Business Overdraft | Ulster Bank


Business Overdraft

Boost your cashflow and grow your business

Overdrafts are available to existing customers only. Available to over 18s only. Security may be required. Product fees may apply. Lending criteria, terms and conditions apply. Lending is for business purposes only.

For variable rate borrowers:

Warning: The cost of your repayments may increase.

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Ulster Bank support available?

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Business woman applying for a loan


Please note:

If you exceed your overdraft limit without prior authorisation, fees and charges will apply. See A Guide to Business Current Account Fees (PDF, 291KB) brochure for more details

Is a Business Overdraft right for you?
  •  Tailor the term to suit your needs - available for up to 12 months
  •  Interest is connected to the *Cost of Funds.  It is calculated daily and charged to your account quarterly

Lending rates

Lending Rate %
AA1 Overdraft / Loan (Effective from 20th May 2009) 8.45%
Cost of Funds (Effective from 22nd October 2020) * 0.40%
Cost of Funds (Pre 2012 calculation and definition) (Effective from 22nd October 2020) * 0.24%

* To find out what rate applies to you, view our Business Lending Interest Rate Review.

Important Information


Credit facilities are subject to status and conditions. Security may be required. Applicants must be over 18 years of age. Formalities include the use of Credit Reference Agencies who will note that an enquiry has been made about you. If you borrow and do not repay in full, within the agreed terms, Credit Reference Agencies may be advised and will note the outstanding debt. This may affect any future applications for credit facilities through the Ulster Bank Group of Companies or other lenders.

Add your signposting title here… Apply via our online application
  • Apply online in just 20 minutes - don't forget to have your annual accounts or projections to hand
  • Provide an email address in your application and get updates every step of the way
  • We'll do our very best to give you a decision within 5 working days 
  • If we need additional information we won't waste your time - we will let you know within 1 working day
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General enquiries

1850 211 690 (Republic of Ireland)

0345 366 5592 (UK)

Or if calling from abroad 0044 2890 538459

Lines are open 8.30am - 5:30 pm  Monday to Friday - Note calls may be recorded

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