Overdrafts | Current Accounts | NatWest International


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Overdraft fee break

From the 3rd April we're giving a three month break from overdraft fees to all our personal customers using their overdraft.

You will only pay arranged overdraft interest, as we are suspending all overdraft fees for both arranged and unarranged borrowing.

Request up to £500 interest free on your arranged overdraft

If you have been financially impacted by coronavirus (COVID-19), you can request up to £500 interest free on your existing arranged overdraft, or up to your existing arranged overdraft limit if lower than £500.

The interest free period will take effect from the application date and be applied to your account for 3 months.

More about interest free overdraft
Overdrafts What are the different types of overdraft?

Arranged overdraft

This is a set limit we agree with you (after you've successfully applied). The limit then lets you spend more than you actually have in your current account. This might be on things like paying a bill that you'd forgotten about just before pay day.

As an example, if you have an arranged overdraft of £100 and £50 of your own money in your current account, you could then make a payment of up to £150 because of the arranged overdraft.

Unarranged overdraft

An unarranged overdraft is where you spend more money than you have in your current account and haven't agreed an arranged overdraft limit beforehand, or you go over your arranged overdraft if you have one.

If you enter an unarranged overdraft you may be charged unarranged borrowing fees depending on the type of current account you have and how long you remain in that position.

Considering an arranged overdraft?

If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds, you will not pay arranged overdraft interest.

If the amount of your arranged overdraft facility exceeds these thresholds, you will pay arranged overdraft interest at the rates shown in the table on the entire balance, including the amount below the interest free threshold.

Calculation and application of interest

Arranged overdraft interest is calculated on a daily basis and charged monthly.

Type of account

Interest free threshold

Nominal Monthly rate %

Nominal Annual Rate %


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Useful information about overdrafts

What is an Unarranged Overdraft?

An Unarranged Overdraft is when you spend more money than you have in your account and you haven’t previously arranged an overdraft limit with us, or have gone over your existing limit. If this happens, we’ll charge you a fee on the extra amount you go overdrawn. We won’t charge you more than £80 in a monthly charging period for an Unarranged Overdraft or any unpaid transactions.

What is the Unarranged Overdraft usage fee?

An unarranged overdraft usage fee will have been charged if you've gone overdrawn without arranging it with us first. You will also be charged if you have gone over your agreed overdraft limit.


Our fees


An unarranged overdraft usage fee of £8 is charged daily if you use an unarranged overdraft. An unarranged overdraft is created when your account becomes overdrawn without prior arrangement or any arranged overdraft limit is exceeded. The unarranged overdraft usage fee will only be charged if your unarranged overdraft is over £10 at close of business on the day a transaction is paid or taken from your account (and on each subsequent day that your unarranged overdraft remains over £10).


An unpaid transaction fee of £8 is charged for each transaction that we return unpaid. A transaction (e.g. a direct debit) will be returned if the payment cannot be met from funds in your account or any unused arranged overdraft facility and we decide in our discretion not to make the payment.


We don't charge interest on unarranged overdrafts.


For further information please see our rates and fees.  

What is an Unpaid Transaction Fee? 

An unpaid transaction fee would have been charged for each item we returned unpaid. An item (e.g. a direct debit) would be returned if the payment could not be met from funds in your account or any unused arranged overdraft facility and we decided at our discretion not to make the payment.


Unpaid transaction fee - £8 for each returned item. Maximum charge of one fee per charging period (£8).


For further information please see our rates and fees.  

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