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Business Overdraft

A flexible, short-term safety net for your business

Our Business Overdraft helps you prepare for the unexpected

Pay interest only on the amount you borrow

No set minimum to pay back each month

Ideal for unexpected bills or emergencies

Flexibility with your business overdraft during a Family First event

 

For existing RBS customers for up to 12 months. After 12 months, we’ll contact you to review. Interested in our business current accounts? See the range.

What is a Business Overdraft?

It’s a flexible short-term lending option for businesses. A Business Overdraft works as a safety net for unexpected expenses, where you may not have sufficient balance when awaiting payments from customers. With our overdraft, you only pay interest on what you borrow, without a minimum requirement for your repayments.

Overdraft in detail

Flexible monthly payments

An overdraft is a useful safety net. You can reduce your Business Overdraft by as much or as little as you want each month, with no set minimum pay back each month.

Borrow up to £50k unsecured (subject to credit approval)

If you have an RM contact them about your borrowing needs. If you don't have a RM and wish to borrow up to £50k you can apply online, if you wish to borrow more please contact us.

Boost cashflow and only pay interest on what you borrow

A Business Overdraft is a useful safety net. If you need a quick cash injection or help when an unexpected cost comes along, an overdraft is there if you need it. If you don’t use your Business Overdraft facility, you don't pay any interest. Simple as that.

Family First

If you have a Family First event, you could apply for added benefits to your business to help during this period. Our normal overdraft criteria apply, but we’ll waive the annual arrangement fee.

Take a look at our Overdraft Fact Sheets:

Usually for businesses with a turnover of under £2m, view here (PDF, 108KB)

Usually for businesses with a turnover of over £2m, view here (PDF, 109KB)

Useful info about our Business Overdraft

Ready to apply

If you have a Relationship Manager, please contact them in the first instance to discuss your options. If you do not have a Relationship Manager, apply below. 

Don't have Digital Banking, why not register today?

Setting up Digital Banking will only take a few minutes and gives you all the tools you need to manage your money online.

Wish to borrow £25k or less? Discover the rates you're likely to pay and check your eligibility.

Already have a NatWest business account?

  • If you have Online Banking you can get a personalised quote. Log in now
  • If you have a Relationship Manager please contact them to find out how much you could borrow
  • Rates table and eligibility checker are not suitable if your business has a turnover of more than £2 million or is being supported by our Commercial Relationship Managers.

Business Overdraft available over 12 months only

  • Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
  • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges

Representative EAR

Interest Rate %

5.25%

Arrangement Fee

£300

Please be aware, should you exceed your overdraft limit or have an item returned unpaid due to insufficient funds, our unauthorised borrowing rate and standard transaction charges will apply.

  • Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
  • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges

Additional support for your business

Business Matters

We're here to support you through your business journey, whether you are starting, running or growing your business.

Women in business

We have over 400 Women in Business specialists who can provide specialist support.

Financial Healthcheck

With our free Financial Healthcheck you can discuss your goals and we'll help you plan the way forward for your business.

Coronavirus support for your business

If your business has been impacted by the Coronavirus crisis, please be aware that there may be alternative source of funding available to you at a lower cost. Click below to find guided support, information in more detail and to understand if you are eligible before you apply.

Something else we can help you with?