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Overdrafts
Our Business Banking Direct Current Account
overdraft can assist your short-term financial requirements.
Benefits
- Unsecured
overdrafts available up to £25,000 for sole
traders, partnerships and Limited Companies who have been trading for 12 months. (Limited
Companies need to supply a Directors Guarantee).
- Simple application process – all we need is 12 months
business bank statements to support your application.
- Overdrafts can be arranged over the phone and by post.
Features
- Variable interest rate linked to the Royal Bank’s Base
Rate.
- Interest is only charged on the amount borrowed, not the
total facility agreed.
- Interest is calculated on a daily basis and charged to your
account quarterly.
- Fees: arrangement 1% (minimum £50, maximum £250).
To request an information pack or apply for a
Business Banking Direct Account, click on the "Contact Us" button above.
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