See how a Royal Bank of Scotland overdraft could help
An arranged overdraft lets you borrow money up to an agreed limit on your bank account. So if things are a wee bit tight, an arranged overdraft could help bridge the gap short-term.
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 harm your credit score. Most lenders use this to assess whether they'll lend to you.
- Interest-free arranged overdraft up to £3,250 (for your first year after graduation)
- Year 2 £2,250 interest free buffer
- Year 3 £1,250 interest free buffer
- Get handy text alerts to help you stay on top of things
Apply with ease
- It takes around 5 minutes to apply through Digital Banking
- Get a decision straight away if you bank online with us
Representative 39.49% APR (variable)
If you have a Graduate account with an arranged overdraft limit of *£3,250 following the first year after graduation and you use all of this, you will be charged arranged overdraft interest at 39.49% EAR on £2,250 of the £3,250 limit. Following the second year after graduation you’ll be charged interest at 39.49% on £1250 of the £3,250.
How does our overdraft compare?
A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.
What are the overdraft costs?
Features and benefits
Before you apply OpenClose
If you're accepted OpenClose
Tools to help you out
Check your chances of being accepted before applying
Have a shot of our eligibility checker tool, which will help you understand if you’re likely to be accepted for an overdraft before you start an application. It only takes a couple of minutes and it won’t harm your credit rating.
Find out how much interest you're likely to pay
Our cost checker tool allows you to see how much interest you’re likely to pay based on how much you plan to borrow, and how regularly you want to use it.