New Arranged Overdraft

A short-term safety net for your current account

Representative 39.49% APR (variable)

What you'll get with an overdraft from NatWest

An arranged overdraft allows you to go overdrawn up to an agreed limit. So, if payday is still a long way off and you’re short of cash, an arranged overdraft could help to cover an unplanned expense. Think of it as a short-term safety net.

Only pay interest if you use it. No fees

You'll only pay interest on the amount you use

No usage fees or other charges at all


Applying is really quick

Applying through Online Banking takes around 5 minutes

We fill out the info we already know about you to make things easier

Fast access to funds

If your overdraft is approved, it'll normally be available the next working day, but there are some exceptions to be aware of

Get handy text alerts to help you stay on top

Support with Coronavirus

There are two ways we're helping customers who apply for a new overdraft during the Coronavirus pandemic

Overdraft interest staying at current rates

From Monday 30th March until 14th July, all of our Personal Banking customers using their overdraft will pay less as we’re keeping overdraft interest at their current rates.

Most customers will pay Representative 19.89% APR (variable) for that period, rather than our standard rate of Representative 39.49% APR (variable). Black and Reward Black customers will remain at Representative 14.89% APR (variable), rather than moving to Representative 19.49% APR (variable). Please note, this isn’t a change to your overdraft terms & conditions.

There also won’t be any other fees or charges in addition to the above interest rates. 

To find out more about our Overdraft charges after 14th July, please use our cost calculator.

Request £500 interest-free on your existing overdraft

If you apply and are accepted for a new overdraft, you can request £500 interest-free on your new arranged overdraft (or up to your existing arranged overdraft limit if lower than £500).  This is a temporary measure which will be interest-free from application date for three months, after which we will start to charge interest on the full balance.

If you wish to take do this, simply apply for your new overdraft at the bottom of this page and complete the interest-free application form once the overdraft is applied to your account.

Features and benefits

Before you apply

Overdrafts Explained

First things first. There are 2 types of overdrafts – arranged and unarranged. Both types will cost you money in interest when you use them. It’s important you know the difference, so we’ll cover it off here.

Arranged Overdrafts

An arranged overdraft allows you to go overdrawn up to an agreed limit. This type of borrowing can help if pay-day is a long way off or you're a bit short of cash.

Unarranged Overdrafts

An unarranged overdraft is when you spend more money than you have in your account without already having an arranged overdraft in place, or when you exceed your current arranged overdraft limit you do have in place.

If you're accepted

Manage your overdraft online or in the app

You can manage spending and increase, reduce or remove your overdraft limit quickly online and in our mobile app

We'll send you text alerts

We'll keep you updated using our free text alert service if you start to use an arranged or an unarranged overdraft

How much does my overdraft cost in pounds and pence?

To help bring this to life, here's an example of the interest cost when you use a £500 arranged overdraft.

Tools to help you out

Check your chances of being accepted before applying

Use our eligibility checker tool and find out if you’re likely to be approved before you apply. It takes just a few minutes and won’t impact your credit rating.

Find out how much interest you're likely to pay

Use our overdraft cost calculator to see how much interest you’d pay based on your own circumstances and borrowing amount.

Ready to apply?

Our online application is available between 6.30am and 9.45pm. You'll need to have your Online Banking log in details to hand. 

Let's get started. Do you have a NatWest current account?

To apply online:

You must be aged 18+ and living in the UK

And must not have been declared bankrupt in the last 6 years

Please read these important documents

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

Are you ready to continue?

Do you have Online Banking?

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

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

To apply for an Arranged Overdraft online you need to be registered for Online Banking.

You need a NatWest current account in order to apply for an overdraft with us.

But we can still give you an indication of whether we'll be able to provide an overdraft before you apply for a current account with us. It only takes 5 minutes and won't impact your credit rating.