Decrease Overdraft

If you don't need all your
overdraft limit, you can
decrease it

Decreasing your overdraft won’t take long

If you’ve got an Arranged Overdraft limit that you feel is too high and you really don’t need that amount of flexibility on your current account, we’ll show you how to decrease it.

Things to keep in mind…

If you reduce it too much, you might go into Unarranged Overdraft which could be more expensive. Here’s an example for an Unarranged Overdraft over £10
We won't charge you more than £80 in a monthly charging period for an unarranged overdraft or any unpaid transactions.

How to decrease your Overdraft limit

Treat it as a new application

Use ‘Ready to decrease’ below. As you’re changing a form of debt, we have to go through a formal process.

Tell us the new amount you want

The minimum overdraft limit you can have is £250. This means that you won’t be able to reduce your existing limit below £250.

Submit your application online

Apply online using the section below. Once you’ve submitted it, we’ll try to action it as soon as we can.

Ready to decrease?

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 Royal Bank digital banking?

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've been living in the UK for at least 3 years
  • 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

To decrease your Arranged Overdraft online you need to be registered for Digital Banking.