Graduate Overdraft

Add some 'wriggle room' to your current account

A little help when you enter the world of work

Interest-free overdraft up to £2,000 (for your first year)

May be ideal for short-term borrowing

Check your account balance at any time

Overdraft details


No interest to pay for the first year

You can apply for an Arranged Overdraft of up to £2,000, interest-free (subject to approval).

No interest to pay - in detail

The amount of your Arranged Overdraft that's interest-free reduces each year after your graduation date. This is to help encourage you to pay back money you may have borrowed whilst studying. In your first year after graduation, up to £2,000 will be interest-free. In your second year after graduation, you can still have an overdraft of £2,000, but only the first £1,000 will be interest-free.

No set-up fees

We won’t charge you to set up your Graduate Overdraft.

Already with NatWest? It’s easy to apply

If you apply online, the application usually takes less than 5 minutes.

Get an interest-free threshold

If you apply for a Graduate Overdraft, it may come with an interest-free threshold.

Interest-free threshold – in detail

An interest-free threshold is the amount we’ll allow you to go overdrawn before our charges kick in. The threshold we give you depends on when you graduated and how long it’s been since your graduation date.

Check your account balance at any time

Use Online Banking to check your balance whenever you want.

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

How our Graduate Overdraft may help

When you’re about to enter the world of work, your day to day expenses could change. That’s where our Graduate Overdraft could help.

How our Graduate Overdraft could help – in detail

After you graduate and get a job, your current account might feel like it’s under attack, what with rent, groceries, transport and so on. Our Graduate Overdraft is here to help. It could give you a safety net until your salary is paid into your account.

What you should know


Our Graduate Overdraft is a form of debt and is repayable on demand. Always make sure you have enough money in your current account, or a suitable Graduate Overdraft limit in place before any payments are due to come out of your account.

What is an Unarranged Overdraft?

An Unarranged Overdraft is when you spend more money than you have in your account and you haven’t previously arranged an overdraft limit with us.

What might this Overdraft cost?

Representative Example: If you have a Graduate account with an Arranged Overdraft limit of £2,000 and you use all of this, you will be charged Arranged Overdraft interest at 17.81% EAR on £1,000 of that £2,000.

Ready to apply?

Great thanks for choosing our Graduate Overdraft. Let's get started. Are you a ...

Do you have a Graduate bank account with us?

Our Graduate Overdraft is for customers who already have a NatWest Graduate current account. Want to find out more?

Are you a UK resident?

If you're not a UK resident, why not speak to one of our advisors in branch?

Great! As we already know a bit about you, applying should be straightforward. Now for the important legal stuff.

To apply online, you must meet these requirements

  • You're aged 18+
  • You're living in the UK
  • You've not been declared bankrupt over the past 6 years

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents

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.

Are you ready to continue?

Great! Looks like you're all set and ready to go.

Our Graduate Overdraft is for customers who already have a NatWest Graduate current account. Want to find out more?