Overlay
Arranged overdraft
Typically used for covering short-term spending or unexpected expenses.
This is an option to consider if you’re able to quickly repay.
Representative example
Effective Annual Rate (EAR)
39.49% (variable)
Representative Annual Purchase Rate (APR)
39.49% (variable)
Assumed credit limit
£1,200
How does our overdraft compare
A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.
How much will an overdraft cost?
Here’s an example of the interest if you use a Select current account’s £500 arranged overdraft with 39.49% APR.
| 7 days | 30 days | 60 days |
|---|---|---|
| £3.24 | £13.87 | £28.13 |
Use our handy Overdraft Cost Calculator to under the overdraft costs of other amounts.
Minimum requirements
Must be UK resident, aged 18+, pay regularly into your NatWest current account (e.g. your salary), and not been declared bankrupt in the last 6 years to apply.