Student arranged overdraft. Apply for an overdraft. Graduate arranged overdraft. A little help when you enter the world of work. Arranged Overdraft interest rates. Select account Gold account Student overdraft Graduate overdraft. Account type. Interest free buffer. Nominal Monthly Rate. Nominal Annual Rate. Time period. Nominal Monthly rate. Arranged overdraft interest is calculated on a daily basis and charged monthly.
What is an unarranged overdraft? What is the unarranged overdraft usage fee? What is an unpaid transaction fee?
What is the monthly maximum charge? What is an interest free buffer? Log in to the app, select the 'Help' icon at the bottom, and you'll see your customer number at the top of the screen. It just takes around 5 minutes. Need a hand getting set up?
Use our step-by-step guide. You'll need to re-register for Online Banking where we'll remind you of your customer number and you can pick a new PIN and password. New arranged overdraft. A short-term safety net for those unexpected bills. Representative 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.
On this page. What you'll get. Eligibility checker. Features and benefits. About the costs. Cost calculator. Apply now. What you'll get with an overdraft from NatWest. Just pay for what you use. We'll only charge interest on the amount you use There are no other usage charges or fees. Applying in minutes. It takes about 5 minutes to apply in Online Banking or the mobile app app eligibility applies We'll pre-fill your application with information we already have.
Fast access to funds. If approved, your overdraft will normally be available the next working day - subject to exceptions We'll send handy text alerts to help you stay on top of your finances. Why chance it? It just takes a few minutes and it won't impact your credit score. Check my eligibility. Before you apply If you're accepted. Before you apply OpenClose. Overdrafts explained. First things first. There are 2 types of overdrafts — arranged and unarranged.
Both types will cost you money in interest when you use them. It can give you an idea of your potential overdraft limit and representative APR. It takes just a few minutes and won't harm your credit rating. Check if you're eligible. Find out how much interest you're likely to pay. Why not use our overdraft cost calculator to see what an overdraft would cost you based on your circumstances? The great news is, it won't harm your credit rating.
Check the costs. Tips to help you change your overdraft limit online. Increase your limit. Reduce your limit. Remove your limit. If you want to remove your overdraft completely, your account must be in credit. How to change your overdraft. Review your personal details. We'll ask to review your personal details first. Increase, reduce or remove your limit. Tell us what you want your new overdraft limit to be. If you're increasing your limit, your request will be subject to credit assessment.
If you get a credit card, don't spend anything else on your new card. Shop around to get the best deal, and use a price comparison site to help you. If you choose to repay your card with other credit, keep up with your repayments to avoid extra charges and interest. Speak to your bank about how to do this.
They may allow you to set up a new bank account with no overdraft from which you can do your day-to-day banking. If you currently have a pot of savings, it makes sense to use this to clear some or all of your overdraft. That's because the amount you'll pay in interest and charges will far outweigh the amount of interest you'll be gaining in your savings account.
How confident are you that you can use it only when absolutely necessary? If you think you may be too easily tempted to use it, you can ask your bank to either reduce your overdraft or get rid of it altogether. Another option is to switch to another bank that offers a basic bank account with no overdraft. Our recommendations on how to reduce your overdraft should be used as a guide. Here are some final tips:.
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