Interest-free overdraft
An arranged overdraft allows you to borrow more money than you have in your account, up to an agreed limit. It is intended for short-term use only and will cost you money in interest to use it.
It is a form of debt and is repayable on demand. Always make sure you have enough money in your current account, or a suitable Arranged Overdraft limit in place before any payments are due to come out of your account.
Looking to understand the costs of an overdraft of more than £500 over different periods of time? Use our cost calculator.
If you don't pay it back, it could have an impact on your credit score.
How to apply
Apply for an arranged overdraft after your account is open, using our mobile app or by logging in to Online Banking.
More about overdrafts