Giving you a boost when you need it

If all your working capital is tied up and you need to borrow money over the short-term, an overdraft can be a cost-effective form of borrowing. Overdrafts are easy to arrange and offer you the capability to meet your financial obligations.

For Overdraft requirements above £250,000, please refer to our Corporate Lending Products

Credit facilities are subject to status.

  • Apply to borrow up to £250,000
  • The interest rate is based on the prevailing Bank of England base rate, plus the appropriate interest margin which will be determined by the financial status of your business
  • Overdrafts may be offered on an unsecured or secured basis (there will be additional fees when security is required)
  • Interest will be charged on a monthly basis
  • £30 Arrangement fee for overdrafts up to £10,000 (no fee for FSB account holders)
  • 1% Arrangement fee for overdrafts above £10,000 (no fee for FSB account holders)
  • The product is flexible
  • The product can be one of the cheapest forms of borrowing dependent upon usage, interest is payable only on the amount outstanding each day and usually charged on a monthly basis
  • Repayable on demand, but is normally agreed on an annual basis, subject to the ongoing credit-worthiness of your business