All businesses need to be flexible, so it’s good to be ready for the unexpected. An overdraft facility, operated as a limit on your Business Current Account, will make sure that funds are available to meet the day-to-day working capital requirements of your business.
Normally overdrafts are quick to arrange and you will have access to funds in a short period of time.
Overdraft facilities are cost efficient as interest is only paid on the amount used. You can use your overdraft to suit your temporary cash flow shortfalls and repay withdrawn balances as soon as you have the funds.
Although repayable on demand, the term of your business overdraft can be tailored to suit your requirements. Overdrafts are normally reviewed every six months or at other agreed intervals. Tell us about your plans and needs. We will then discuss your business requirements, agree on the overdraft limit and interest rate. | |  |