You are currently in Cayman Islands
Our personal overdraft services are also available in Bermuda
A cushion for unexpected expenses
Adding overdraft protection to your account provides you with a cushion for unexpected expenses by ensuring that your cheques and withdrawals are covered if you're running a bit short on funds.
Having overdraft protection added to your account means:
- You will have funds available to cover unplanned or short-term expenses
- Eliminating the embarrassment and inconvenience of having a cheque returned or a purchase declined (provided you do not exceed the limit of the overdraft facility)
- You will have buffer funds available should you make a budgeting miscalculation
Interest is charged on the amount overdrawn at the current rate of interest until the funds to cover the overdraft are re-deposited to the account.
Note: A higher rate of interest and associated Bank fees are applied to unauthorised overdrafts.
Certain restrictions apply. Processing Fees apply. Fees and interest rates are subject to change without notice.
How to apply for your overdraft
Please submit the following items to apply for your overdraft:
- Confirmation of salary from your employer
- Bank reference letter (required for non-Butterfield clients)
- Details of the item being purchased (please submit invoice if available) where applicable
- Download and submit the Overdraft Request Form
Information about our services