Arranged overdraft requests
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 1. 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
Unarranged overdraft requests
An unarranged overdraft request is when you authorise a payment that would take your account overdrawn or beyond your arranged limit without agreeing in advance, an overdraft to cover the payment.
We will always consider an unarranged request and will try to be supportive. However, if we are not able to agree to unarranged overdraft and a payment is returned, we may charge you a fee for returning the payment, in line with our Business Banking Price list.
For unarranged 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 arranged agreed limit.
Where you have no existing arranged 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 unarranged overdraft requests, it will be cheaper for you to apply in advance for an arranged overdraft.