What you can get

  • Business overdrafts from £500-£25,000
  • Only pay interest on the amount you borrow on the days you’re overdrawn


  • You have a Santander business current account
  • Your business is registered in the UK
  • All directors, owners (shareholders) or partners are aged 18 or over and UK residents
  • You’re a sole trader or your business is a partnership, limited liability partnership, private limited company or a trust
  • You haven’t been a disqualified director or a director of a failed business within the last 6 years
  • You have a good credit history and haven’t been declared bankrupt or had an Individual Voluntary Arrangement in the last 6 years (either the company, directors, owners or partners)

Arranged overdraft

(subject to status)

  • Representative 5.75% EAR​​​​​ (variable)
  • Annual fee 1% of the agreed overdraft (minimum fee £50)

There are fees associated with overdrafts on the 1|2|3 Business Current Account and Business Current Account.



Arranged Overdraft interest rate

5.75% EAR representative (variable), which is the Bank of England base rate plus 5%

Annual fee     

1% of your agreed overdraft limit (minimum £50)

Unarranged Overdraft interest rate

25.75% EAR (variable), which is the Bank of England base rate plus 25%

Unpaid item fee                    


Please see the Key Facts Document in the ‘Key documents’ section for full details.

The Client Current Account doesn’t offer an arranged overdraft. You can find details of the account’s unarranged overdraft fees on the Client Current Account page.

If you have a Business Everyday Current Account (no longer on sale), you have slightly different rates and fees

We’ll let you know at least 30 days before we debit your annual renewal fee and at least 14 days before we debit your monthly charges and interest.

If your business needs an arranged overdraft over £25,000, take a look at Corporate and Commercial Banking

Everything you need to know before you apply

The documents below have important Overdraft information, so we recommend reading them before you apply. You should save or print them so you can refer to them in the future.



If you opened a 1|2|3 Business Current Account or Business Current Account before 28 March 2019 or hold a Business Everyday Current Account, please see your Key Facts Document

What happens after I apply?

Our Business Overdraft is subject to status. If your application is approved, we'll send you a letter confirming the overdraft facility.


Keep your banking details private and secure.

For more information about our approach to security as well as more useful information to help you stop the threat of fraud visit our Security Centre