Island business overdraft

It pays to be prepared. With an overdraft, extra funds are available if and when you need them. Designed for businesses in Jersey, Guernsey and the Isle of Man.

Features and benefits 

  • Set an overdraft limit that’s right for your business (from £1,000 to £500,000)
  • Only pay interest on the funds you use.
  • Choose an overdraft term of up to 12 months.
  • We charge an arrangement fee. This will relate to the amount you borrow.


All Islands Commercial customers can apply.

Interest rates

We will discuss rates as part of your application. These can be tailored to match your business status.

  • Please be aware that charges apply.

    You will pay an arrangement fee of up to 1.5% on the amount of your overdraft, subject to a minimum fee of £100*.

    Subsequent renewals will include an arrangement fee of up to 1.5% (subject to a minimum fee of £100). We will discuss full terms with you before any overdraft is taken out.

    *The minimum fee is applicable in order to cover the administration cost of arranging smaller overdrafts.

    For any borrowing which is unarranged, the Unauthorised Borrowing Interest (UBI) rate is 26.4%.

    The first time you go overdrawn, without an agreed overdraft facility, or exceed your agreed limit with us by £50 or more, you may be charged an Unauthorised Borrowing Fee (UBF) of £15. After that, the UBF is applied every time you increase your unauthorised borrowing by £50 or more from the previous day’s closing balance, unless a higher limit is agreed with us or until the account is within its existing limit or in credit.

    Where you do not have enough money available to make a payment and we do not agree to extend an unauthorised overdraft, you will not be able to make that payment. We charge a £25 fee each time we have to return a payment.

    Call us for information on charges and fees.

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