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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?

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 access to funds

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

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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?

Use our eligibility checker to find out whether you’re likely to be accepted before you apply. It just takes a few minutes and it won't impact your credit score.

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

Returned payments

An Unpaid Transaction Fee of £1.55 is charged for a transaction that we return unpaid. A transaction (e.g. a Direct Debit) will be returned if the payment cannot be met from funds in your account or any unused arranged overdraft facility and we decide in our discretion not to make the payment.

Charging periods

Charges are accrued during a charging period. At the end of the charging period you will be notified of the total amount owed and when it will be taken from your account - this will be 21 days after the end of the charging period.

Types of overdrafts

What is an arranged overdraft?

An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account. This could help you manage your money if you have to cover short-term expenses such as an unexpected bill.

What is an unarranged overdraft?

An unarranged overdraft is when you spend more money than you have and you haven’t previously arranged an overdraft limit with us, or you have exceeded your existing overdraft limit.

Free text alerts

If you start to use an arranged or unarranged overdraft, we'll send you free text alerts to keep you updated.

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

* Eligible students in third year onwards can apply for up to £3250  from 2nd October 2023. 

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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 £1,250k interest free butter

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

*2022 & 2023 graduates can apply for up to £3,250 from 2nd October 2023. 

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Ready to start?

Increasing or applying for an overdraft?

You can apply to increase your limit if:

  • You are aged 18+ and living in the UK
  • You have an eligible NatWest bank account which you pay your salary or a regular amount into
  • You, or any parties on your account, have not been declared bankrupt in the last 6 years

Please note: if you apply on a joint account, we will only assess the eligibility of the person applying.

Check if you're eligible

Use our free eligibility checker before you apply to see if you’re likely to be accepted. It only takes a few minutes and there’s no impact on your credit score.

If you have a joint account, we recommend that you both check your eligibility, as you could each be eligible for different levels of borrowing.

If you've already checked, you're good to move on below. 

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

What would you like to do today?
What device are you using?
Are you using your mobile, or something else, to apply for a overdraft?
Is our app on the device you’re using right now?
The NatWest app is the easiest way for you to apply for a overdraft. Do you have it on this device?

Great, let's get started

Just a heads up - you'll be asked to log into the NatWest mobile app to start your loan application.

Do you have NatWest online banking?
If you know your online banking details we can pre-fill some of your info - making the application process faster.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Online Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Online Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Online Banking

You’ll need to sign up for Online Banking with us in order to apply for an overdraft. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest Debit Card, if you have one.

Do you have Online Banking?
Got Online Banking? We’ll pre-fill some of your info – so it’s faster for you to apply.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Online Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Online Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Online Banking

You’ll need to sign up for Online Banking with us in order to apply for a overdrafts. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest debit card, if you have one.

What device are you using
Are you using your mobile, or something else, to apply for a overdraft?
Is our app on the device you’re using right now?
The NatWest app is the easiest way for you to apply for a overdraft. Do you have it on this device?

Great, let's get started

Just a heads up - you'll be asked to log into the NatWest mobile app to start your loan application.

Do you have NatWest online banking?
If you know your online banking details we can pre-fill some of your info - making the application process faster.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Online Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Online Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Online Banking

You’ll need to sign up for Online Banking with us in order to apply for an overdraft. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest Debit Card, if you have one.

Apply on your mobile device now

Scan the QR code on your mobile device that has the NatWest app – and you can apply for your overdraft right away.

You can then apply in a flash, as we’ll pre-fill some of your info.

Do you have Online Banking?
Got Online Banking? We’ll pre-fill some of your info – so it’s faster for you to apply.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Online Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Online Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Online Banking

You’ll need to sign up for Online Banking with us in order to apply for a overdrafts. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your NatWest debit card, if you have one.