Prepare for the unexpected with the Cashplus overdraft

Your short-term safety net to help you deal with life's surprises


 What you need to know

The Cashplus overdraft is your regular short-term safety net – borrow up to £2,000 when you need an extra helping hand. Just pay off as much as you can, as soon as you can, and you’ll reduce how much you pay in interest.



If you’re an existing Cashplus customer, we’ll let you know as soon as you’re eligible for one of our Bank Account Extras via email, Online banking message or SMS.


 Apply for your overdraft

Once you’re eligible, it’s as simple as a few taps in the app or Online Banking to add it to your account. Your eligible products will display on your Account Overview screen, or you can visit the Bank Account Extras section.

You can use our overdraft calculator to see the cost of using your overdraft in pounds and pence, which will help you compare the cost to other ways of borrowing.

Use the calculator below to see how much a Cashplus overdraft could cost you

Interest rate (simple)
1% 99.9%
£0 £5,000
Number of Days
1   30 Days

Summary of charges

Borrowing for at interest* will cost you

* - daily interest rate

Representative APR (variable)

How does our overdraft compare?

A good way to compare the cost with the other ways of borrowing is to look at the APR. This shows the cost of borrowing over a year. 

We’ll review your overdraft limit every six months. You can request the reduction or removal of your overdraft at any time by contacting us.

Man smiling looking at phone

Personal overdraft

Your short-term safety net

We’re here to help for life’s little surprises. Dip into your arranged overdraft of up to £500 for an unexpected bill or a tricky month, and deposit back into it when you’re ready.

Representative example:

Representative APR 69.9% variable

Based on an arranged overdraft limit of £100 and an interest rate of 57.07% EAR (variable)

Business owner holding tablet in shop

Business overdraft

Your business back up

Whether it’s a tight month for cash flow or you just need a little something extra for the office, we’ve got you covered. Borrow up to £2,000 in the short term to help with any unexpected payments or purchase new equipment.

Representative EAR 69.9% (variable)

Annual Fees from £50 up to £150.

Just so you know

The first £5 of your overdraft is free to use. We’ll charge you interest on any daily overdraft balance greater than £5. You can find information about your interest rate in your monthly statements.

You will only be able to make payments from your Cashplus account if you stay within your credit limit. Payment attempts which would take you over your overdraft limit will be refused.

It’s important you make at least the minimum payment on time, as paying late or missing a payment can hurt your credit rating. The fastest and cheapest way to clear your balance is to pay it off in full each month. Visit our FAQs page to find out more or contact us.

You’ll be automatically enrolled to receive overdraft alerts which will help you manage your overdraft and avoid charges. We’ll send you an alert to your registered mobile device if you’re about to enter your overdraft, have entered it, or are approaching your limit. You can control these alerts in the app or Online Banking.

  • If you need some information on your existing overdraft, get in touch or check out our FAQs.

  • Cashplus overdrafts are only available to existing customers who have had their Cashplus Account open for a minimum of three months. We'll let you know when you're eligible for an overdraft by sending you an email, or through notifications in our App and Online Banking.

    If you want to see how likely you are to be approved for a Cashplus overdraft, you can use our eligibility checker and this won't impact your credit file.

    Using our eligibility checker doesn’t guarantee you’ll get an overdraft with us, and you won't be able to make an application for an overdraft afterwards as we only make them available by invitation.

  • Once you've received an offer from us, simply log into the Cashplus banking app or Online banking, navigate to the overdraft screen (within Add-ons or from the tile on your Account Overview) and follow the steps to complete your application. You'll need to read and accept your Credit Agreement and Terms & Conditions.

    Once you've successfully signed up, your overdraft will normally be added onto your account within a few hours, but if we receive your completed application after 4pm on a Friday or over the weekend, it will be available from midday on the next business day.

  • We'll tell you the interest rate, APR, (annual fee if you're a Business customer) and credit limit for your overdraft when we invite you to apply. A good way to compare the cost with other ways of borrowing is to look at the APR - this shows the cost of borrowing over a year.

    You can also use the cost calculator on our website to see how much a Cashplus overdraft could cost you in pounds and pence.

  • Yes, using our credit products could impact your score.

    If you manage your credit responsibly and make all your repayments on time, this could have a positive impact on your credit rating.

    If you're late with, or miss your repayments, this could hurt your credit rating.

Terms and Conditions apply, including applicants being resident in the UK & aged 18+ and, if relevant, businesses being based in the UK.

For full website terms including information on Cashplus Bank, Mastercard and use of Trademarks, please see our full legal disclosures at

Advanced Payment Solutions Limited (APS), trading as Cashplus Bank, is registered in England and Wales at Cottons Centre, Cottons Lane, London SE1 2QG (No.04947027). APS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 671140.

APS provides credit facilities subject to approval and affordability, and where accounts continue to meet APS credit criteria.

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