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Change your existing Overdraft

Change your
Arranged Overdraft limit

Arranged Overdrafts are available to eligible Royal Bank of Scotland current account customers, UK residents aged 18 or over. You must pay your salary or a regular amount into your current account.
On this page
Summary
Things to keep in mind
How to change your limit
Coronavirus help and support
Change your limit

Support with Coronavirus

There are two ways we're helping customers who use an overdraft during the Coronavirus pandemic

Overdraft interest staying at current rates

From Monday 30th March until 14th July, all of our Personal Banking customers using their overdraft will pay less as we’re keeping overdraft interest at their current rates. 

Most customers will pay Representative 19.89% APR (variable) or 14.89% APR (variable) until 14th July, rather than our planned rate of Representative 39.49% APR (variable). Reward Black customers will remain at Representative 14.89% APR (variable), rather than moving to Representative 19.49% APR (variable). Please note, this isn’t a change to your overdraft terms & conditions.

There also won’t be any other fees or charges in addition to the above interest rates. 

To find out more about our Overdraft charges after 14th July, please use our cost calculator.

Use our Cost Calculator

Request £500 interest-free on your existing overdraft

You can request £500 interest-free on your existing arranged overdraft (or up to your existing arranged overdraft limit if lower than £500).  

This is a temporary measure and will be interest-free from application date for three months. Take a look at our helpful FAQs for more information.

Please remember that after the three months ends, we will start to charge interest on the full balance. 

Make your interest-free request

Changing your overdraft limit won’t take long

If you’ve got an Arranged Overdraft limit on your account that you feel is too low or too high, we’ll show you how to change it.

Things to keep in mind

If you reduce it too much or cancel, you might go into an Unarranged Overdraft. Here’s an example of Unarranged Overdraft costs.

Fee

Unarranged Overdraft interest
Unpaid transaction fee
Monthly Maximum charge

Amount

Interest charge depending on account
£2.75
£20
You can also use our Cost calculator to see how much an arranged or unarranged overdraft will cost based on your circumstances.
Overdraft Cost Calculator

Tips to help you change your overdraft limit online

How to change your overdraft

Check your personal details

As you’re changing a form of debt, we have to go through an application form. We'll ask you to review your personal details first.

Confirm your new limit

Please tell us what you want your new overdraft limit to be. If you're increasing your limit the request will be subject to a credit assessment.

Submit your application

Apply online using the section below. Once you’ve submitted it, we’ll action it as soon as we can.

Ready to start?

Our online application is available between 6.30am and 9.45pm.

What would you like to do today?

What kind of current account do you have with us?

Do you have Royal Bank digital banking?

To increase your Arranged Overdraft limit online you need to be registered for Digital Banking.

Register here

Great! As we already know a bit about you, applying should be straightforward. Now for the important legal stuff.

To apply online, you must:

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents

Are you ready to continue?

Great! Looks like you're all set and ready to go.

Do you have Royal Bank digital banking?

To increase your Arranged Overdraft limit online you need to be registered for Digital Banking.

Register here

Great! As we already know a bit about you, applying should be straightforward. Now for the important legal stuff.

To apply online, you must:

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents

Are you ready to continue?

Great! Looks like you're all set and ready to go.

To apply online, you must:

  • Be aged 18+ and living in the UK
  • Have not been declared bankrupt in the last 6 years
  • Have read our pricing changes information

Important Information

Please take some time to review, print and/or save the important information. By clicking that you're ready to continue, you are confirming that you have been provided with, and acknowledge our important documents

Are you ready to continue?

Great! Looks like you're all set and ready to go.

Do you have Royal Bank digital banking?

Looks like you're all set. Let's get going

To decrease your Arranged Overdraft online you need to be registered for Digital Banking.

Register here

Do you have Royal Bank digital banking?

Great! Looks like you're all set and ready to go.

To decrease your Arranged Overdraft online you need to be registered for Digital Banking.

Register here