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Arranged and unarranged short term borrowing

Overdrafts

Representative 39.49% APR (variable)

How does our overdraft compare? A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year.

To apply you must be 18+ and resident in Jersey, Guernsey, Gibraltar or the Isle of Man. An arranged overdraft is available to those who meet certain conditions. Subject to lending criteria. The minimum overdraft limit you can apply for is £250.

What is an arranged overdraft?

An arranged overdraft allows you to go overdrawn up to an agreed limit, so it could help cover an unplanned expense.

  • You only pay interest and fees if you use it.
  • Could be an interest-free buffer, depending on the current account you have.
Set up an overdraft Open in new window

Change your overdraft limit

You can easily change your overdraft limit, if it’s too high or too low.

You can also ask us to completely remove your overdraft if you don't want it anymore. Bear in mind, you won't be charged if you don't use your arranged overdraft.

How to amend your overdraft Open in new window

How do overdraft costs work?

Arranged overdraft charges

We don’t charge fees for using an arranged overdraft – we only charge interest on the amount of overdraft you use. The interest you pay depends on the type of current account you have with us. 

Unarranged overdraft charges

If you go into an unarranged overdraft, we will charge interest (this will also depend on the type of your current account). The monthly cap on unarranged overdraft charges for our standard adult current accounts is £19.40.

How much does my overdraft cost in pounds and pence?

Choose your current account to view the interest costs when you use a £500 overdraft.
Time period
Interest cost
7 days
£3.17
30 days
£13.59
60 days
£27.56
Representative Example: Effective Annual Rate 0% EAR on arranged overdrafts up to £10, 39.49% EAR (variable) above £10. Representative 39.16% APR (variable). Assumed credit limit: £1200.
Time period
Interest cost
7 days
£0.58
30 days
£2.47
60 days
£4.95
Representative Example: Effective Annual Rate 0% EAR on arranged overdrafts up to £100, 7.76% EAR (variable) above £100. Representative 7.11% APR (variable). Assumed credit limit: £1200.

Overdraft interest rates

Choose your account or overdraft type below and you’ll see the rates applicable to an overdraft.
Account type
Select account
Select account
Overdraft type
Arranged
Unarranged
Interest free buffer
£10
N/A
Nominal monthly rate
2.81%
2.81%
Nominal annual rate
33.75%
33.75%
Effective Annual Rate (EAR)
39.49%
39.49%
Account type
Gold account
Gold account
Overdraft type
Arranged
Unarranged
Interest free buffer
£100
N/A
Nominal monthly rate
0.63%
2.81%
Nominal annual rate
7.50%
33.75%
Effective annual rate
7.76%
39.49%
Overdraft interest is calculated on a daily basis and charged monthly.

Common questions about overdrafts

Apply for an overdraft

Before you apply, we've outlined the eligibility requirements below, along with our terms and conditions so you can make sure it's the right option for you.

You can apply for an overdraft if you are:

  • aged 18+, and;
  • an existing NatWest International bank current account and;
  • permanently resident in Jersey, Guernsey, Gibraltar or Isle of Man.

Please review our important information

By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Let's get started...

To speed up your application for an arranged overdraft, we need to run through some quick questions with you. They'll only take a few minutes.

Continue
Do you already bank with us?
Please tell us if you already hold a NatWest International bank account.
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Next
Where do you currently reside?
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Next
What do you want to do
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Next

Great, you're ready to apply

Get your online application started by clicking 'Start application' below. The full name you put on this form must exactly match the one on the photo ID you'll use later in the application. 

We may ask for:

  • Photo ID, such as a Passport or Drivers licence.
  • A short video or selfie to compare with your photo ID.
  • Bank e-statements or utility e-bill 

We'll be in touch by phone shortly to talk through your borrowing needs and next steps.

Previous
Start application

Great, you're ready to apply

Get your online application started by clicking 'Start application' below. The full name you put on this form must exactly match the one on the photo ID you'll use later in the application. 

We may ask for:

  • Photo ID, such as a Passport or Drivers licence.
  • A short video or selfie to compare with your photo ID.
  • Bank e-statements or utility e-bill 

We'll be in touch by phone shortly to talk through your borrowing needs and next steps.

Previous
Start application

Great, you're ready to apply

Get your online application started by clicking 'Start application' below. The full name you put on this form must exactly match the one on the photo ID you'll use later in the application. 

We may ask for:

  • Photo ID, such as a Passport or Drivers licence.
  • A short video or selfie to compare with your photo ID.
  • Bank e-statements or utility e-bill 

We'll be in touch by phone shortly to talk through your borrowing needs and next steps.

Previous
Start application

Great, you're ready to apply

Get your online application started by clicking 'Start application' below. The full name you put on this form must exactly match the one on the photo ID you'll use later in the application. 

We may ask for:

  • Photo ID, such as a Passport or Drivers licence.
  • A short video or selfie to compare with your photo ID.
  • Bank e-statements or utility e-bill 

We'll be in touch by phone shortly to talk through your borrowing needs and next steps.

Previous
Start application

We're sorry...

Our overdrafts are currently available to applicants located in Jersey, Guernsey, Isle of Man or Gibraltar only.

Our International Personal Banking service is available to customers that meet our minimum age, residency, balance and/or deposit requirements.

Find out more about International Personal Banking

If you wish to discuss an amendment to an existing overdraft but you do not reside in Jersey, Guernsey, Isle of Man or Gibraltar then please contact us.

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You need to have an account with us...

Our overdraft is only available to existing NatWest International customers who have one of our eligible current accounts.

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View our current accounts