Business Overdraft

Our Business Overdraft is a simple, cost-effective way to meet your working capital requirements and get extra cash when you need it. Overdrafts are usually very quick and easy to arrange, and can be tailored to suit your individual needs. Although they don't have a formal repayment schedule, overdrafts are normally subject to annual reviews and are repayable on demand. We will send you a facility letter confirming the details of the overdraft.

• Flexible and easy to arrange.
• Interest is paid only on what you use, not on what is available.
• Overdraft is reviewed every 12 months or at period intervals previously agreed with the customer.
• Security may be required before a Business Overdraft is opened.
• Interest rate is calculated as a percentage over the Bank's Base Rate.