Overdrafts

Check your eligibility

What is an overdraft? An arranged overdraft allows you to borrow up to a limit based on your requirements and personal circumstances and agreed with us in advance.

Eligibility Tool - Check to see if you're likely to be eligible for an arranged overdraft using our Eligibility Tool.

Arranged overdraft features and benefits

• Applying for an arranged overdraft won’t affect your credit score.
• Borrow money up to an agreed limit through your current account and you’ll only be charged for the amount you use.
• You can apply to increase or reduce your arranged overdraft limit, as well as remove your arranged overdraft at any time in branch or via Internet, Mobile, or Telephone Banking in just a few simple steps.

How much does it cost?

• Interest charged daily, only if you use it - Daily arranged overdraft interest is charged at the end of each day that you use your arranged overdraft. There is no fee for setting up your arranged overdraft.
• Cost Calculator - Use our calculator to work out how much arranged overdraft borrowing could cost over different periods of time.
• Grace period - You have until the end of the day to bring your account back in to credit to avoid daily arranged overdraft interest for that day. You can do this by transferring money from another personal account you have with us or paying in cash over the counter in a branch.

Arranged Overdraft Cost Calculator and Eligibility Tool

Try the following tools to find out how much your arranged overdraft would cost and help you decide if borrowing money through an arranged overdraft might be right for you.

How to apply for an overdraft

If you already have a current account with us, you can apply for an arranged overdraft in branch or through Internet, Mobile, or Telephone Banking. Arranged overdrafts are available to customers aged 18 or over and are subject to our assessment of your personal circumstances. They are not available on our Under 19s, Smart Start, and Basic accounts.