All businesses have ups and downs — an overdraft stays in place, so you can use it whenever you need it. There are no fixed repayments, and you’ll only pay interest on what you use.

This is a flexible, fast and accessible solution for your business needs. In an emergency this facility allows you to withdraw by cheque, cash or pre-authorised payment to continue your operations.

Why an overdraft?

  • Helps smooth out cashflow fluctuations, so you’re never caught short.
  • Stays in place — use it as often as you need to.
  • Only pay interest on what you use.
  • Repayments up to you.
  • Pay it off anytime.

How it works

An overdraft might be right for you if you frequently have gaps in supply and payment, or you regularly need to purchase materials in advance. Unlike a business loan, you’ll only pay interest on what you use, and you can pay it off (and re-use it) whenever you like.

  • We’ll agree an overdraft limit for your overdraft that will be accessible from your transaction account.
  • You can spend anywhere within this limit.
  • Interest is calculated daily and charged monthly on the amount you’ve been overdrawn during the month