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An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.

Important Information

Cost calculator


You can apply for or increase an arranged overdraft using the mobile app, online banking or by calling us. You can also check your eligibility using our eligibility checker.

Further information on all the available support for Coronavirus can be accessed through our dedicated help and support page.

Key features

  • Setting up an arranged overdraft - Setting up an arranged overdraft is free and you’ll only pay daily arranged overdraft interest if you use it.
  • Managing your arranged overdraft - You can reduce, remove or apply to increase your arranged overdraft using Internet or Mobile Banking as well as in branch or through Telephone Banking. But you must repay anything you owe if you want to remove an arranged overdraft or anything over the new reduced limit you want. This application won't affect your credit score.
  • Tools to help you decide - You can also check your eligibility and calculate the cost of any arranged overdraft at any time using the tools.
  • Receive text message alerts – If we have a mobile number for you, we’ll help you keep an eye on your balance. Find out more about text message alerts.
  • Grace period - You have until midnight to bring your account back in to credit to avoid daily arranged overdraft interest for that day. You can do this by transferring money from another personal account you have with us via Mobile Banking, Internet Banking, Telephone Banking or pay in cash over the counter in a branch.

About unarranged overdrafts

If you don't have enough money in your account to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.

All overdrafts are subject to our assessment of your circumstances and are repayable in full on demand. You must be aged 18 or over to apply.

If you’re looking to borrow money, it is important you compare and choose the right options for you based on your circumstances. Your borrowing options.

See if you are eligible

Find out how likely you are to be approved before you apply, with no impact on your credit score.

Eligibility tooloverdraft eligibility tool, opens in a new window

How much will it cost me?

Our calculator will let you know how much your borrowing will cost.

Cost Calculatoroverdraft cost calculator, opens in a new window

Apply for an arranged overdraft

Have you already got a current account with us that offers an arranged overdraft?

Click the ‘Apply now’ button to sign into Internet Banking, then select ‘Overdrafts’ from the left hand ‘Our products and services’ panel, or alternatively from your bank account, select ‘More actions’ and then ‘Overdraft’.

If you already have an arranged overdraft you can apply to increase, decrease or remove your arranged overdraft from your Internet bank account.

Apply nowfor an arranged overdraft.

Understanding interest and charges

Daily arranged overdraft interest rate

Our daily arranged overdraft interest will depend on the amount of your arranged overdraft balance at the end of each day including bank holidays and weekends. We will take the amount of the daily arranged overdraft interest from your account overnight.

If you go over your limit

If a payment takes you over your limit or we refuse it, you won’t be charged by us but you might not be able to make your payment.

This could mean your mortgage or rent as well as other commitments may not be paid and some suppliers may charge you fees for missing those payments.

Overdraft interest

Our daily arranged overdraft interest will depend on the amount of your arranged overdraft balance at the end of each day including bank holidays and weekends. We will take the amount of the daily arranged overdraft interest from your account overnight.

The daily arranged overdraft interest rate for using your arranged overdraft, over your interest-free amount (if your account has one) is based on how you manage any accounts you have with us and on the credit information we hold about you. We will let you know your rate in the pre contract credit information we give you if you apply for an arranged overdraft.

If you are upgrading and don’t already have an arranged overdraft you can apply for one once you complete this application.

Overdraft interest rates for previous bank accounts

For arranged overdraft interest rates relating to bank accounts we no longer offer, please see Previous Bank of Scotland Bank Accounts.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.