Business Overdraft

Manageable monthly payments

You can reduce your overdraft by as much or as little as you want each month, with no set minimum pay back each month.

What rate will I pay?

If you apply for a limit of up to £500, you will pay an arrangement fee of £50 and a fixed interest rate of 6.5%. For Overdrafts between £501-£1,500, you will pay an arrangement fee of £100 and for overdrafts above £1,500, an arrangement fee of 1.5% or a minimum £150 fee is applied. All other fee’s including interest rates will be made available to you when completing your application.

What you should know

If you exceed your agreed limit you will be charged an unarranged borrowing rate and be subject to unpaid / paid item fees.

Family First event

If you have a Family First event, you could apply for added benefits to your business , to help smooth any bumps in your income during this period. Our normal overdraft criteria apply, but we’ll waive the annual arrangement fee. If you already have an overdraft we’ll waive the renewal during the Family First event. Once you have submitted your overdraft application, or you currently have an business overdraft with us and believe you are eligible for these benefits, please call 03457 114 477 or speak to your RM. Find out more

Family First Eligibility Criteria

The Capital Repayment Holiday and  the Arrangement Fee Free Overdraft  are available to all eligible customers but subject to application and credit approval processes.

Your business must not have more than three directors/partners.

Your business must continue to operate/trade.

The Family First proposition, which includes both the Arrangement Fee Free Overdraft and the Capital Repayment Holiday, can only be used once by the business.

The Arrangement Fee Free Overdraft is available for arranged facility limits up to a maximum of £25,000  The Family First offer can be withdrawn at any time.

Borrow up to £50k unsecured (subject to credit approval)

If you have a Relationship Manager, please speak to them about your borrowing needs. If you do not have a Relationship Manager and wish to borrow up to £50k you can apply online, if you wish to borrow more please contact us.

A flexible way to boost cashflow

An overdraft is a useful safety net. If you need a quick cash injection or help when an unexpected cost comes along, an overdraft is there if you need it. If you don’t use your overdraft facility, you don't pay any interest. Simple as that.

Want to switch your business to NatWest?

Switching bank accounts is really easy. Just look out for the question in the online application that asks if you want to use our Switching Service.

Our Switching Service will move everything across from your old account to your new NatWest account, including Direct Debits, standing orders etc., within 7 working days. It’s completely free and is backed by an industry-wide guarantee to ensure the move goes smoothly. The switching offer doesn’t include any fees you may have to pay to end any arrangements with your existing bank.   

Learn more about the Current Account Switch Service