Business Current Account Overdrafts

Overdrafts are the flexible way to meet working capital and other short-term requirements.

• There are no minimum or maximum amounts - the level is agreed between you and your Relationship Manager
• Variable Interest Rate linked to the Royal Bank's Base Rate
• Interest is charged only on the amount borrowed - not on the total facility
• Interest is calculated daily on the outstanding balance and charged quarterly
• Fees: arrangement 1%, renewal 0.5%
• Base Rate Caps are available
• Business Loanguard is available