Manage your cash flow with a Busines Overdraft. Talk to our dedicated Business Banking Team about adding an overdraft to your Business Current Account for this short-term credit facility.
Business Overdrafts are subject to a facility fee charged upon set and annually thereafter. Security may be required, which may incur legal costs for the borrower. If you are applying for an overdraft for a Limited Company, we may ask for a Personal Letter of Guarantee (PLG) as security.
Depending on your business type, you may need to provide us with some supporting documentation when opening your Business Current Account. Our team are here to help you along the way, but to find out what documents you may need click here.
Lending criteria and terms and conditions apply. Approval for a Business Overdraft is subject to repayment capacity assessment and other lending criteria. Over 18s only. Your credit rating with PTSB may also be impacted where you have previously been refused an application for credit with PTSB. Please see our Terms & Conditions and Personal & Business banking charges booklets for full details.
For more information on how we process your application and how you can appeal credit decisions, visit our Business Lending Support section.
Warning: The cost of your repayments may increase.
Warning: If you do not meet the repayments on your credit facility agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.