Please note that this article relates only to our FlexAccount current account.  Select the following links for information on rates fees and charges for FlexDirect or FlexPlus.

An overdraft is a credit facility that allows you to spend more money from your current account than you have in it. You must be 18 or over to apply for an overdraft.    There are 2 kinds of overdrafts:

  • Arranged – where we formally arrange a limit with you
  • Unarranged – where you borrow without prior arrangement up to a reserve limit that we may set in advance on your account

The amount of any arranged overdraft we may offer you depends on your financial circumstances and our terms and conditions.

You can use an overdraft if you need some extra money in your account, for a short period of time. It can cover your bills before your salary is paid in, for example. Overdrafts are repayable on demand. If you are planning to have a large outstanding balance on your current account over a long period of time, we have alternatives available that you may wish to consider.

This is the amount of overdraft we have approved for you up to an arranged limit, after taking into consideration your financial status.

This amount is reviewed every 6 months and we may reduce your overdraft or in exceptional circumstances we may withdraw it completely. We would only do this after carrying out a number of checks such as looking at the conduct of your current account, or any other Nationwide account and your credit rating generally. You will be notified in writing of any changes. If the account continues with the same level of funding and within the arranged limit, the arranged overdraft limit will usually be renewed with no inconvenience to you.


There are no set up fees. You are only charged interest for the days and amount you are overdrawn, click this link for our FlexAccount rates & charges.

The reserve limit is the amount up to which we are prepared to pay transactions above an arranged overdraft limit. Beyond this point transactions are returned unpaid. Payments above the arranged overdraft limit will incur the relevant unarranged overdraft usage fees.

Click here to learn how to re-instate your reserve Limit.

Find out how to opt-out of your reserve limit by reading our understanding overdrafts guide .

To view or change your arranged overdraft limit, please log in to the Internet Bank and:

  1. Select 'View accounts' 
  2. Select your current account 
  3. Select 'Overdraft options' from the View accounts menu on the left side of the page
  4. Follow the on-screen instructions

The Overdraft link will not be available if:

  • you have a FlexBasic account
  • there's no arranged overdraft facility available on the account
  • there are charges pending on your account, or
  • when you opened the account, you chose not to have an arranged overdraft facility.

If you don't think any of these reasons apply or you don't bank online, please contact us or visit a branch for an overdraft.

If you don't bank online

Please contact us or visit a branch to view or change your arranged overdraft limit.

The Overdraft link will not be available if:

  • you have a FlexBasic account
  • there's no arranged overdraft facility available on the account
  • there are charges pending on your account, or
  • when you opened the account, you chose not to have an arranged overdraft facility.

If you don't think any of these reasons apply or you don't bank online, please contact us or visit a branch for an overdraft.

Confirmation of your request

To receive an instant decision online, we recommend that you submit your request during the following hours when we are able to immediately confirm your overdraft limits:

  • Monday to Saturday 6am - 11pm
  • Sunday 6am - 6pm

If you submit your request outside the above hours, or if we have to carry out further checks, we will reply to your request with a secure message within 3 working days.


When your arranged overdraft application has been successful, the overdraft will be added to your account from the second working day following approval. We'll send you a letter of confirmation.

This overdraft is available to you on an ongoing basis. After 6 months we will review your arranged overdraft limit. If we need to make a change to your limit we will contact you in writing 3 weeks beforehand advising of this change. We will continue to review your arranged overdraft limit on a 6 monthly basis.

If you go over your arranged overdraft limit you then have an unarranged overdraft which has not been agreed in advance with Nationwide.

This means we will charge you:

  • for each transaction we pay or return (bounce) a Paid or Unpaid transaction fee*
  • interest on the total overdrawn balance.

*The monthly cap on unarranged overdraft charges for FlexAccount is £50. Further details can be found online at Monthly Maximum Charge (MMC)

All arranged overdraft requests, regardless of the reserved amount shown, are subject to a final appraisal of your financial standing. This check will be carried out at the time of your request and will determine the arranged overdraft limit to which we can agree to. This will involve a credit reference check.

We take various factors into account when deciding whether to offer you an arranged overdraft and what limit we can give you. These include:

  • the conduct of other accounts you hold with Nationwide,
  • the potential risk to Nationwide,
  • specific lending policies, i.e. as responsible lenders we check to ensure that any lending by us does not lead to over-commitment, to ensure that you maintain a level of borrowing which doesn't exceed your disposable income and which won't become a burden to you, and
  • information about existing or previous financial arrangements, typically obtained from a credit reference agency.

When you apply for an arranged overdraft or change an existing arranged overdraft, we may carry out a credit reference check to help us make a decision. This will be recorded on your credit reference file. A high number of applications for credit in a short time period may affect your ability to obtain credit in the future.

You can obtain personal information held by the credit reference agency, which may have been used by Nationwide from the three main credit reference agencies, Experian, Equifax or Call Credit.

* Nationwide is not responsible for the content or accuracy of external websites.

If your request has been unsuccessful and you wish to appeal against the decision you will need to obtain an appeals form from any Nationwide branch. This form should be completed and returned to the branch for consideration.

  1. Log in to the Internet Bank
  2. On the account overview page, click on the dropdown list of 'Common activities' to the right of the relevant current account
  3. Select 'Manage overdraft' from the list that displays and then click 'Go'
  4. Continue to follow the on screen instructions to change your limit or remove your overdraft.

Please note that the overdraft link will not be available if:

  • There's no overdraft facility available on the account
  • There are charges pending on your account, or
  • When you opened the account, you chose not to have an overdraft facility.

Or, if you prefer, you can ring our call centre on 0800 30 20 11 or visit us in branch.

You will be informed and updated about your overdraft limit, and any planned changes in the following ways:

  • in writing at least 3 weeks before the change is made, or 
  • on your monthly statement.