Increasing Your Businss Overdraft | Ulster Bank


Increasing your Business Overdraft

In 2 simple steps

Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

Step 1: The need-to-knows


 Available for your short-term cashflow needs

 Tailor the term to suit your needs - available for up to 12 months 

 Pay interest on the amount you use

 Interest rate is variable and linked to either Bank of England Base Rate or Three Month Libor linked rate 

 Security may be required

Guide to overdraft pricing
Business overdrafts Compare pricing
Overdraft £1,000  £5,000  £10,000 £15,000 £20,000 £25,000
Arrangement Fee £150 £150 £150 £150 £200 £250
Representative EAR (variable) 7.98% 7.98% 7.98% 7.98% 7.98% 7.98%



If you have a Relationship Manager please speak to them about your borrowing needs.

Interest on your account is calculated daily, based on your end of day balance and rate and charged to your account quarterly.

Representative EAR (Effective Annual Rate) is used for comparison purposes and shows the annual interest rate we reasonably expect at least 51% of customers who are accepted for and enter into the overdraft agreement to get. It is calculated by using the rate of interest charged if you remained overdrawn for a year, the frequency with which interest is charged, and the effect of compound interest on your debt. The Representative EAR does not include other fees or charges

Step 2: Apply

  Apply online in just 15 minutes - don't forget to have your annual accounts or projections to hand.

  Provide an email address in your application and get updates every step of the way.

  We'll do our very best to give you a decision within 3 working days.

Apply for an Overdraft increase
Important Information
  • All lending is subject to financial status and conditions and is for business purposes only.
  • Applicants must be over 18 years of age and residents in the United Kingdom.
  • Formalities include the use of Credit Reference Agencies who will note that an enquiry has been made about you. If you borrow and do not repay in full, within the agreed terms, Credit Reference Agencies may be advised and will note the outstanding debt. This may affect any future applications for credit facilities through the Ulster Bank Group of Companies or other lenders. All Ulster Bank credit facilities are subject to Lending criteria, Terms and Conditions.
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or if calling from abroad, 0044 2890 538459

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