You’ll always know where you stand with a Nationwide overdraft
Sometimes we all 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 account, 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.
Accounts with optional arranged overdrafts
Everyday current account overdrafts
Student or graduate account overdrafts
Youth account overdrafts
See how much an overdraft would cost for any of our current accounts. Enter the amount you'd like to borrow and how many days you’ll borrow for. The results will show you all the costs involved.
It’s called an unarranged overdraft when you go over your arranged overdraft limit. Or if your balance falls below £0 and you do not 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 do 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.