Features & Benefits Running your own business requires all your energy and focus. Now cash flow is one less thing to worry about when you use our business overdraft on your current account at Bank of Ireland. It gives you flexibility, peace-of-mind and a little extra security in what can be a dynamic business environment. You can renew your bank overdraft on an annual basis and you only pay for what you use, with competitive business overdraft rates assured. An overdraft is the most common source of short-term finance available and is used in conjunction with your current account. Every overdraft is tailored to your needs and we will sit down with you and agree your credit level in advance. As a flexible source of funding, you can use your overdraft to fund the day-to-day operating requirements of your business. These might include working capital funding, seasonal fluctuations in business cash flow or dealing with late payment by debtors.