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Ulster Bank Ireland DAC is no longer accepting any new application requests from personal customers.  There are some exceptions to this for existing customers, click here for further information.

What is an Overdraft?

An arranged overdraft gives you access to extra funds in your current account when you run out of money unexpectedly.

For example, if you have €30 in your current account and you have an overdraft limit of €100, you could then make a payment of up to €130.

You only pay interest when you use your overdraft. Interest is charged on the amount you've borrowed at the stated rate for your account, as long as you're within your limit. Set up and annual renewal fees also apply.

Fees and Charges - The need to knows

    Overdraft set-up fee €25 - paid when your overdraft is set up or your limit is increased

If you spend more money than you have in your account, or go over your overdraft limit, this is called an unarranged overdraft. This could work out to be more expensive than using an arranged overdraft because of the charges involved.

For full details of the interest and charges please read  A guide to personal account fees and interest.

Eligible accounts

Arranged overdrafts are available on the following accounts:

  • Current
  • Private
  • Current Plus
  • ufirst
  • ufirstgold
  • ufirst Private
  • Student
  • Graduate Accounts

Arranged overdrafts are not available on the following accounts:

  • Dual
  • Service
  • Adapt
  • Facility
  • Standard Accounts

All the above accounts are no longer available.

What if I have a student or graduate account?

Student overdrafts are interest-free up to €2,500 depending on your course and level of grant.

Graduate overdrafts are interest-free up to €1,500 for up to one year after you graduate.

Common questions