Business Overdraft

If you're looking for a safety net to help you manage fluctuations in your cash flow and respond to emergencies, our Business Overdraft could be just the answer.

At a glance

  • Pay interest only on the amount you use - calculated on a daily basis

  • An arrangement fee applies when we agree to a formal overdraft request

  • Formal overdraft facility available for a period of 1 to 12 months

  • Reviewed annually and a renewal fee taken

  • Available to HSBC Business Current Account customers

  • For customers moving their Business Banking to HSBC from another provider we will match the interest rate of your existing overdraft for 12 months3

Apply for a Business Overdraft

Apply for a Business Overdraft

Do you have an HSBC Business Current Account?

You can apply now by calling:

0800 731 8932

Lines are open 8am to 10pm every day (except Christmas Day, Boxing Day and New Year's Day). To help us continually improve our service and in the interests of security, we may monitor and/or record your telephone call.

Textphone 18001 0800 028 3516

Are you new to HSBC?

Please visit your nearest branch to find out about switching to HSBC

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If you would like one of our representatives to call you back, simply let us know and we will call you back at your convenience (between 9am and 5pm Monday to Friday UK time).

Request a call back

Important information
Before applying, please read the following carefully, including the 'Your Information' section in the Business Banking Terms and Conditions.

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Key benefits

Provides flexible access to more cash flow

Easy to arrange - just call us or visit your local branch

Could give your business more room to manoeuvre

Business Overdraft Text Alerts could help you avoid informal overdraft fees and interest1

Could be ideal for one-off purchases you know you can repay quickly

Formal overdraft requests

A formal overdraft request is when you approach us in advance to set up an overdraft for a period of up to 12 months. Interest rates are individually agreed with you and are linked to the Bank of England base rate.

The debit interest rate margin you pay will be re-assessed each time we review your overdraft facility and may change at this time. If it does we will give you notice of this.

An arrangement fee applies when we agree a formal overdraft. The facility is normally reviewed annually and a renewal fee taken if it is renewed.

In some cases, security will be required to arrange a formal overdraft.

Your home may be repossessed if you do not keep up repayments on a facility that your home is securing.

For details of our fees and charges, please see our Business Banking Price List

Important information

Informal overdraft requests

An informal overdraft request is where you do not contact us in advance and you make payments from your account which, if processed by us, would cause it to go overdrawn or go over an existing formally arranged overdraft limit.

For informally agreed overdrafts where you have an existing formally agreed limit and go over this limit, we will charge interest at the rate we have agreed with you on balances up to your facility limit and will charge our Business Standard Debit Interest Rate on any balance over your formally agreed limit.

Where you have no existing formally agreed overdraft limit, we will charge our Business Standard Debit Interest Rate on all debit balances. Click here to see our interest rates

If you anticipate you may want to make frequent informal overdraft requests, it will be cheaper for you to apply in advance for a formal overdraft.

For overdrafts agreed following an informal request, overdraft charges will be applied on each working day that the informal overdraft remains in place.

The rate of the overdraft charge per working day will differ depending upon whether the debit balance on the account is over its formal limit or the account is overdrawn with no formally agreed limit in place.

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Business Overdraft Text Alerts

Business Overdraft Text Alerts will notify you1 when we've agreed an informal overdraft. If your account is back in credit or within your formal limit by 23:45 on the same day, you'll avoid informal overdraft fees and interest.

These alerts are free of charge and you’ll receive them automatically providing we hold a valid UK mobile number for you, so you don’t need to register to benefit from this service. If you haven’t provided us your mobile number before or if it has changed, call us2 and we’ll update our records.

If you don't want to receive these alerts, call us2 and we’ll update your preferences and opt you out of the service.

1 This service is currently only available to customers without a Relationship Manager.

2 Call us on 03457 60 60 60. To help us continually improve our service and in the interests of security we may monitor and/or record your call. Lines are open 8am to 10pm 7 days a week subject to planned routine maintenance.

3 Documentary evidence is required (a recent facility letter for instance). The facility must be for the same amount (or less) as it was with your previous bankers.

Apply for a Business Overdraft

Check your eligibility

Find out instantly if you're likely to receive the money you need


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