Business Overdraft

An overdraft is a simple business financing solution, linked to your business current account, that gives you peace of mind that any short term cash flow requirements will be covered.
 
  • An overdraft facility is arranged with us in advance and is then available for you to use when you need it
  • An overdraft gives your business financial flexibility by assisting with working capital, managing seasonal fluctuations or covering short term cash flow requirements
  • Interest is calculated on a daily basis so you only pay debit interest on the balance that is overdrawn
  • Overdraft facilities are usually subject to an overdraft set up fee. We will review the facility, usually every 12 months, and charge an annual renewal fee
  • Whether we provide credit depends on your circumstances, and you must be 18 or over. Lending terms and conditions apply
  • Arranged overdrafts are repayable on demand. This means you will have to repay the overdraft in full when asked to do so. You may need to provide security for overdrafts



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