Change Your Overdraft Limit - Overdrafts | Ulster Bank

Couple at ATM

Changing your overdraft limit

Help to increase, decrease or remove your overdraft

Open to UK residents aged 18 or over with an eligible Ulster Bank current account. Lending is subject to credit review and approval. You must pay your salary or a regular amount into your current account.

Support with Coronavirus

We're helping our overdraft customers in two ways.

Postponing the introduction of our increased overdraft interest rate

Until 7 August 2020, our personal banking customers will pay less as we're keeping overdraft interest at current rates. There also won't be any fees or charges.

From 30 March 2020 until 7 August 2020, all our personal banking customers using their overdraft will pay less as we’re keeping overdraft interest at their current rates and won’t pay any fees or charges. 


What's the rate?

Most customers will pay Representative 19.89% APR (variable) for that period, rather than our standard rate of Representative 39.49% APR (variable). uFirst Private customers will remain at Representative 14.89% APR (variable), rather than moving to Representative 19.49% APR (variable). Please note, this isn’t a change to your overdraft terms & conditions.


What will I pay after 7 August?

To find out more about our Overdraft charges after 7 August 2020, please use our cost calculator.



Request up to £500 interest free on your existing overdraft

If you’re financially impacted by coronavirus, you will have until 31 October to request £500 interest free on your existing arranged overdraft (or up to your existing limit if lower than £500).


If you’re financially impacted by coronavirus, you will have until 31 October 2020 to request £500 interest free on your existing arranged overdraft (or up to your existing arranged overdraft limit if lower than £500) for a 3 month period.


On top of the interest free amount, we'll also postpone the introduction of our increased overdraft interest rate

If you request the interest free amount, we'll also keep your overdraft interest at the current reduced rate on any borrowing above £500. 


What if I've already requested the interest free amount?

If we’ve already agreed an interest free period on your overdraft as part of the coronavirus support on or before 01 July 2020, we’ll automatically extend this for you for a further 3 months from when your interest free period was due to end - so, you don’t need to reapply.


We’ll also keep your interest at the current reduced rate, on any borrowing above £500 for the same extended time period.  This will happen automatically. 


Please remember these are temporary measures

It's important to remember that after the 3 month period ends, we’ll start to charge interest at our standard rate on the full overdrawn balance. 


You can use our overdraft cost calculator to check what your interest rate will be and what an overdraft would cost you based on your circumstances when the temporary measures end. 


How do I make the request?

If you have an overdraft with us, just fill in a few details to make the temporary interest free and lower rate request.  Have your account number and sort code to hand. 


Check out our helpful FAQs for more details.

If you’ve got an arranged overdraft limit on your account that you feel is too low or too high, we’ll show you how to change it.

Increasing your Arranged Overdraft

Is your overdraft limit no longer right for you? We understand that circumstances may change, so if you’ve got an overdraft limit that you now feel is set too low and you'd like more or the limit is no longer right for you, you can apply online to increase it to cover your short-term expenses.

Things to keep in mind:

  • Increasing your limit often - an Overdraft is a form of debt and applications are recorded on your credit file and could affect your ability to get credit in the future, so bear that in mind
  • Our decision - we base our decision on your individual circumstances, by looking at a variey of factors like; your income, your credit score, how you use your current account with us, your employment and marital status, and whether you have dependents.

Decreasing or removing your Arranged Overdraft

Man on laptop

It's easy to change your existing overdraft limit

If you want to decrease your limit, simply tell us the total amount you would like, rather than the amount you want to decrease your overdraft by.

To completely remove your overdraft limit, enter '0' when asked for the total limit you require on your account.

If you want to remove your overdraft completely, your account must be in credit.

If you are not registered for Anytime Banking you can register now. Otherwise please contact your local branch to apply.

Overdrafts Change your limit online

You can apply online between 06:00 and 21:45.

How your information might be used

It’s important for you to understand how we use and share your information.  Please read this short summary before you continue with your application.

By ticking this box I confirm that:

I have saved and/or printed a copy of the documents below and accept that upon completing this application, I will become bound by the terms contained in those documents.

Your Current Account Terms

Your Overdraft Charges 

Our Lending Commitments 

Set Tab for lightbox