Overdrafts give you a credit facility for temporary and occasional use.
An overdraft is a credit facility on your current account* that allows you to access funds to an agreed limit above your actual balance.
You can access the overdraft when you use your AIB Debit Card, when withdrawing cash from an ATM, or when you write a cheque or pay a bill.
Under normal circumstances, you can apply for an overdraft for an amount up to that of your monthly income. Depending on your circumstances, though, the overdraft could be for a greater amount and our staff would be more than happy to discuss this with you.
Interest is charged at the Bank’s Standard variable ‘A’ Current Accounts and Personal Bank Accounts Overdraft rate. View our Related Information section to see our Personal Lending Interest Rates.
There is a facility fee of EUR25.39 charged per annum or per overdraft sanction, whichever is the more frequent.
Terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. A facility fee of EUR25.39 applies.
AIB is a registered business name of Allied Irish Banks, p.l.c.
AIB strongly recommends that before purchasing this product that you read the Important Information about your Distance Contract below.
*Customers with a Personal Bank Account Plus or Current Account can apply for a Personal Overdraft.