This product is no longer available for sale.
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.
To support customers in their transition to a new financial institution, we are removing some of our fees and interest. Where applicable, we will no longer charge the following fees and interest, effective from dates below:
18th August 2022
Surcharge Interest (additional 9% on top of the overdraft interest rate)*
19th August 2022
Overdraft Set Up Fee (€25)
*Overdraft interest continues to be applied on all overdrawn balances, including any excess amount.
If you need additional support, are in financial difficulty, or are in a vulnerable situation we continue to be here to help you please call us on 1850 211 461. (Lines open 24 hours a day including Bank Holidays. Call costs may vary and calls from mobiles may not be free)
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.
Fees and Charges - The need to knows
For full details of the interest and charges please read A guide to personal account fees and interest.
Arranged overdrafts are available on the following accounts:
- Current Plus
- ufirst Private
- Graduate Accounts
Arranged overdrafts are not available on the following accounts:
- 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.
An overdraft is repayable on demand and may not be exceeded without prior permission. If you exceed your limit, surcharge interest plus debit interest will be applied to any amount over the authorised limit. Other charges may also apply. Please see A guide to personal accounts fees and interest for details.