Unarranged Overdrafts




If you try to make a payment from your account when there is not enough money in it (or enough arranged overdraft limit) to cover it, the payment will usually be declined. However, if the payment is paid this creates an unarranged overdraft on your account and you will be charged the unarranged overdraft rates shown below.

If you have to pay interest we will tell you how much you have to pay at least 14 days before we debit it from your account.

Type of account Unarranged overdraft rate1 APR
Clear 29.10% 33.31%
Graduate – Arranged Overdraft limit related to the number of years you were in full time 3rd level education 0% 0%
Graduate – Arranged Overdraft limit related to your income 7.10% 7.34%
Student account 0% 0%

Please click here for all Current Account unarranged overdraft rates.

You can use our overdraft cost calculator to work out how much overdraft interest you will pay.

You may also pay unarranged overdraft charges depending on the type of current account you have. Click on Fees and Charges section for full details on unarranged overdraft charges.

Unarranged overdraft charges can be completely avoided by ensuring that there is sufficient money in your account or a sufficient arranged overdraft facility to cover all your outgoings e.g. Direct Debits, debit card payments, cheques etc. Find out more about overdrafts by viewing our Overdrafts brochure.

1 Debit Interest varies with Base Rate. On 5 October 2020 Bank of Ireland UK Base Rate was 0.10%.