.
22 October 2020	10 June 2024	0.10% gross p.a./AER* variable interest paid on balances up to £250k and 0.00% gross p.a./AER* variable on any portion of funds over this amount.
4 December 2017	21 October 2020	0.50% gross p.a./AER* variable interest paid on balances up to £250k and 0.05% gross p.a./AER* variable on any portion of funds over this amount.
30 January 2017	3 December 2017	0.50% gross p.a./AER* variable interest paid on balances up to £1m and 0.25% gross p.a./AER* variable on any portion of funds over this amount.
10 October 2016	29 January 2017	1.00% gross per annum AER* on balances up to £1m and 0.25% gross per annum/0.25% AER* variable
1 July 2015	9 October 2016	1.50% gross per annum/1.51% AER* on balances up to £1m and 0.25% gross per annum/0.25% AER* variable
1 November 2012	30 June 2015	1.50% gross per annum/1.51% AER*

 

Gross means the interest rate payable before the deduction of tax.

*AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. The AER is intended to be an indicative rate to help you compare the return on different savings products. Interest is variable and is paid monthly.