A financial safety net, just in case you need it
If you need a little money to tide you over or cover unexpected expenses, an arranged overdraft can be a useful way of borrowing for the short term.
Get text alerts if you're about to go overdrawn
If you've given us your mobile number, we'll let you know if you've gone overdrawn or if we know you're about to.1
Enjoy peace of mind with an interest-free buffer
Most of our accounts (excluding Basic Bank Account) come with a buffer of £25 or more. So if a payment takes you a few pounds overdrawn, you won't have to pay any interest.
Receive an instant decision if you've already got an account
You can apply for a new or increased overdraft online or in our app. If you’re accepted, your funds will be available straight away.
Stay in control
You can reduce your arranged overdraft limit or ask to increase it in our app or online banking. Note: if you're already overdrawn, you can't reduce your limit to less than you've borrowed.
0% EAR (variable)
on the first £25
39.9% EAR (variable)
38.9% APR (variable)
Based on an assumed arranged overdraft of £1,200 for an HSBC Bank Account.
What do EAR and APR mean?
How an overdraft works
An overdraft is a way of borrowing money through your current account.
You’ll go into an overdraft if you make a withdrawal or a purchase that takes you below your available balance. In other words, if your account goes below £0, you’re into your overdraft.
If you've agreed an overdraft limit with us in advance, it's known as an 'arranged overdraft'. If you haven't – or if you've gone past your arranged limit – it's known as an 'unarranged overdraft'.
Most of our accounts (except our Basic Bank Account) come with an interest-free buffer. If you borrow more than this, you'll need to pay interest on the amount you've borrowed.
Tools to help you
Will using or applying for an overdraft affect my credit rating?
What's the difference between an arranged and an unarranged overdraft?
Are there any fees for using an overdraft?
How do overdraft text alerts work?
What should I do if I'm struggling to pay off my overdraft?
To apply for an arranged overdraft you’ll need to be 18 or over. All overdrafts are repayable on demand. Credit is subject to status.
Already got a current account with us?
Prefer to apply by phone or in branch?
Manage your existing overdraft
Don't have a current account with us?
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