Overdrafts - Personal Banking | Ulster Bank

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Overdrafts

Apply today for an instant decision

Open to UK residents aged 18 or over with an eligible Ulster Bank current account. Lending is subject to credit review and approval.

What are the different types of overdraft?

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Icon expand Arranged overdraft

This is a set limit we agree with you (after you've successfully applied). The limit then lets you spend more than you actually have in your current account. This might be on things like paying a bill just before pay day that you'd forgotten about.

As an example, if you have an arranged overdraft of £100, and £50 of your own money in your current account, you could then make a payment of up to £150 because of the arranged overdraft. 

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Icon expand Unarranged overdraft

An unarranged overdraft is where you spend more money than you have in your current account and haven't agreed an arranged overdraft limit beforehand, or you go over your arranged overdraft if you have one.

If you enter an unarranged overdraft you may be charged unarranged borrowing fees depending on the type of current account you have, how long you remain in that position.  The maximum monthly charge for all unarranged fees is £80.

Considering an Arranged Overdraft?

Have a little extra flexibility when managing your finances

An arranged overdraft is an overdraft that we’ve approved for you which is available on your current account. We’ll only charge you interest and/or fees if you actually use it.

Get an online decision in minutes if you bank with us online

Apply via online banking or the mobile app and we'll pre-fill your application for you, as well as let you know if you have been pre-approved for an overdraft.

If approved, your limit may be applied the next working day

If you apply Monday to Thurday before 5.30pm.  Apply anytime after this and it will take up to two working days.

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