New Arranged Overdraft

An Arranged Overdraft can help smooth out some of life’s little bumps

Representative 39.49% APR (variable)

See how a Royal Bank of Scotland overdraft could help

An arranged overdraft allows you to borrow money up to an agreed limit on your bank account. So if things are a wee bit tight and pay day feels a long way off, it could be a good way to bridge the gap short-term.

Only pay interest if you use it. No fees

Apply with ease

  • It takes around 5 minutes to apply through Digital Banking
  • We'll make things easier by filling in the bits we already know about you

Get your funds quickly

  • If your application is successful, you’ll normally have the funds available on the next working day. But there are some exceptions.
  • Get text messages to keep an eye on your balance

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.

Support with Coronavirus

There are two ways we're helping customers who apply for a new overdraft during the Coronavirus pandemic

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 apply and are accepted for a new overdraft and you’re financially impacted by coronavirus, you will have until 31 October to request £500 interest free on the arranged overdraft (or up to your existing limit if lower than £500).

Features and benefits

Before you apply

Overdrafts explained

We know it’s not always easy to understand overdrafts, so we’ll keep you right by explaining the difference between arranged and unarranged overdrafts. The first thing to know is that both types will cost you money in interest when you use them. But there are other differences too.

Arranged Overdrafts

An arranged overdraft allows you to go overdrawn up to an agreed limit. This type of borrowing can help if things are a wee bit tight and pay-day feels a long way off.

Unarranged Overdrafts

An unarranged overdraft is when you spend more money than you have in your bank account and you don’t already have an arranged overdraft in place, or when you exceed the arranged overdraft limit you already have on your account.

If you're accepted

Manage your overdraft easily, wherever you are

You can use our mobile app or digital banking services to see your balance or change your overdraft limit at a time that suits you.

Text alerts to keep you on the straight and narrow

Our free text alerts help you to keep an eye on your spending.

How much does my overdraft cost in pounds and pence?

Here we can show you an example of the interest cost when you use a £500 arranged overdraft.

Find out how much interest you're likely to pay

Our cost checker tool allows you to see how much interest you’re likely to pay based on how much you plan to borrow, and how regularly you want to use it.

Ready to apply?

Our online application is available between 6.30am and 9.45pm. Please have your Digital Banking log-in details ready.

First, let's check if you're eligible

Use our free eligibility checker before you apply to see if you’re likely to be accepted. It only takes a few minutes and there’s no impact on your credit score.

If you've already checked, you're good to move on to the question below.

Let's get started. Do you have a Royal Bank of Scotland current account?

To apply:

You must be aged 18+ and living in the UK

And must not have been declared bankrupt in the last 6 years

Please read these important documents

Please take some time to review, print and/or save this important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents

Are you ready to continue?

Do you have Digital Banking?

Great! Looks like you're all set and ready to go.

To apply for an Arranged Overdraft online you need to be registered for Digital Banking.

You need a Royal Bank current account in order to apply for an overdraft with us.

Don't worry, we can still give you an indication of whether we'll be able to provide an overdraft before you apply for a current account. It only takes 5 minutes and won't harm your credit rating.