What is an overdraft?

The options available for you

Whether you're considering an Arranged Overdraft or would like better control over your account

Arranged Overdrafts are only available to eligible customers with a NatWest current account, aged 18 or over. 

What is an Arranged Overdraft?

 

  Borrow money through your current account with an Arranged Overdraft we've approved for you

 Have a buffer for those little emergencies or to have just incase

  No cost for setting up an Arranged an Overdraft

  We’ll only charge you interest and/or fees if you actually use it. Depending on the type of current account you have, the fees and any interest-free threshold will differ.

Apply for a New Arranged Overdraft

Arranged Overdraft cost

 

 

Select your account type below for more information:

Accordion

Icon expand Select Account

Monthly Account Fee Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£0 £10 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Select Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable) and a monthly Arranged Overdraft Usage Fee of £6


 

Select customers can also have Overdraft Control on their account

Find out more about Overdraft Control
Accordion

Icon expand Reward Account

Monthly Account Fee Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£2 £10 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Reward Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £2.


 

Accordion

Icon expand Reward Silver Account

Monthly Account Fee Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£12 £10 £6 1.52% 18.28% 19.89%
Representative Example: If you have a Reward Silver Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £12.


Accordion

Icon expand Reward Black Account

 

Monthly Account Fee Interest Free Threshold Monthly Arranged Overdraft Usage Fee Nominal 
Monthly Rate %
Nominal 
Annual Rate %
EAR %
£28 £500 £6 1.16% 13.96% 14.89%
Representative Example: If you have a Reward Black Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 14.89% EAR (variable), a monthly Arranged Overdraft Usage Fee of £6 and a monthly account fee of £28.

Increase your existing Arranged Overdraft

Gone into an Unarranged Overdraft?

 

When you spend more money than you have in your current account and haven't agreed an Arranged Overdraft limit beforehand, or gone over your existing Arranged Overdraft.

We won’t charge you more than £80 in a monthly charging period for an unarranged overdraft or any unpaid transactions.

Monthly Maximum Charge for an Unarranged Overdraft

Fee Amount  Maximum number of fees per charging period 
Unarranged Overdraft Usage Fee (for Unarranged Overdrafts of more than £10) £8 per day 9
Unpaid Transaction Fee  £8  1
Monthly Maximum Charge £80  
More on the Monthly Maximum Charge

Monthly cap on unarranged overdraft charges

1. Each current account will set a monthly maximum charge for:

  • going overdrawn when you have not arranged an overdraft; or
  • going over/past your arranged overdraft limit (if you have one).

2. This cap covers any:

  • interest and fees for going over/past your arranged overdraft limit;
  • fees for each payment your bank allows despite lack of funds; and
  • fees for each payment your bank refuses due to lack of funds. 
This is a standard definition of the monthly maximum charge but please note that we don’t charge unarranged overdraft interest.
Have a Select Account? Learn more about Overdraft Control

  Overdraft Control is a free service for Select Account customers which can help you avoid going into an Unarranged Overdraft

  Where possible we won't let your account go into Unarranged Overdraft by returning payment(s) that put your account in this position

  Overdraft Control means you will not be charged unarranged or unpaid fees 

  More information including how to set up can be found below:

Overdraft Control

Check your balance when it suits

There are a number of ways you can stay on top of your money whether it be Online, on the move or by text and email alerts. For those of you with a Select Account, make sure you know about Overdraft Control too, as it can help with managing your account more closely.

Our Mobile app

Keep track of your money whilst you're on the move plus much more with our Mobile app. 

Available to NatWest personal customers with a debit card, Online Banking and a UK mobile number starting with 07.

 

Read more about our app

Online Banking

Check your balance, pay bills and make transfers from the comfort of your sofa.

 

Online Banking is available to those aged 11 and over who have a NatWest account 

 

See how else it can help you

Text alerts

Alerts are a simple way to keep up-to-date with your accounts and help minimise overdraft fees and more.

Available to NatWest personal customers aged over 11, with an eligible account, valid UK mobile number and/or email address. 

 

See more about Text Alerts

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