What you'll get with an overdraft from NatWest
An arranged overdraft allows you to go overdrawn up to an agreed limit. So, if you’re short of cash, an arranged overdraft could help to cover an unplanned expense. Think of it as a short-term safety net.
Interest-free up to £2,000
Interest-free arranged overdraft up to £2,000 (£500 in your first term).
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Interest-free up to £3,250 from year 3
Students can apply for up to £3,250* interest-free from year three onwards.
Applying is really quick
Applying through Online Banking takes around 5 minutes.
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Overdrafts are a way of borrowing money and you're responsible for repayments if you decide to use one. If you're unable to repay what is owed, you could impact your credit score, which most lenders use to decide whether they'll lend to you.
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You can apply for an overdraft if you:
- Are aged 18+ and living in the UK
- Have not been declared bankrupt in the last 6 years