An overdraft is a credit facility and is designed to be used for a short time (think of it as a short-term safety net, for example, to pay an unexpected bill) and repaid when you receive your income.

Please be aware that overdrafts can get expensive due to interest if utilised for long periods.

If you're struggling financially please let us know so we can look at ways to help.

What can I use an overdraft for?

Overdrafts are typically suitable for short-term financial support, when you may have unplanned expenses, or when you may not have enough funds in your account to cover a larger payment than your available balance.