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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.

What is a Business Overdraft?

It’s a flexible short-term lending option for businesses. A Business Overdraft works as a safety net for unexpected expenses, where you may not have sufficient balance when awaiting payments from customers. With our overdraft, you only pay interest on what you borrow, without a minimum requirement for your repayments.

Overdraft in detail

Flexible monthly payments

An overdraft is a useful safety net. You can reduce your Business Overdraft by as much or as little as you want each month, with no set minimum pay back each month.

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

If you have an RM contact them about your borrowing needs. If you don't have a RM and wish to borrow up to £50k you can apply online, if you wish to borrow more please contact us.

Boost cashflow and only pay interest on what you borrow

A Business Overdraft is a useful safety net. If you need a quick cash injection or help when an unexpected cost comes along, an overdraft is there if you need it. If you don’t use your Business Overdraft facility, you don't pay any interest. Simple as that.

Family First

If you have a Family First event, you could apply for added benefits to your business to help during this period. Our normal overdraft criteria apply, but we’ll waive the annual arrangement fee.

Take a look at our Overdraft Fact Sheets:

Usually for businesses with a turnover of under £2m, view here (PDF, 108KB)

Usually for businesses with a turnover of over £2m, view here (PDF, 109KB)

Useful info about our Business Overdraft

Ready to apply

If you have a Relationship Manager, please contact them in the first instance to discuss your options. If you do not have a Relationship Manager, apply below. 

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 RBS business account?

  • If you have Digital 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
  • Rates table 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.

 

Borrowing amount Arrangment fee Representative EAR available

£1 - £500

£50

6.66%

£501 - £15,000

From £100 - £225

6.24%

£15,001 - £25,000  

From £240 - £375

5.20%

 
Please be aware, should you exceed your overdraft limit or have an item returned unpaid 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 personalised quote that was the same, better or no more than 10% above their indicative personalised quote. 

You will need to speak to your relationship manager if you wish to borrow more than £50,000, or if your aggregate debt with us exceeds £50,000.

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.

Coronavirus support for your business

If your business has been impacted by the Coronavirus crisis, please be aware that there may be alternative source of funding available to you at a lower cost. Click below to find guided support, information in more detail and to understand if you are eligible before you apply.

Something else we can help you with?