Business overdrafts

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Please note that surcharge interest will not be charged from 23rd August 2021 until further notice.

Business overdrafts at a glance

Do you need help to manage your cashflow?

We offer:

  • An overdraft term of 12 months1
  • Competitive interest rate of 8.05%
  • An overdraft l​imit to suit your business
  • A flexible source of funding

Quick decisions

To apply online, you must be over 18 years of age and seeking an overdraft limit of €1,000 to €120,000.

You can also phone our Business Overdrafts team on ​0818 210 614​.

We use automated decision making to process your application. If you don’t agree with the result, you can contact us and have those decisions reviewed by a member of our team.

Find out more about the rules on Lending to Small and Medium Enterprises​​.

Warning: If you do not meet the repayments on your credit facility agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Warning: The cost of your repayments may increase

Level of security required will be determined by the amount, purpose and term of the overdraft, in conjunction with the nature and value of the security being offered. If you are applying for an overdraft for a limited company, we may ask for a Personal Letter of Guarantee (PLG) as security.

Lending criteria and terms and conditions apply. Bank of Ireland is regulated by the Central Bank of Ireland.

1 A permanent overdraft is a 12-month facility, subject to terms and conditions.

Ways we can help