An arranged overdraft request is when you approach us in advance to set up an overdraft for a period of up to 12 months. Margins are individually agreed with you and are added to the Bank of England Base Rate 4. Click here to see our interest rates.
The 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 an arranged 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 an arranged overdraft.
For details of our fees and charges, please see our Business Banking Price List