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

 

For existing NatWest 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

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.

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

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

Borrowing limit – in detail

If you have a Relationship Manager, please speak to them about your borrowing needs. If you do not have a Relationship Manager and wish to borrow up to £50k you can apply online, if you wish to borrow more please contact us.

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.

Rates and charges – in detail

For start ups, who are served by business banking (turnover usually under £2m), there is a £500 Business Bufferzone Overdraft which is fee free for the first 12 months. The Bufferzone Overdraft is subject to status and interest will still be applied.

For all other businesses, if you apply for a  limit of up to £500, you will pay an arrangement fee of £50 and a fixed interest rate of 6.5%. For Overdrafts between £501-£1,500, you will pay an arrangement fee of £100 and for overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. All other fee’s including interest rates will be made available to you when completing your application.

What you should know

If you exceed your agreed limit you will be charged an unarranged borrowing rate and be subject to unpaid / paid item fees.

Switching

Want to switch your business account to NatWest?

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

Switching to NatWest – in detail

Switching bank accounts is really easy. Just look out for the question in the online application that asks if you want to use our Switching Service.

Our Switching Service will move everything across from your old account to your new NatWest account, including Direct Debits, standing orders etc., within 7 working days. It’s completely free and is backed by an industry-wide guarantee to ensure the move goes smoothly. The switching offer doesn’t include any fees you may have to pay to end any arrangements with your existing bank.   

Learn more about the Current Account Switch Service

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

Already have a NatWest 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 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.

97.3% 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

You’ll need the personal details of all of the partners, members, directors or signatories of the business (including their home addresses for the last 3 years). You’ll also need your business details, including your Company’s Registration Number (provided by Companies House) if you’re a limited company. Also, details of any countries you or your business is registered for tax purposes in and details of your business' year end accounts or cashflow forecasts. Find out more in the "Ready to apply" section below, which will help you to prepare.

Yes, if your turnover is over £2m, you’re eligible and you have a Commercial current account with us.

Just give your Relationship Manager a call or alternatively call Business Line.

Yes, it’s possible to have both a loan and an overdraft. It’s all based on your overall approved credit.

If you're an existing customer, it’s really important that your personal and business details are close matches to what we have on your file. If they're different, it will be worth updating them before you apply.

If in doubt, please check what is on file at Companies House and update any out of date information before you apply.

Please be accurate with your income declaration. If we believe you can't afford the repayments on the amount you apply, you may be declined.

For instance, if you declare an income of £250,000 and we see £180,000 going through your NatWest account, your application may be referred or declined.

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.

Take a look at our Overdraft Fact Sheets:

Usually for businesses with a turnover of under 2m view here

Usually for businesses with a turnover of over 2m view here

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 a 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 Online 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.

Do you have a Relationship Manager?

Call your Relationship Manager

You should have a direct number for them. You can discuss applying for a 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.

Let's help you get your overdraft set up

Give us a ring on the number below and we'll help you get your Commercial business overdraft set up straight away.

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.

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?