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

Ideal for unexpected bills or emergencies

Flexibility with your business overdraft during a Family First event

 

For existing RBS customers for up to 12 months. After 12 months, we’ll contact you to review. Interested in our business current accounts? See the range.

Overdraft in detail…

Features

Flexible monthly payments

What rate will I pay?

Family First event and your overdraft

Borrow up to £50k unsecured (subject to credit approval)

A flexible way to boost cashflow, only pay interest on the amount you borrow

Want to switch your business to RBS?

Useful info about our Business Overdraft

Ready to apply

We’ll help you find the right application route for you.

Customers with a turnover of under £2m

Apply online now if you're an existing customer without online banking and a turnover of less than £2m.

Customers with a turnover of under £2m with online banking

Log in to online banking to apply and receive personalised rates and faster application processing.

 

Customers with a turnover over £2m

Turning over more than £2m per year and already have an NatWest account? Enquire online now.

 

 

Don't have Digital Banking, why not register today?

Setting up Digital Banking will only take a few minutes and gives you all the tools you need to manage your money online.

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.
 

83% 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.

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?