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Arranged overdrafts

See the estimated overdraft limit you could be eligible for

Representative 39.49% APR (variable)

How does our overdraft compare?

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Benefits of an arranged overdraft

An arranged overdraft allows you to go overdrawn up to an agreed limit, so it could help cover an unplanned expense. Think of it as a short-term safety net for your current account. 

Only pay interest if you use it

Quick

It takes about 5 minutes to apply in Online Banking or the mobile app ( applies)

Manage my existing overdraft

You can make changes to your arranged overdraft in our mobile app or via Online Banking. Here's what you need to know.

Why chance it? Check if we’ll say ‘yes’.

Check if you could get an overdraft before you apply. It’s free to check, takes minutes and won’t affect your credit score.​

Got a joint account? We suggest you each check, as you might get different results.

How do overdraft costs work?

Overdraft costs

Arranged overdraft charges

We don’t charge fees for using an arranged overdraft – we only charge interest on the amount of overdraft you use. The interest you pay depends on the type of current account you have with us. 

Unarranged overdraft charges

If you go into an unarranged overdraft, we will charge interest (this will also depend on the type of your current account). The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80.

Further costs details

Types of overdrafts

How much does my overdraft cost in pounds and pence?

Choose your current account to view the interest costs when you use a £500 overdraft.

See how much interest you might pay

Use our overdraft cost calculator to see how much interest you’d pay based on your own circumstances and borrowing amount.

Our Student and Graduate overdrafts

Student overdrafts

  • Interest-free overdraft - get an overdraft of up to £2,000  from year one (Limited to £500 in term one year one), with an instant online decision. Students can a apply for up to £3,250 interest free from year three onwards.
  • Handy text alerts to help you manage your borrowing

 

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Graduate overdrafts

  • Graduates can apply for up to £3,250 in the first year after graduation .

Year 1 £3,250 Interest free buffer

Year 2 £2,250 interest free buffer

Year 3 £1,250 interest free buffer

  • Manage your overdraft online or in the mobile app (app criteria apply) 

 

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OK, let's start...

Increasing or applying for an overdraft?

To apply for an overdraft or increase it, you must:

  • Be 18+ and live in the UK.
  • Have an  and pay a regular amount, like a salary, into it.
  • Not have been bankrupt in the last 6 years, or anyone else on your account.

Got a joint account? We’ll only check the eligibility of the person who applies.​

We’ll start with a soft credit check. This won’t affect your credit score. 

Now, please take a look at this important info

Please take some time to review, print and/or save the below important documents.

All okay? Let's go