Business Overdraft

A Business Overdraft gives you the flexibility and peace of mind of having extra funds available outside your business's normal cashflow. It is versatile and easy to use, allowing you to manage your working capital better and prepare for one-off or unexpected spending without having to look for a new credit facility every time.

How a Business Overdraft works

All the features of a current account apply.
Before we lend you any money, we will assess whether we feel you will be able to repay it.
Your account should fluctuate into credit from time to time. All overdrafts are repayable on demand and subject to annual review. In order to avoid additional charges you must arrange an overdraft prior to being in an overdrawn position.

Benefits of a Business Overdraft

• Cost effective lending - With a Business overdraft from us, you only pay interest on the money you actually borrow.
• No fixed repayment schedule -No fixed repayment schedule, although your account should fluctuate into credit from time to time.

Fees and Interest

• An arrangement fee may apply.
• Interest is calculated and debited to the account quarterly.
• Further information on interest and fees is available here or from your branch.

Eligibility

Business customers who meet the requirements of our financial assessment.

Important Notes

Availability of credit depends upon our assessment of your financial position.

Please note that security may be required and overdrafts are repayable on demand.

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