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Home>Glossary>Unarranged overdraft

Unarranged overdraft

Cards & borrowing
Going overdrawn without an agreed overdraft limit.

Overview

Unarranged overdrafts often have higher fees or charges.

They can indicate financial stress to lenders.

Why it matters

  • It can be expensive and hard to manage.
  • It may affect affordability checks.
  • Repeated use can harm your credit profile.

FAQs

Does an unarranged overdraft affect my score?

It can if reported or if it leads to missed payments or fees.

How can I avoid unarranged overdrafts?

Set balance alerts, keep a buffer, or request an arranged overdraft.

Related terms

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