Business Overdraft

Every business needs access to cash over and above its natural cashflow from time to time. A Business Overdraft with AIB gives your business the flexibility to manage short-term cashflow needs without having to arrange a new credit facility every time.

How a Business Overdraft works

• Access to cash
  A Business Overdraft allows your business current account to go into an overdrawn position, up to a pre-agreed limit
• Competitive
  Interest on a business overdraft is variable and charged quarterly but is calculated daily. This means that you only pay interest on your daily, overdrawn balance.
• Flexible, agreed terms
  Your AIB Relationship Manager will look at your application on an individual basis and the amount of your limit and interest rate you pay on that limit is agreed before being taken up. A business overdraft has no fixed repayment schedule and is generally reviewed on an annual basis.

Benefits of a Business Overdraft

• Flexible finance
  A Business Overdraft gives you the flexibility and peace of mind of having extra cash available outside your company's normal cashflow. It is versatile and easy to use, allowing you to better manage your working capital and prepare for one-off or unexpected spending without having to look for a new credit facility every time.
• Low cost finance
  With a Business Overdraft from AIB you only pay interest on the money you actually borrow with interest calculated on your daily, overdrawn balance.

Eligibility

All businesses with a current account are eligible to apply for a Business Overdraft. All applications will be assessed on their own merits.

Important / Regulatory Notice

Full details can be found in the AIB Terms and Conditions governing Business Lending brochure, a copy of which is available from your local AIB Branch.

Lending criteria, 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. Security may be required.

Back to Top