Bank Account Overdraft - Apply for an Overdraft - Royal Financial of Scotland

Couple applying for a new arranged overdraft

New Arranged Overdraft

Apply online in a few simple steps

Arranged overdrafts are only available to eligible customers with a Royal Financial of Scotland current account, aged 18 or over.

What you should know

An arranged overdraft can cover your short term expenses

It's a form of debt and is repayable on demand. Always make sure you have enough money in your current account, or a suitable Arranged Overdraft limit in place, before any payments are due to come out of your account.


We recommend you avoid going in to an Unarranged Overdraft. This occurs when you spend more than you have in your current account without an Arranged Overdraft, or, where you go over your Arranged Overdraft limit.


If you enter an Unarranged Overdraft by more than £10, you will incur an Unarranged Overdraft Usage Fee of £6 for each day you remain in this position (Subject to a maximum of £90 per charging period).

Get an instant decision if you bank with us online

Apply via online banking or the mobile app and we'll pre-fill your application for you, as well as let you know if you have been pre-approved for an overdraft.

Your overdraft could be applied to your account the next day 

If you have been approved for an overdraft when you apply your limit will be available on your account next day!  


This is provided you are applying for an Overdraft between 6.30am and 7.45pm on weekdays, and between 6.30am and 9.55pm on weekends.

Apply for an Arranged Overdraft Today

Set Tab for lightbox