Overlay
Arranged overdrafts

Get a short-term safety
net with an arranged overdraft

Representative 39.49% APR (variable)

How does our overdraft compare?

Benefits of an arranged overdraft

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)

Manage my existing overdraft

You can make changes to your arranged overdraft in our mobile app or via Digital Banking. Here's what you need to know.

Why chance it?

Use our eligibility checker to find out whether you’re likely to be accepted before you apply. It just takes a few minutes and it won't impact your credit score.

How do overdraft costs work?

Overdraft costs

Arranged overdraft charges

We don’t charge fees for using an arranged overdraft – we only charge interest on the amount of overdraft you use. The interest you pay depends on the type of current account you have with us. 

Unarranged overdraft charges

If you go into an unarranged overdraft, we will charge interest (this will also depend on the type of your current account). The monthly cap on unarranged overdraft charges for our standard adult current accounts is £19.40.

Further costs details

Returned payments

An Unpaid Transaction Fee of £2.15 is charged for a transaction that we return unpaid. A transaction (e.g. a Direct Debit) will be returned if the payment cannot be met from funds in your account or any unused arranged overdraft facility and we decide in our discretion not to make the payment.

Charging periods

Charges are accrued during a charging period. At the end of the charging period you will be notified of the total amount owed and when it will be taken from your account - this will be 21 days after the end of the charging period.

Types of overdrafts

What is an arranged overdraft?

An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account. This could help you manage your money if you have to cover short-term expenses such as an unexpected bill.

What is an unarranged overdraft?

An unarranged overdraft is when you spend more money than you have and you haven’t previously arranged an overdraft limit with us, or you have exceeded your existing overdraft limit.

Free text alerts

If you start to use an arranged or unarranged overdraft, we'll send you free text alerts to keep you updated.

How much does my overdraft cost in pounds and pence?

Choose your current account to view the interest costs when you use a £500 overdraft.

See how much interest you might pay

Use our overdraft cost calculator to see how much interest you’d pay based on your own circumstances and borrowing amount.

Our Student and Graduate overdrafts

Student overdrafts

Get an interest-free overdraft up to £2,000 (£500 in first term)

Handy text alerts to help you manage your borrowing

Graduate overdrafts

Get an interest-free overdraft up to £2,000 in your first year after your graduation

Manage your overdraft online or in the mobile app (app criteria apply)

Ready to start?

Increasing or applying for an overdraft?

You can apply for or increase an overdraft limit if:

  • You are aged 18+ and living in the UK
  • You have an eligible Royal Bank of Scotland bank account which you pay your salary or a regular amount into
  • You, or any parties on your account, have not been declared bankrupt in the last 6 years

Please note: if you apply on a joint account, we will only assess the eligibility of the person applying.

Check if you're eligible

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. 

All okay? Let's get started.

What would you like to do today?
Do you have Royal Bank Digital Banking?
You'll need to have Digital Banking to apply for an overdraft online. If you don't, we'll help you sign up easily in just 5 minutes. Remember, you could use our mobile app to apply if you're already set up.

Great! Looks like you're all set and ready to go.

As you use Digital Banking we'll pre-fill part of your application to save you time.

Just a heads up - here's what you'll need:

  • Your Digital Banking login details
  • Your address details for the last 3 years
  • Your income, outgoings and employment details

Let's get you set up

You'll need to sign up for Digital Banking with us in order to apply for an overdraft online. The good news is that it normally takes only 5 minutes. If you need a hand, follow our step-by-step guide below.

What you'll need

Your sort code and account number

Your Royal Bank debit card, if you have one

Once you’ve registered, click ‘Next’ below to log in and apply to increase your overdraft limit.

Looks like you're all set. Let's get going.

Just a heads up - here's what you'll need:

  • Your Digital Banking login details
  • Your address details for the last 3 years
  • Your income, outgoings and employment details

Let's get you sorted

You’ll need your customer number, Digital Banking PIN and password to apply online. Pick from one of the options below and we'll help you on your way.

Once you have new details, click 'Next' below to continue.

You're all set

Just a heads up - here's what you'll need:

  • Your Digital Banking login details
  • Your address details for the last 3 years
  • Your income, outgoings and employment details
Do you have Royal Bank Digital Banking?
You'll need to have Digital Banking to apply for an overdraft online. If you don't, we'll help you sign up easily in just 5 minutes. Remember, you could use our mobile app to apply if you're already set up.

Looks like you're all set. Let's get going.

Let's get you set up

You'll need to sign up for Digital Banking with us in order to apply for an overdraft online. The good news is that it normally takes only 5 minutes. If you need a hand, follow our step-by-step guide below.

What you'll need

Your sort code and account number

Your Royal Bank debit card, if you have one

Once you’ve registered, click ‘Next’ below to log in and reduce/remove your overdraft limit.

Looks like you're all set. Let's get going.

Let's get you sorted

You’ll need your customer number, Digital Banking PIN and password to apply online. Pick from one of the options below and we'll help you on your way.

Once you have new details, click 'Next' below to continue.

Looks like you're all set. Let's get going.