Student Overdrafts - Overdrafts | Ulster Bank

Student walking through a park

Student overdrafts

Applying for a student overdraft or changing your limit

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

The need to knows
  • To help you through your student days we offer an interest-free arranged overdraft of up to £1,000
  • Students studying medicine, dentistry, law, accountancy, pharmacy, optometry, physiotherapy and veterinary science can apply for an overdraft limit of up to £3,000
  • Overdrafts have to be repaid within one year of finishing your course
Am I eligible?

To apply online you should:

  • Be 18 or over and resident in the UK
  • Be registered for Anytime Banking
  • Have an Ulster Bank Student Account
  • Use the account as your main account by withdrawing money at least 3 times a month and making 1 or more lodgements each quarter
  • Ensure your account remains in credit for 30 days each year

Useful tips
When you apply we will quote the maximum limit we can offer you, so please stay within this amount.

We will also ask for a review date for your overdraft. Please enter your graduation date when asked for this.

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

Already got an overdraft?

It's easy to change your limit, simply follow the application process below and tell us the total amount you would like, rather than the amount you want to increase or decrease your overdraft by.

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

Student on laptop in cafe
Before you apply Important information

An overdraft is repayable on demand. Overdrafts may not be exceeded without prior permission. If we decide not to make a payment you may be charged an Unpaid Transaction Fee as detailed in Your Overdraft Charges.

We may carry out credit scoring, where we assess whether credit is affordable for you based on the information you provide.

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.

Student Overdrafts Apply online

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

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 

Ulster Bank subscribes to the lending code. The Code can be accessed here.

Set Tab for lightbox