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How SafetyNet Credit works

SafetyNet Credit is straightforward to use - find out all the details here.


Need help?
Call 0800 180 8400 or contact us

Representative Example:

0.8% per day
for up to 40 days (292% per annum, variable)
68.7% APR (variable)
For free independent money advice, see moneyadviceservice.org.uk
SafetyNet Credit offers a permanent revolving line of credit with no minimum or maximum repayment terms. Representative 68.7% APR.

Preventing unauthorised overdraft charges

How can SafetyNet Credit’s automatic top-ups help me?

SafetyNet Credit monitors your account and when your balance drops to a pre-agreed level, we can automatically lend you money to stop you falling into your unauthorised overdraft and incurring charges.

How do I switch automatic deposits ‘on’

If your application is approved, you’ll be able to access your personalised dashboard where you can switch automatic deposits ‘on’.

You will also need to set the level that will trigger a loan to be automatically transferred to your account, but don’t worry — we will guide you through this.

How does it work?

Because SafetyNet Credit‘s secure credit facility is linked to your current account, it monitors your balance and when it reaches a pre-agreed level, can automatically send you a loan so you avoid entering your unauthorised overdraft.

What does borrowing cost?

  • We charge 80p per day for every £100 you borrow
  • SafetyNet Credit only charges interest for the days you borrow the money
  • You can make a repayment at any time - from your SafetyNet Credit dashboard
  • It’s free to link your account with us even if you don’t borrow anything