A little breathing space when you need it

What is an overdraft?

An arranged overdraft can give you access to extra funds in your current account when you run out of money unexpectedly. It is a set amount that we agree with you after you have successfully applied.

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 fees apply.

How could an overdraft help?

Peace of mind

An overdraft provides you with breathing space when you need it. It can also help if an unexpected bill comes out of your account.

Borrow to suit you 

Borrow up to a maximum of one month’s salary, subject to approval. For limits higher than €15k or temporary limits please contact your branch.

No unexpected costs

As long as you stay within your agreed limit, you only pay monthly interest on what you borrow. Set-up and annual renewal fees also apply.

Flexible limits

Remove your limit, or request an increase or decrease whenever you want. There’s no set amount to pay back each month, although interest charges will 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 and Graduate Accounts.

Arranged overdrafts are not available on the following accounts:
Dual*, Service, Adapt, Facility* or Standard Accounts.


*These accounts are no longer available to new customers.

What if I have a student or graduate account?

To help you through your student days we offer an interest-free overdraft of up to €2,500 depending on your course and level of grant (subject to credit review and approval).

You can also apply for an interest-free overdraft of up to €1,500 (subject to credit review and approval) for up to one year after you graduate.         

Common questions