An arranged overdraft can act as a short term safety net. You can use it to borrow money up to an agreed limit through your bank account.
To support our customers through the impacts of the Coronavirus we are making the following changes from the 9th April 2020:
|Halifax Accounts||Interest free amount after 9th July 2020|
|Ultimate Reward Current Account (URCA)||£50|
|All other accounts||£0|
If you don't have enough money in your account or available arranged overdraft to make a payment, we may either let you borrow through an unarranged overdraft or refuse to make the payment. Missing payments and using an unarranged overdraft can damage your credit score, please get in touch with us as we may be able to help you.
All overdrafts are subject to our assessment of your circumstances and are repayable in full on demand. You must be aged 18 or over to apply.
If you’re looking to borrow money, it is important you compare and choose the right options for you based on your circumstances. Your borrowing options.
Find out how likely you are to be approved for an overdraft before you apply, with no impact on your credit score.