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)
An overdraft is a way of borrowing money. If you decide to use an overdraft, you're responsible for paying it back. If you're unable to repay, your credit score could be impacted. Most lenders will use your credit score when deciding what to lend to you.
You can make changes to your arranged overdraft in our mobile app or via Online Banking. Here's what you need to know.
* Eligible students in third year onwards can apply for up to £3250 from 2nd October 2023.
Year 1 £3,250 Interest free buffer
Year 2 £2,250 interest free buffer
Year 3 £1,250k interest free butter
*2022 & 2023 graduates can apply for up to £3,250 from 2nd October 2023.
We'll help you understand the basics of how overdrafts work.
Please note: if you apply on a joint account, we will only assess the eligibility of the person applying.
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.
