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Overdrafts

For those unexpected costs

Apply for an overdraft Manage your overdraft
Over 18's and eligible RBS current account holders only.

Overdrafts

Is an overdraft right for me?

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Overdrafts

What will it cost?

There’s no charge to set up an arranged overdraft, but please be aware there are some charges for using it.

These differ depending on what current account you have.

For most of our current accounts we charge £6 per month where arranged overdrafts are used by more than £10. This however isn't the case for all our our accounts and we recommend you read our rates & charges for full information.

Staying within your limit

It's very important to make sure you try not to go overdrawn without having agreed an overdraft limit with us. Or, that you don't go over an arranged overdraft. If you do it means you will enter what we call an unarranged overdraft. Unarranged overdrafts result in further charges. 

Find out more about rates & charges related to overdrafts

Overdrafts

Managing your overdraft

There are a number of ways you can manage your overdraft, you can apply to increase or decrease your existing overdraft, or if your a Select Account customer you have the added protection of overdraft control.

Increasing or decreasing your overdraft

Select Account overdraft control

RBS - How to avoid RBS current account fees & charges

Overdrafts

Avoiding unarranged borrowing

To help you monitor your overdraft, we’ve created two simple alerts that notify you before you go overdrawn.

Act Now Alerts

This free service will text or email you if you need to pay money into your account to cover a payment. It will also notify you if you need to bring your account back into credit or within your arranged overdraft limit. 

Balance Alerts

We’ll text your balance to you each week on whatever day suits you – you can even specify morning or afternoon. You can also set up alerts to tell you when your account goes above or below a certain limit – so you’ll know when you’ve received a large payment or if your money’s running low.

Network charges may apply to text messages received. 

Set up alerts in Digital Banking

Understanding overdrafts

There are two kinds of overdraft

 

Frequently asked questions

Get answers about overdrafts

Worth knowing

Finding the right account

Our Basic and Young People accounts don’t offer an overdraft facility, and some accounts have a higher interest-free payment threshold. So it’s worth checking you have the right account for you needs.

Use our comparison table to make sure you have the right account.

What's next?

Ready to apply?

Apply for an overdraft Manage an existing overdraft
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