Arranged overdrafts

We all sometimes need a little wriggle room. With an arranged overdraft, we agree an amount of credit on your current account — extra money that’s available to you when you need it. Arranged overdrafts are designed for short-term borrowing, and you're only charged for the amount you use.

All of our current accounts offer an arranged overdraft, except FlexBasic. You can ask us for an arranged overdraft when you apply or any time afterwards. If you have a FlexOne, you’ll only be able to apply for an arranged overdraft after you turn 18.

To get an arranged overdraft

You need to:

  • be 18 or over
  • be a UK resident.

We’ll also look at your circumstances before we offer you an arranged overdraft.

Bank accounts with optional arranged overdrafts

Everyday current account overdrafts

Student or graduate account overdrafts

Youth account overdrafts

Unarranged overdrafts

  • An unarranged overdraft is when you go over your arranged overdraft limit or when your balance falls below £0 and you don’t have an arranged overdraft in place.
  • This is borrowing that’s not agreed with us in advance.
  • We don’t offer unarranged overdrafts at Nationwide. Instead, we’ll try to stop any payments from coming out of your account if you don’t have enough money.
  • No charges apply if you go into an unarranged overdraft. But you will not be able to withdraw cash or transfer money until your account balance is back in credit or within its limit.
  • Unarranged overdrafts can be bad for your credit score.

Other ways to borrow

Arranged overdrafts are designed for short-term borrowing. But there are other ways to borrow that may be more suitable for you, depending on your needs. Learn about:

Nationwide adheres to The Standards of Lending Practice, which are monitored and enforced by the LSB: (opens in a new window).