Overdrafts
Business can be challenging. This is why we offer flexible overdrafts that give you added peace of mind.
An overdraft allows you to borrow through your current account to deal with short-term cash flow needs.
Available to
- Santander Corporate Current Account holders.
- Subject to acceptance. Any decision will depend on your financial status.
- We will review your Overdraft every year. Any change in your situation could result in a different decision.
Benefits
Simple and flexible. Only pay interest on the amount you borrow; on the days you're overdrawn. You may also cancel your overdraft at any time.
No minimum limit. Only apply for the limit your business needs.
Available in sterling only.
Interest is linked to the Bank of England Base Rate. As this changes, your interest rates will change in line with the same amount.
Good to know
- We will review your overdraft on an annual basis. If approved, there will be a further arrangement fee. This fee is payable irrespective of how much you use the overdraft.
- If you borrow more than your agreed limit, an unarranged overdraft interest rate will apply.
- We may request collateral to support your application. Please speak to your Relationship Team for further information.
- Overdrafts are repayable on demand.
Overdrafts are designed to support your short-term cash flow needs. If you require longer-term borrowing, you may require another product. Please speak to your Relationship Team for further information.
We do not provide any advice about our Overdraft product. If you need guidance, we recommend that you get independent advice.
Applications are subject to status and overdraft facility terms and conditions. The right to decline any application is reserved.
Related content
