What does the Overdrawn Accounts indicator show?
The Overdrawn Accounts indicator measures the proportion of people whose accounts frequently have a negative balance.
How It’s Calculated
This measure is based on anonymised, aggregated bank account data over the previous 5 weeks:
- Negative Balance Events: We track each time an account balance drops below £0.
- Threshold Criteria: Accounts are flagged if they had 2 or more negative balance events during this period.
- Proportion Counted: The indicator shows the percentage of all accounts in an area that meet this threshold.
Tip:
A higher proportion suggests that more people are going into negative balance or running out of funds on a recurring basis.
Note:
This indicator was previously called Overdraft Usage. The new name Overdrawn Accounts better reflects how the measure is calculated.
If there’s something specific you’d like to see included, please contact our team to share your suggestions.