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It’s like having a safety net on your current account
Only pay daily interest on the amount you use
Get an instant decision if you bank online with us
Interest-free buffer depending on the current account you have
Could be ideal for short-term borrowing
Arranged Overdrafts are only available for eligible NatWest current account customers, UK residents aged 18 or over. To qualify, you must pay your salary or a regular amount into your current account.
Overdraft details
Benefits OpenClose
Get an instant decision
If you bank online with us, apply through Online Banking. We'll pre-fill your application and let you know straightaway if you’ve been pre-approved.
Have your overdraft the next working day
If we approve you for an Arranged Overdraft, your limit could be applied to your account as soon as the next working day.
Only pay interest on the amount you use
If you don’t use it, you won’t be charged. Simple as that.
Have your statements at your fingertips
We'll send you an email when your statements are ready to view in Online Banking. You can check it whenever you want.
More info OpenClose
What might your Overdraft cost?
Monthly Account Fee
£2
Interest Free Buffer
£10
Overdraft Usage Fee
£6
Nominal Monthly Rate %
1.52%
Nominal Annual Rate %
18.28%
EAR %
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.
Monthly Account Fee
£12
Interest Free Buffer
£10
Overdraft Usage Fee
£6
Nominal Monthly Rate %
1.52%
Nominal Annual Rate %
18.28%
EAR %
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.
Monthly Account Fee
£19
Interest Free Buffer
£250
Overdraft Usage Fee
£6
Nominal Monthly Rate %
1.52%
Nominal Annual Rate %
18.28%
EAR %
19.89%
Representative Example: If you have a Reward Platinum 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 £19.
Monthly Account Fee
£28
Interest Free Buffer
£500
Overdraft Usage Fee
£6
Nominal Monthly Rate %
1.16%
Nominal Annual Rate %
13.96%
EAR %
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.
Monthly Account Fee
£0
Interest Free Buffer
£10
Overdraft Usage Fee
£6
Nominal Monthly Rate %
1.52%
Nominal Annual Rate %
18.28%
EAR %
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.