If you need to borrow a little extra money for a short while, having an arranged overdraft on your business account could work for you.

For overdraft requirements above £250,000, please contact one of our relationship managers.

Check eligibility and apply


  • Apply to borrow up to £250,000
  • Overdrafts may be offered on an unsecured or secured basis. Please note that there will be additional fees where security is required.
  • Arranged overdraft interest rates are variable and are calculated using the Bank of England Base Rate plus the appropriate interest margin
    • In some cases this will be determined by the financial status of your business

Representative example

For borrowing up to £25,000 the representative Effective Annual Rate of interest (EAR*) will help you to compare our Overdraft rate with those of other lenders.

Representative example (for borrowing up to £25,000)

Arranged overdraft: 6.28% (Variable) Representative EAR*

Unarranged overdraft: 25.59% Representative EAR*

*EAR stands for Effective Annual Rate. This is a representative interest rate showing the rate you would pay if you remained overdrawn for a year.

The representative example provided does not include any future changes to the Bank of England Base Rate.

Lending decisions are based on individual circumstances, so the rates we offer may vary between customers.

When we advertise our products, we use representative rates to show what the majority of customers may be offered. Interest is calculated daily and will be charged on a monthly basis.

Interest rates for overdrafts above £25,000 are discussed upon application.

Arrangement fees

  • There will be a 1.5% overdraft arrangement fee (minimum fee of £50.00 - whichever is greater). There is no fee for FSB account holders.
  • Where security is required, details of fees will be discussed upon application.

Apply for an overdraft

Check you're eligible

To apply, you and all key parties must:

  • be 18 years or over
  • be a UK resident
  • have authority to borrow on behalf of the business / charity
  • hold a business current account with The Co-operative Bank
  • require the lending for business use

Your application is subject to status and based on an assessment of your financial circumstances.

We aim to give you a decision within 10 business days of the information being received. Occasionally, we may require additional information depending upon your circumstances.

How to apply

Please ensure you read the important documents below and save copies of them for future reference.

To apply, you need to complete and return:

  • the overdraft request form (including pre-contractual information)
  • the assets and liabilities form (only if you are applying for more than £10,000)

Download Overdraft request form (including pre-contractual information) PDF

Download assets and liabilities PDF

When you have completed these forms, you can send them to us by email or post.

Apply by email

Attach the complete forms to an email and send to lsunder@co-operativebank.co.uk

This email address is to pick up lending requests only. Any emails received that do not contain a lending request, we will unfortunately be unable to respond to.

Apply by post

Print off and post your completed forms to:

Lending Services

The Co-operative Bank

P.O. Box 200



If you do post your application, we will aim to process it within 10 business days of it reaching us.

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