RBS Business overdraft: the real cost
The second-cheapest overdraft on the board right now.
What 30 days overdrawn costs
| Amount overdrawn | Interest over 30 days |
|---|---|
| £10,000 | −£42.14 |
| £25,000 | −£105.36 |
| £50,000 | −£210.72 |
5.25% EAR (representative) · £300 arrangement fee
How the £25,000 figure is worked out
- Amount charged interest
- £25,000
- Daily rate from 5.25% EAR
- 0.0140%
- Interest over 30 days
- −£105.36
The table ranks interest only. RBS Business also charges a £300 arrangement fee, shown beside the rate and not included in the figures above.
#2 of 7 cheapest at £25,000 · cheapest right now: NatWest Business →
Common questions
How much does the RBS Business overdraft cost?
At £25,000 overdrawn for 30 days, RBS Business charges −£105.36 in interest at its representative 5.25% EAR. At £10,000 it’s −£42.14; at £50,000, −£210.72. A £300 arrangement fee applies on top.
Is the RBS Business business overdraft the cheapest?
Not at £25,000 overdrawn: it ranks #2 of 7 on interest. The cheapest right now is NatWest Business. Compare arrangement fees too; they sit outside the ranked figure.
Why is the rate called representative?
Business overdrafts are priced to the applicant. The representative EAR is the rate the bank expects at least 51% of accepted customers to get, and it is the figure the bank itself publishes. Your offer can differ.