When you open your account, you can apply for an arranged overdraft. Overdrafts are designed for short-term borrowing only and are subject to status.

An unarranged overdraft lasting more than 30 days could have a negative impact on your credit rating. We report account activity, including overdraft usage, to credit reference agencies. Your new limit can't be less than what you owe. You can ask to increase, remove or reduce your limit at any time in online or mobile banking, by phone or in-branch. You can apply for an arranged overdraft when you open your account, or at any time later. However, we'll always try to allow essential payments if we can. There's a chance that payments you try to make using an unarranged overdraft may be declined. If a payment would take you past your arranged limit (or if you don’t have one), we may let you borrow using an unarranged overdraft.

This can be useful if you're hit with an unexpected bill, for example. When you open this account, you'll have the option to take out an arranged overdraft.Īn arranged overdraft allows you to borrow money (up to an agreed limit) if there’s no money left in your account.

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