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Business Overdrafts

When you need a bit of extra cash for a short time only, a Business Overdraft can be an effective way to borrow.

You can apply for a Business Overdraft if you're an existing Santander business current account holder. If you're a new customer, you can apply for a Business Overdraft with your business current account application.

  • Business overdrafts from £500-£25,000

  • Only pay interest on the amount you borrow on the days you’re overdrawn

  • Easy to apply

  • Quick, short-term financing

  • There are fees associated with your overdraft.

Interest rate
The Arranged Overdraft interest rate is 5.75% EAR representative (variable), which is the Bank of England rate plus 5%. (All customers approved for an Arranged Overdraft will get this rate.)

Other interest rates and fees

Description Fee
Annual fee 1% of your agreed overdraft limit (minimum £50)
Unarranged Overdraft interest rate 25.75% EAR variable (Bank of England base rate plus 25%)
Unpaid item fee £15

If you require an Arranged Overdraft over £25,000, please visit Corporate and Commercial Banking.

We will notify you at least 30 days before we debit your annual renewal fee and at least 14 days before we debit your monthly charges and interest.
Please see the Key Facts Document on the Terms & conditions tab for full details.

If you hold a Business Everyday Current Account, you have slightly different rates and fees. See Business Everyday Current Account Key Facts Document.

Please read the full product details and terms & conditions before applying. Other borrowing options are available,
such as business loans or asset finance; see our business borrowing and finance options to find out more.



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.

To view these documents, you may need to download Adobe Reader.

You can apply for a Business Overdraft if:

  • you have a Santander business current account
  • all directors, owners (shareholders) or partners are aged 18 or over
  • all directors, owners (shareholders) or partners are UK residents
  • your business is registered in the UK
  • you are either a sole trader or your business is a partnership, limited liability partnership, private limited company or a trust
  • 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, owners, partners or directors)
  • you haven't been a disqualified director or a director of a failed business within the last 6 years

Existing customers

Apply online
If your business has up to two directors, owners (shareholders) or partners, you can apply online

Apply by phone
Call us on 0800 313 4481. Lines are open Monday to Friday 8am to 6pm.

Apply in branch
To see if a Business Relationship Manager is available to support you,  contact your local branch

New customers

If you're a new customer, you'll need to open a business current account and apply for a Business Overdraft at the same time. See our business current accounts.

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.




Frequently asked questions

All lending is subject to status, availability and our lending criteria.

EAR stands for Effective Annual Rate and represents the yearly cost of an overdraft, which takes account of how often we charge interest to the account, and does not include any other fees or charges. Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our Terms and Conditions.

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