Applying for a business overdraft
If you're looking for apply for an overdraft for your business, this will depend on how your business is structured.
- Limited company - If you're looking to open one of our business accounts for your limited company, you can also apply for a business overdraft as part of that application. Otherwise, if your account has been open for at least three months, we'll contact you when you become eligible.
- Sole trader - If you're a sole trader and your account has been open for at least three months, we'll contact you when you become eligible.
We’ll let you know once you’re eligible to apply by email, SMS, Online Banking message or in the app.
If you’ve opted out of receiving Zempler marketing communications, we won't contact you about any credit offers but you’ll still see the option to apply when you log in to the app or Online Banking.
To update your communication preferences, go to Settings > Manage notifications in the Zempler Bank app or Online Banking.
FAQs
You can apply for a business overdraft during your application or after you've received an offer via email, SMS, Online Banking message or in the app, depending on what business structure your have.
- Limited company - If you're looking to open one of our business accounts for your limited company, you can also apply for a business overdraft as part of that application. Otherwise, if your account has been open for at least three months, we'll contact you when you become eligible.
- Sole trader - If you're a sole trader and your account has been open for at least three months, we'll contact you when you become eligible.
To apply as an existing customer, log in to the Zempler Bank app or Online Banking, go to 'Add-ons' in your Account Overview and follow the instructions.
You'll need to read and accept the Credit Agreement and Terms.
Before you apply, you can work out how much it will cost using our overdraft calculator.
After you've successfully signed up, any annual fee will be deducted from your account balance automatically (business overdrafts only, where applicable).
Your overdraft will normally be added onto your account within a few hours, but if your application is submitted after 4pm on a Friday or over the weekend/bank holiday, it will be available from midday on the next business day.
Yes, you may be eligible for both a business overdraft and business Creditbuilder at the same time.