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 buffer
- 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
Get your funds quickly
- If your application is successful, you’ll normally have the funds available on the next working day. But there are some exceptions.
What are the overdraft costs?
Features and benefits
Before you apply OpenClose
Overdrafts explained
If you're accepted OpenClose
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.