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Manage my overdraft

Understanding
your overdraft

How much does your overdraft cost?

First things first, let's work out how much your overdraft is costing you. Use our overdraft calculator to get a breakdown of costs, including interest and any fees that may apply.

How you could pay off your overdraft

  1. 01

    Create a budget

    Budgeting is key to reducing your spending and can help you pay off your overdraft faster.

    Use our budget calculator to help understand your total spending vs. your total income.

  2. 02

    Use your savings

    If you have savings, this could be easiest way to pay off your overdraft debt. Having overdraft debt and savings may not make sense as you may be spending more on overdraft interest and fees than you accrue on any savings.

    Use our overdraft calculator to work out how much your overdraft is costing you each month.

  3. 03

    Talk to your bank

    If you know your finances won’t, or are unlikely to improve, we have a number of options available to support you. 

    You can find more helpful information and ways to get in touch on our Struggling financially page.

Change your existing overdraft

If you’ve got an arranged overdraft limit on your Royal Bank of Scotland account that you feel is too low or too high, we’ll show you how to increase, reduce or remove your overdraft limit.

Frequently asked questions

Tools to help manage your money

Do more with the Royal Bank app

Our mobile banking app helps you keep track of your spending on the go. Keep an eye on money coming in and out of your account.

Set-up a balance text alert

Text alerts could help to give you more control over your money with timely reminders so you can take action.

Set-up a budget

Enter your earnings and spending, and our handy tool will help work out what you’ve got left over each month.

Let us help shape your financial future

Get your finances in good shape, discover helpful hints and tips for everyday spending or focus on something specific for the future.

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