Business Matters
We're here to support you through your business journey, whether you are starting, running or growing your business.
A flexible, short-term safety net for your business
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.
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
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.
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)
Looking to change your existing overdraft facility? Please note, if you have more than 2 months remaining on your existing facility your current renewal date will remain the same. If you have less than 2 months and are looking to increase, then your facility will be extended for a 12 month term.
Setting up Digital Banking will only take a few minutes and gives you all the tools you need to manage your money online.
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.
We're here to support you through your business journey, whether you are starting, running or growing your business.
We have over 400 Women in Business specialists who can provide specialist support.
With our free Financial Healthcheck you can discuss your goals and we'll help you plan the way forward 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.