Business Overdraft

A flexible, short-term
safety net
for your business

Our Business Overdraft helps you prepare for the unexpected

Pay interest only on the amount you borrow

No set minimum to pay back each month

Borrow up to £50,000 unsecured (subject to credit approval)

Ideal for unexpected bills or emergencies

 

For existing Royal Bank Business banking customers and for 12 months only. After 12 months, we’ll contact you to renegotiate. For small to medium-sized businesses with a turnover under £2m. Interested in our business current accounts? See the range.

Overdraft in detail…

Features

No set minimum to pay back each month

You can reduce your overdraft by as much or as little as you want each month.

You only pay interest on the amount you borrow

If you don’t use your overdraft facility you don’t pay any interest. Simple as that.

Offers great flexibility - use it when you need to

An overdraft is a useful safety net – it’s there if you need it. And it’s not repayable on demand, unless you have an ‘event of default’.

Borrow up to £50,000 unsecured (subject to credit approval)

You can also apply for more. Security may be required, product fees may apply.

An ideal way to boost cashflow

If you need a rapid cash injection, an overdraft could help when an unexpected cost comes along.

Charges

What rate will I pay?

The rate you pay will depend on your overdraft amount.

Switching

Want to switch your business account to Royal Bank?

We can help you switch bank accounts within your application –just choose the Business bank account that’s right for you

Wish to borrow £25k or less? Discover the rates you're likely to pay and check your eligibility.

Already have a Royal Bank of Scotland Business account?

  • If you have online banking you can get a personalised quote. Log in now
  • If you have a Relationship Manager please contact them to find out how much 
you could borrow
  • Pricing calculator and eligibility checker are not suitable if your business has a turnover of more than £2 million or is being supported by our Commercial Relationship Managers.

Amount you'd like to borrow

Note: You can only check rates up to £25k. You can still apply online for up to £50k.

Available over 12 month period only

  • Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
  • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges.

Representative example

Representative EAR (variable)

5.25%

Arrangement fee

£300

Please be aware, should you exceed your overdraft limit or have an item returned upaid due to insufficient funds, our unauthorised borrowing rate and standard transaction charges will apply.

There's no obligation and you won't be credit checked.
 

100% of SME customers received an end quote that was the same, better or no more than 10% above their indicative quote. 

You may also be eligible for our Small Business Loan

  • Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.
  • Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges.

Useful info about our Business Overdraft

Ready to apply

Let's get started. Is your business turnover...

Thanks, now tell us what sort of customer you are

Our Business Overdraft is for our business current account customers. Want to take a look at our business accounts?


If your turnover is less than £1m
Apply for a Startup account

If your turnover is up to £2m
Apply for a Business bank account

 

Here’s another type of business lending we can offer you even if you’re not an existing customer

Small Business Loan
A fast, affordable way to help your business
Find out more

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Do you have a Relationship Manager?

Call your Relationship Manager

You should have a direct number for them. You can discuss applying for our Business Overdraft with them. They can start the application for you and arrange to get the appropriate signatures. 

Business and Relationship Managers are available 9am-5pm Monday to Friday.

Do you use Digital Banking for your business account?

Great! Applying for a Business Overdraft should take you less than 10 minutes.

By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application

Sorry, our online application is currently undergoing maintenance

Unfortunately you cannot apply online at this time. Please come back on the next working day. 

Great! Just complete the form

By starting your application, you confirm that you're giving us consent to run a credit check on you and any other people listed on your application.  

Thanks, now tell us what sort of customer you are

Business Overdrafts are for existing NatWest business current account customers. Want to take a look at our Commercial Business Account?


Find out more here

 

Once you have a Commercial Business Account with us, we have a wide range of commercial lending options for you to choose from

 

See our range of commercial lending options

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Enquire online

Simply tell us a little about your business and your needs, and we’ll be in touch by the end of the next working day to talk through possible solutions tailored specifically for you.

Alternatively, you can always talk to your relationship manager or give us a ring on the number below.

Contact us (minicom): 0800 404 6160

Lines are open 9.00am-5.30pm Monday to Friday (except public holidays). Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

Business and Relationship Managers are available 9am-5pm Monday to Friday.

Additional support for your business

Business Matters

We're here to support you through your business journey, whether you are starting, running or growing your business.

Women in business

We have over 400 Women in Business specialists who can provide specialist support.

Financial Healthcheck

With our free Financial Healthcheck you can discuss your goals and we'll help you plan the way forward for your business.

Something else we can help you with?