An approved facility on your Business Current Account usually for up to a year that helps cover unexpected expenses. These overdrafts can help maintain your cash flow by providing extra financing when you need it.
A quick glance
- You only pay interest on what you borrow
- Interest is calculated daily on the overdrawn balance and debited to the account every six months
- You can at any time apply to change the amount and/or duration of the overdraft - subject to approval
- Security may be requested