<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WTMQ4QSL" height="0" width="0" style="display:none;visibility:hidden" title="gtm-frame"></iframe>Help with overdraft and how it works
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Overdraft basics – how it works

Attached to your current account, the Zempler overdraft can act as a temporary safety net should you run low on funds or have cash flow issues. 

Although it can be useful for unexpected expenses, you shouldn’t rely on your overdraft as part of your account balance.

Interest rates tend to be higher than with credit cards, so paying off as much as you can as soon as you can, will reduce how much you pay in interest.

The benefits of overdrafts include:

✔️ Providing a useful safety net.
✔️ They are always available (up to an approved limit).

But you should be aware, overdrafts:

❌ Are not for regular or long-term borrowing.
❌ Have high interest rate (when used).


  • Yes, using a Zempler credit add-on like an overdraft could impact your credit score.

    If you manage your overdraft responsibly, don’t rely on it extensively and make all your repayments on time, it can have a positive impact on your credit score as it shows you are financially responsible.

    If, however, you’re late making your repayments or miss some completely, it may harm your credit score. This can reduce your chances of getting credit or make it more expensive for you to get credit in the future.

    You should never take out more credit than you can repay.

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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 Zempler Bank, Mastercard and use of trademarks, please see our full legal disclosures at https://www.zemplerbank.com/legal/. Zempler Bank Limited (“Zempler Bank”) is registered in England and Wales at Cottons Centre, Cottons Lane, London SE1 2QG (No.04947027). Zempler Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 671140. 

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