About arranged overdrafts
An arranged overdraft is an overdraft that has been agreed with us in advance. It can be used as a short-term safety net for unexpected bills or payments. You'll only pay interest on your arranged overdraft balance if you use it.
Features and benefits:
About unarranged overdrafts
If you go overdrawn or exceed your arranged overdraft, this is known as an unarranged overdraft. This means that it hasn't been agreed with us in advance.
If you don't have enough money in your current account to make a payment, we may let you borrow through an unarranged overdraft or refuse to make the payment. Bear in mind that missing payments and using an unarranged overdraft can damage your credit score, so please call us as we may be able to help.
All overdrafts are subject to our assessment of your circumstances and are repayable in full on demand. You must be aged 18 or over to apply.
If you're looking to borrow money, it is important you compare and choose the right options for you based on your circumstances.
How much will it cost me?
Our cost calculator will let you know how much your borrowing will cost you. Keep in mind that from 6th April 2020, our cost of borrowing will change. You can check the cost of borrowing before or after the 6th April by using the options below.
To speak to one of our Client Service Consultants about an overdraft, please call 0345 602 6200. If you are overseas, please call +44 131 5499011.
We are open 8am to 8pm Monday to Friday and 9am to 4pm on Saturday.