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 APR2
Clear 34.25% 40.17%
Graduate – Arranged Overdraft limit related to how long you were in full time 3rd level education. 0% 0%
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 4 August 2023 Bank of Ireland UK Base Rate was 5.25%.
2 APR stands for Annual Percentage Rate (variable). The APR is an annual percentage expressing the total charge for credit. It includes interest and any additional fees (we don’t charge additional fees). The APR allows you to compare the cost of the overdraft with other providers or other types of borrowing.