Borrowing from us - Overdrafts

An 'overdraft' is where we lend you money when you would otherwise not have money available to make a payment*.

Planned Overdrafts

A 'Planned overdraft' is an overdraft up to an agreed limit which you arrange with us in advance. We will not charge you for setting up a Planned Overdraft.

Unplanned Overdrafts

If you try to make a payment out of your account (for example by Direct Debit or cheque) and you don't have enough money, we will treat this as a request for an 'Unplanned Overdraft' or for an increase in one you already have. If we agree, we'll provide you with an Unplanned Overdraft (or extend your existing one) to cover the payment. You'll pay a monthly fee if you use an Unplanned Overdraft any time during a monthly billing period and also pay a daily fee, which reflects how far and how long you go over your limit. If we don't agree to give you an Unplanned Overdraft, you won't be able to make the payment and a fee will apply.

Find out more about our overdraft rates and charges.

How do I apply?

Island residents

Visit your local branch or contact your relationship manager.

WorldWide Service and International account holders

Call your dedicated PhoneBank.

* How much we lend (if any) is subject to our assessment of your personal circumstances. Overdrafts are also repayable on demand.
You must be over 18 to apply.