Give yourself some wiggle room
We all get a little low on money sometimes, especially if a bill comes out of the blue. Having an arranged overdraft with your current account could come in handy if you need some short-term funds.
If you're an existing HSBC customer with an overdraft, you can log on to online banking and manage your current arranged limit.
0% EAR (variable) on the first £25, 39.9% EAR (variable) thereafter, giving a representative rate of 38.9% APR (variable)
Based on an assumed arranged overdraft of £1,200 for an HSBC Bank Account
Check if you’re eligible
Find out if you’re likely to get an arranged overdraft, without affecting your credit score.
Using this tool won't affect your current arranged overdraft if you already have one with us.
What you’ll get with an overdraft from HSBC
Handy text alerts to help you stay on top
We’ll let you know if you’ve gone overdrawn or are about to. Making it easier to stay on top of your finances.1
Simple, capped interest if you go over your limit
There’s a monthly cap on unarranged overdraft charges of £20 on our accounts.
An interest-free buffer for extra peace of mind
Most of our accounts (excluding Basic Bank Account) come with safety buffer of £25 or more. So if a payment takes you a few pounds overdrawn, you won’t face interest or charges.
An instant decision if you’ve already got an account
Apply for a new or increased overdraft online or in our app. If you’re accepted, your funds will be available straight away.
How our overdrafts work
We offer 2 main types of overdraft: arranged and unarranged.
Who can apply
To be eligible for an arranged overdraft you’ll need to be 18 or over and have one of these current accounts:
- Premier Bank Account
- Advance Bank Account
- Bank Account
- Graduate Bank Account
- Student Bank Account
- Bank Account Pay Monthly
Overdrafts aren’t available to customers with one of our Basic Bank Accounts.
Please note that all overdrafts are repayable on demand.
Overdraft text alerts
Bank Account Pay Monthly
Apply for or manage your arranged overdraft
You can use online banking or our mobile app to apply for and manage your arranged overdraft. Please make sure you read the important information in the 'Things you should know' section before applying.
Apply for or manage your arranged overdraft in the mobile app
To apply, increase, decrease or remove an arranged overdraft:
- Log on to the app.
- Select your current account.
- Tap on the ‘More’ tab.
- Select ‘Manage arranged overdraft’ at the bottom of the screen.
- Follow the on-screen instructions to complete your request.
New to HSBC
You can ask for an arranged overdraft when you open a current account with us. Overdrafts aren’t available with our Basic Bank Account.
Already with HSBC
You can apply for, increase, decrease or remove an arranged overdraft in online or mobile banking.
Apply in branch
If you’re worried about your overdraft use
If you find you’re using your overdraft frequently, it can end up costing you a lot in interest and fees. The good news is there are some practical steps you can take.
One place to start is by reviewing your monthly commitments and seeing if there’s anything you could cut back on. Perhaps you could switch to a cheaper energy deal, for instance, or cancel your TV subscription for a while. Having even a small surplus left in your account at the end of each month could save you money in overdraft interest and/or fees over time.
For more tips, read our article on managing your finances.
Getting help with money worries
If you’re ever finding it hard to manage your overdraft or financial situation in general, please get in touch. Our team of financial specialists will talk to you about your situation and help you find a solution.
Please use our Live Chat option if it’s available, or you can find our contact details at the bottom of this page.
Prefer to get help from someone else?
You can also get free, impartial advice from a number of independent organisations, including:
Things you should know
If you notice that you are relying on an overdraft for extended periods of time, consider asking us about alternative lending products that may better serve your needs.