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Arranged Overdrafts

Take a look at our
arranged overdrafts

Support with Coronavirus

We're helping our overdraft customers in two ways.

We're helping our overdraft customers in two ways

Postponing the introduction of our increased overdraft interest rate

Until 7 August 2020, our personal banking customers will pay less as we're keeping overdraft interest at current rates. There also won't be any fees or charges.

Request up to £500 interest free on your overdraft

If you’re financially impacted by coronavirus, you will have until 31 October to request £500 interest free on your existing arranged overdraft (or up to your existing limit if lower than £500).

New arranged overdraft

When you need a bit of 'wriggle room' until payday

You only pay interest if you use it. No fees

Get an instant decision if you bank online with us

Quick access to funds

Representative 39.49% APR (variable) 

Representative 19.89% APR (variable) between 30th of March and 7th August to support our customers during the Coronavirus pandemic 

Available to eligible Royal Bank of Scotland current account customers, UK residents aged 18 or over. Subject to lending criteria.

Check your eligibility

Use our eligibility checker to find out if you'll be accepted before you apply. It won't harm your credit rating and it takes just a few minutes.

Change your existing overdraft

If you already have an arranged overdraft on your Royal Bank of Scotland current account, we'll keep you right when it comes to increasing, reducing or removing your limit so you're in control.

Student and Graduate Arranged Overdrafts

Student Arranged Overdraft

Could be helpful if you're living on a tight budget

Interest-free overdraft up to £2,000 (£500 in first term)

Get an instant decision if you bank online with us

Available to eligible Royal Bank of Scotland Student current account customers, aged 18 or over, who've lived in the UK 3+ years. Subject to lending criteria.

Graduate Arranged Overdraft

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

Available to eligible Royal Bank of Scotland Graduate current account customers, UK residents aged 18 or over. Subject to lending criteria.

Tools to help you

Check your chances before applying

Give our eligibility checker 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.

Find out how much interest 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 affect your credit rating.

Things to know about Overdrafts

Something else we can help you with?