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Who can apply?

You can use our online form if:

For all other requests, such as overdrafts over £500, call us on 0800 121 7365 or visit a branch.

Next steps

If you’re good to go, read and agree to the legal bits and important stuff to get started.

The legal bits

You'll need to agree to our arranged overdraft terms:

  1.  

    We'll give you 14 days notice before we take any interest from your account.

  2.  

    You'll pay interest on the amount you're borrowing at the end of each day. You'll be charged the interest the next month.

  3.  

    We can ask you to repay your overdraft at any time but we'll always tell you first and as soon as we can. That's only fair.

We've got three different rates: 19.9%, 29.9%, and 39.9%, depending on your financial situation. The highest rate you could pay is 39.9% EAR variable.

You'll find the terms, exact interest rate and overdraft limit in your arranged overdraft agreement. If we approve your application, we'll email it to you.

You can see how much it might cost by using our overdraft calculator.

Important stuff

  • An arranged overdraft is a way of borrowing money from us. You need to set it up before borrowing.
  • If your request is successful, the interest rate you'll pay will be in your arranged overdraft agreement. Make sure you read this agreement and are happy with the interest rate before you use the arranged overdraft.
  • Your overdraft can impact your credit score in both good and bad ways, depending on your management of it. Managing your account and overdraft responsibly can boost your credit score. But, going into an unarranged overdraft can hurt it and may lower your chances of getting credit later on.
  • If a payment would take you over your arranged overdraft limit, you’ll either go into a temporary unarranged overdraft or we may refuse the payment.
  • If you go into an unarranged overdraft, you may face legal action to recover what you owe.

You can find more useful information in our overdraft document.

Ready to apply?

We'll ask for:

How we handle your data

We'll always treat your data with respect, you can find out more details in our privacy policy.

We only use your information to process your application, check accuracy and stop financial crime.

Your questions answered

Your application will go through some checks - this takes a few days. Then we'll send you an email with the outcome. We'll either:

  • approve your request
  • set the arranged overdraft limit for as much as we can offer
  • let you know if we are not able to offer you an overdraft right now

The maximum rate we'll charge you is 39.9% EAR variable.

Find out how much it might cost you by using our overdraft calculator.

If your request is successful, we'll let you know your exact interest rate in your arranged overdraft agreement that will be sent by email.

You need an email address to use this form. If you do not have an email address, contact us to see if we can help.

We only offer arranged overdrafts on the following accounts:

  • M Plus Account
  • Club M Account
  • Private Current Account
  • Current Account Tracker

This form is only for M Plus and Club M Accounts. If you have a Private Current Account or Current Account Tracker, contact your Private Manager to set up an arranged overdraft.

We'll use the mobile number on your account to send text alerts when you:

  • use your arranged overdraft
  • need to pay money into your account

You can use the app or internet banking to opt out of text alerts or add more alerts. 

Yes, you have a legal right to cancel your arranged overdraft within 14 days.

You'll need to repay any outstanding balance and interest within 30 days of the date you cancel it.

You can remove your arranged overdraft at any time by using the online form or calling us. Just make sure you've repaid any outstanding balance and interest first.

The maximum overdraft limit you can apply for online is £500. If you need a higher limit, please call us on 0800 121 7365 or visit a branch.

Aim to repay your overdraft borrowing as quickly as possible and use it responsibly. If there isn't enough money in your account for a payment, or if it goes over your overdraft limit, we might refuse the payment.

Your overdraft can affect your credit score in both good and bad ways. If you manage your account and overdraft responsibly, it can boost your credit score. But, if you go into an unarranged overdraft, it can harm your score and make it harder to get credit later.

Need some help?

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See the answers to the questions we get asked most.

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0800 678 3654

Or if you're abroad, call us on
+44 141 221 7300

We're here Monday to Friday 8am to 6pm,
Saturday 9am to 1pm

Calls may be recorded for training and quality purposes.

[1] EAR (Effective Annual Rate) - The Effective Annual Rate is used to express the cost of borrowing on current accounts. The EAR takes account of the rate of interest charged, the frequency it is levied to accounts and compounding of interest. It does not include overdraft fees and is variable.