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Personal Overdrafts

Overdrafts give you a credit facility for temporary and occasional use.

How a Personal Overdraft Works

Credit Facility

An overdraft is a credit facility on your current account* that allows you to access funds to an agreed limit above your actual balance.

Accessing your funds

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.

How much of an overdraft can I have?

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.

Benefits of a Personal Overdraft

  • Easy access to funds
  • Automatic renewal
    If you operate your account within the agreed terms, then your overdraft can be automatically renewed when the term of the overdraft expires.
  • Interest calculated on the overdrawn balance
  • Peace of Mind
    Provides peace of mind that additional funds are accessible.

How much a Personal Overdraft costs

Interest charged

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.

Facility fee

There is a facility fee of EUR25.39 charged per annum or per overdraft sanction, whichever is the more frequent.

Important / Regulatory Wording

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.

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Next Steps

Call 1890 724 724

Related Information


Our Terms and Conditions and Privacy Statement apply to your use of this website. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: Bankcentre, Ballsbridge, Dublin 4.
Tel: + 353 16600311 Registered in Ireland : Registered No. 24173. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995