Overlay
Arranged overdrafts

See the estimated overdraft limit you could be eligible for

Representative 39.49% APR (variable)

How does our overdraft compare?

Benefits of an arranged overdraft

An arranged overdraft allows you to go overdrawn  from £250 up to £5000, with an agreed limit, so it could help cover an unplanned expense. Think of it as a short-term safety net for your current account. 

Only pay interest if you use it

Quick access to funds

It takes about 5 minutes to apply in Anytime Banking or the mobile app (app eligibility applies)

Manage my existing overdraft

You can make changes to your arranged overdraft in our mobile app or via Anytime Banking. Here's what you need to know.

Why chance it? Check if we’ll say ‘yes’.

Check if you could get an overdraft before you apply. It’s free to check, takes minutes and won’t affect your credit score.​

Got a joint account? We suggest you each check, as you might get different results.

How do overdraft costs work?

Overdraft costs

Arranged overdraft charges

We don’t charge fees for using an arranged overdraft – we only charge interest on the amount of overdraft you use. The interest you pay depends on the type of current account you have with us. 

Unarranged overdraft charges

If you go into an unarranged overdraft, we will charge interest (this will also depend on the type of your current account). The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80.

Further costs details

Returned Payments

An Unpaid Transaction Fee of £1.55 is charged for a transaction that we return unpaid. A transaction (e.g. a Direct Debit) will be returned if the payment cannot be met from funds in your account or any unused arranged overdraft facility and we decide in our discretion not to make the payment.

Charging Periods

Charges are accrued during a charging period. At the end of the charging period you will be notified of the total amount owed and when it will be taken from your account - this will be 21 days after the end of the charging period.

Types of overdrafts

What is an arranged overdraft?

An arranged overdraft is when we agree to a limit that lets you spend a bit more money than you have in your current account. This could help you manage your money if you have to cover short-term expenses such as an unexpected bill.

What is an unarranged overdraft?

An unarranged overdraft is when you spend more money than you have and you haven’t previously arranged an overdraft limit with us, or you have exceeded your existing overdraft limit.

Free text alerts

If you start to use an arranged or unarranged overdraft, we'll send you free text alerts to keep you updated.

How much does my overdraft cost in pounds and pence?

Choose your current account to view the interest costs when you use a £500 overdraft.

See how much interest you might pay

Use our overdraft cost calculator to see how much interest you’d pay based on your own circumstances and borrowing amount.

Is an overdraft right for you?

Overdraft? Loan? Credit Card? Figure out what type of borrowing is best for you.

OK, let's start

Increasing or applying for an overdraft?

To apply for an overdraft or increase it, you must:

  • Be 18+ and live in the UK.
  • Have an eligibile Ulster Bank bank account and pay a regular amount, like a salary, into it.
  • Not have been bankrupt in the last 6 years, or anyone else on your account.

Got a joint account? We’ll only check the eligibility of the person who applies.​

We’ll start with a soft credit check. This won’t affect your credit score. 

All okay? Let's go

What would you like to do today?
What device are you using?
Are you using your mobile, or something else, to apply for an overdraft?
Is our app on the device you’re using right now?
The Ulster Bank app is the easiest way for you to apply for an overdraft. Do you have it on this device?

Great, let's get started

Just a heads up - you'll be asked to log into the Ulster Bank mobile app to start your overdraft application.

Do you have Ulster Anytime Banking?
If you know your Anytime Banking details we can pre-fill some of your info - making the application process faster.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Anytime Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Anytime Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Anytime Banking

You’ll need to sign up for Anytime Banking with us in order to apply for an overdraft. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Ulster Bank Debit Card, if you have one.

Do you have Anytime Banking?
Got Anytime Banking? We’ll pre-fill some of your info – so it’s faster for you to apply.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Anytime Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Anytime Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Anytime Banking

You’ll need to sign up for Anytime Banking with us in order to apply for an overdraft. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Ulster Bank debit card, if you have one.

What device are you using
Are you using your mobile, or something else, to apply for an overdraft?
Is our app on the device you’re using right now?
The Ulster Bank app is the easiest way for you to apply for an overdraft. Do you have it on this device?

Great, let's get started

Just a heads up - you'll be asked to log into the Ulster Bank mobile app to start your overdraft application.

Do you have Ulster Banking?
If you know your Anytime Banking details we can pre-fill some of your info - making the application process faster.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Anytime Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Anytime Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Anytime Banking

You’ll need to sign up for Anytime Banking with us in order to apply for an overdraft. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Ulster Bank Debit Card, if you have one.

Do you have Anytime Banking?
Got Anytime Banking? We’ll pre-fill some of your info – so it’s faster for you to apply.

Log in to start your application (please read the below carefully)

To apply, you’ll need to log in to Anytime Banking, then return to our overdrafts page.

How to apply:

(Please take notes or a picture of this, so you remember)

  1. Log in to Anytime Banking.
  2. Choose ‘Overdrafts’ (it’s under ‘Our Products’, bottom right).
  3. You’ll return to our overdraft page.
  4. Choose ‘Apply for or manage your overdraft’.
  5. Choose ‘Continue’ (under ‘All okay? Let’s go.’)

 

Log in and apply

Let’s get you signed up for Anytime Banking

You’ll need to sign up for Anytime Banking with us in order to apply for a overdrafts. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Ulster Bank debit card, if you have one.