New Arranged Overdraft

An overdraft for those just-in-case moments

It’s like having a safety net on your current account

Interest-free buffer depending on the current account you have

Only pay interest and fees if you use it

Could be ideal to cover your short term expense

Could be useful for short-term borrowing or in an emergency

What you should know about overdrafts

Overdrafts explained

Overdrafts Explained

Arranged Overdrafts

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 getting a bit short of cash, that’s where our Arranged Overdraft could help.

Unarranged Overdrafts

An Unarranged Overdraft is when you spend more money than you have in your account without already having an Arranged Overdraft, or when you exceed your current Arranged Overdraft limit.

Both types cost money

Both types of overdrafts will cost you money in fees, but an unarranged overdraft will cost you more and might result in payments such as household bills being rejected.

We're changing our overdraft pricing

Between 27th March and 2nd April 2020, we will be making some changes.


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. It'll only take about 5 minutes.

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 and fees if you use it

If you don’t use it, you won’t be charged. Simple as that.

Get an interest-free buffer

If you have an Arranged Overdraft with us and you stay within the buffer, you won’t pay any interest or fees.

More Info

You could get Overdraft Control

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

Borrow up to an approved limit

When you apply, we'll decide on an overdraft limit based on your circumstances.

Manage your overdraft online

We'll show you how to increase, reduce or remove your overdraft limit.

What might your Overdraft cost?

Tools to help you

Check your chances before applying

Give our eligibility tool a try and find out if you're likely to be approved for an overdraft. It can give you an idea of your potential overdraft limit and representative APR.  It takes just a few minutes and it won't harm your credit rating. 

Find out how much you're likely to pay

Why not use our overdraft cost calculator to see what an overdraft could cost you based on your circumstances? The great news is it won't impact your credit rating.

How to set up an overdraft

What will I need?

You'll need your Online Banking Log in details, your address history from the last 3 years and info about your income and outgoings.

How long will it take?

The application takes about 5 minutes and you'll know if you've been accepted or not straight away.

When will my overdraft be in place?

If your Overdraft is approved Mon – Thur before 5.30pm, it will be available the next working day. Anytime after this - up to 2 working days.

Ready? Let's get started

Our online application is available between 6.30am and 9.45pm on weekdays and between 6.30am and 9.55pm on weekends.

Do you have a NatWest current account?

To apply online, you must:

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years
  • Have read our pricing changes information

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.

Our Arranged Overdraft is for customers who already have one of our current accounts. Want to look at our account range?