Overlay

Boost cash flow with a Business Overdraft

Financial support so you can focus on your business

Features and Benefits

Features and Benefits

Flexible monthly payments

You can reduce your overdraft by as much or as little as you want each month, with no set minimum pay back each month.

Increasing your overdraft?

Find out more about increasing your existing overdraft below.

What rate will I pay?

All rates will be advised upon receipt of application. Should you wish to renew your overdraft, you will be charged an annual renewal fee for each year you renew. What you should know: If you exceed your agreed limit you will be charged an unarranged borrowing rate and be subject to unpaid / paid item fees.

Borrow up to £50k (subject to credit approval)

To find out more on how to apply, please see below.

Boost cashflow and only pay interest on what you borrow

An overdraft is a useful safety net. If you need a quick cash injection or help when an unexpected cost comes along, an overdraft is there if you need it. If you don’t use your overdraft facility, you don't pay any interest. Simple as that.

Eligiblity

All lending is subject to financial status and conditions and is for business purposes only. You must be over 18 years of age and must be resident in the United Kingdom.

Ready to apply

If you have a Relationship Manager, please contact them in the first instance to discuss your options. If you do not have a Relationship Manager, apply below. 

We'll call you back

We're keen to get to know you and your business. Once we've received your application we'll give you a call to run through your business finances. When we've got all the information we need, we aim to give you a decision within 2 working days.

Wish to borrow £25k or less? Discover the rates you're likely to pay and check your eligibility.

Already an Ulster Bank Business Account customer?

If you have a Relationship Manager please contact them to find out how much you could borrow.

Amount you'd like to borrow.

Please note. You can only check rates up to £25,000.

Business Overdraft available over 12 months only

  • 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

Representative EAR

Interest Rate %

5.25%

Arrangement Fee

£300

Please be aware, should you exceed your overdraft limit or have an item returned unpaid due to insufficient funds, our unauthorised borrowing rate and standard transaction charges will apply.

There's no obligation and you will not be credit scored.

100% of SME customers received an end quote that was the same, better or no more than 10% above their indicative quote. 

You may also be eligible for a Business Loan.

  • 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

FAQs

4 reasons to choose Ulster

We’re open for UK businesses

We're helping so many businesses across Northern Ireland. Why not be part of the success?

We’re experts in most fields

We have customers in most sectors, so you can be confident with our expertise and support.

We offer a support network

You'll receive your own Relationship Manager (turnover and eligibility criteria apply).

Our app makes it easier for you

With fantastic features, our app can do the heavy lifting, so you can focus on your business. (eligibility criteria applies).

Application declined?

As part of our commitment to you we provide a transparent and open appeals process. If you disagree with our decision and your application has been declined you can request a review via our online appeal application.

Who can appeal?

If you meet all of the criteria detailed you are entitled to make an appeal

Appeal eligibility:

  • You have applied to Ulster Bank for lending
  • Your lending request has not been declined due to bankruptcy
  • You have submitted a formal lending application
  • Your appeal related to a lending application declined within the previous 30 days
  • Your annual group turnover is less than £25m

Something else we can help you with?