Overdrafts
What is an overdraft?
Our arranged overdraft account allows you to borrow money from us through your current account. When your account reaches zero, an arranged overdraft account lets you continue to access money, even if your account has insufficient funds. An overdraft is useful for covering short-term outgoings, such as an unexpected bill.
Overdrafts are available on all our current accounts except for the Cash and Under 19s accounts.
What is an arranged overdraft?
This is an overdraft that you arrange with us in advance.
To get an arranged overdraft, you must be aged 18 or over and apply online, in a branch or on the telephone. We then run a few affordability checks and, if approved, we let you how much you can borrow.
Once approved, your overdraft will appear on your account immediately for existing customers and in a few days for customers new to TSB.