A Business Overdraft is a flexible source of short-term cash that helps you deal with unexpected costs and allows you to manage your changing cash flow requirements throughout the year. Essentially, an overdraft is a method of allowing an account balance to operate in debit up to an agreed level.

Key benefits:

• Reduced timing differences between payment of creditors and receipt of money from your debtors
• The ability to pay interest only on the funds you use
• A variable interest rate
• Fluctuating balance with no set repayments
• Access to you funds in a variety of ways including cheque, online or telephone banking.