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Change a Rabo Short-Term Overdraft

Do you have a Rabo Short-Term Overdraft for your payment account? Find out how to adjust your overdraft limit or cancel your overdraft facility.

Set your own overdraft limit

Your overdraft limit can range from €275 to €2,500, depending on your financial and personal situation. We look at include your income and outgoings (expenses), among other things.

If you would like an overdraft facility for your payment account but you do not have one yet, you can apply for a Rabo Short-Term Overdraft.

How to change your overdraft limit

Lower limit

Raise your overdraft limit

Click 'Lower your overdraft limit' below.
Choose the account for which you want to change the limit.
Choose your overdraft limit, then click 'Okay, I understand'.
Review the agreement and select 'Sign'.
You will receive a confirmation in 'Messages'.

Lower your overdraft limit

Keep the following in mind

You only pay interest on the amount by which you are overdrawn.

Your balance must be positive for 24 hours at least once every 3 months.

You can only change your overdraft limit if you have activated the overdraft facility.

You can change your overdraft limit as often as you want through Rabo Online Banking. If you do not have access to Rabo Online Banking, please contact us.

Make sure that your new overdraft limit can cover your current balance. For example, you may not reduce your overdraft limit to €500 if you are already overdrawn by more than that.

Your overdraft limit is registered with the Dutch Credit Registration Office (BKR).

Change your Rabo Student Overdraft limit

If you have a Rabo Student Overdraft and you want to reduce your overdraft limit or cancel your overdraft facility, please contact us.

FAQ

An overdraft is said to be unauthorized (not allowed) if it exceeds your overdraft limit. You need to take this into account when you change your overdraft limit.

Example: if you reduce your overdraft limit from €1,000 to €500, you must make sure that your account is overdrawn by no more than €500 at that time. Being overdrawn by more than €500 could result in a negative BKR registration.

More about registration with the Dutch Credit Registration Office (BKR) (Dutch)