A personal overdraft gives you a credit facility on your Current account for temporary or occasional use. Getting an overdraft from Claddagh Credit Union helps you easily deal with unexpected expenses and get through those times when you need an extra helping hand.

With our Current Account, you can now apply for an overdraft

  • Apply online or in Branch
  • You can apply for an overdraft on your Current Account from €200 up to a maximum of €1,900.
  • The interest rate is 12% per annum variable. Interest is only charged on overdrawn balances. We do not currently apply surcharge interest (surcharge interest is charged by some financial institutions on unauthorised overdrawn balances).
  • An overdraft fee of €25 is charged on approval and on each anniversary of the overdraft approval date.
  • Overdrafts are subject to financial status and are not available to persons under 18 years of age.

  • Log in to your online account (or register now)
  • Click on ‘Apply for Overdraft’
  • Complete the application form
  • Upload most recent 6 months bank statement & recent proof of income
  • A Staff Member will be in contact
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  • Call into any branch
  • Apply with the assistance of one of our staff members
  • Provide 6 months most recent bank statement & recent proof of income
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  • You must hold a current account with us to avail of the overdraft facility.
  • Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. An overdraft facility fee of €25 per annum, or per overdraft sanction, whichever is the more frequent will be applied.
  • The overdraft facility is subject to the condition that your Account on which the overdraft facility is made available must operate in credit for a minimum of 30 days (consecutively or otherwise) in any 12-month period after activation of the overdraft facility and any subsequent renewal thereof.
  • If you go overdrawn without authorisation, you exceed your agreed Overdraft Limit or your account does not operate in credit for a minimum of 30 days (consecutively or otherwise) in any 12-month period, this may affect your credit rating and future access to credit.

View all Terms & Conditions for your Current Account & overdraft here (pdf)

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If you would like more information please contact Claddagh Credit Union today.

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