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Arranged overdrafts

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



Unarranged overdrafts

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.

Other ways to borrow

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

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