Overdraft Application

To continue you must:

• Be aged over 18 years
• Be a resident in the Republic of Ireland
• Have a Bank of Ireland current Account
• Be in regular employment or in receipt of a pension
• Understand your new overdraft will be opened in your sole name. To apply for a Joint overdraft please call 0818 200 334

Overdrafts are not available on Student accounts. For information on our student lending options please visit the Bank of Ireland website.

Your overdraft limit should ideally be between 50% and 75% of your net monthly salary. 

We understand that there are times in life where you may need a larger amount and, if this is the case, please call us on 0818 200 334 and our agents will review your application. 

Each application is individually assessed and depending upon your circumstances you may be offered an amount lower or higher than the limits referenced above.

In order to provide you with a timely response and to allow us assess risk fairly and consistently, we use automated decision making. If you do not agree with the result, you have the right to provide us with your point of view and have those decisions reviewed by a member of our team.

NOTICE: Under the Credit Reporting Act 2013 lenders are required to provide personal and credit information for credit applications and credit agreements of €500 and above to the Central Credit Register. This information will be held on the Central Credit Register and may be used by other lenders when making decisions on your credit applications and credit agreements.

The Central Credit Register is owned and operated by the Central Bank of Ireland. For more information, including how your data is processed, see www.centralcreditregister.ie.

Under the Credit Reporting Act you are entitled to:

• get a copy of your credit record from the Central Bank (for sole traders and individuals this will be free and for companies the first credit report each calendar year is free);
• correct any errors on your credit record;
• tell the Central Bank if you suspect you may have been impersonated and
• ask the Central Bank to add a short explanation written by you to your credit record.

To learn more about the register, and your rights and duties under the Credit Reporting Act 2013, please see www.centralcreditregister.ie