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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

  • Representative EAR4 of 9.9% variable

Apply for a Business Overdraft

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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 a primary user of HSBC Business Internet Banking?

 

Log on to apply now, and get your funds the same day that your overdraft is agreed.

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Are you new 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).

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

Fees for formal overdrafts start from GBP253 (Lending is subject to status)

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

With our £10billion lending fund for small businesses, you could take advantage of the next opportunity.

Provides flexible access to more cash flow

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

Faster business loan applications for your business with LinkScreen

Could give your business more room to manoeuvre

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

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

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.

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 If you go over your formal overdraft limit, informal overdraft fees will be applied on each working day that the informal overdraft remains in place. For details of our fees and charges, please see our Business Banking Price List.

4 The Representative EAR is the rate at or below which we reasonably expect would apply to unsecured credit provided to at least 51% of customers who enter into the a credit agreement as a result of the advertising or marketing.

Important information

See what business current accounts, unsecured loans and overdrafts are available from other providers

Apply for a Business Overdraft

Apply now

Check your eligibility

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


Start now

Help and support

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