Take control with greater flexibility for your business.

A Business Overdraft from Allied Irish Bank (GB) allows you to go into an overdrawn position up to a pre-agreed limit. So you have peace of mind that extra funds are available outside your normal cash flow, should you need them. It’s versatile and easy to use, allowing you to manage your working capital and prepare for one-off or unexpected spending without having to look for a new credit facility every time.

 

5.9% EAR* (variable) representative on Standard Tariff Unsecured Business Overdrafts up to £25,000.

(other overdraft amounts available at alternative rates)

 

 

 

Representative example

 

New Standard Tariff Unsecured Business Overdrafts of £10,000 will be charged at 5.9% EAR (variable). Charges may apply.  An arrangement fee will be charged of normally 1.5% (minimum £500).  Renewing or increasing an overdraft will be charged at 0.5% minimum.

 

*Effective Annual Rate of Interest (EAR): This is the illustrative annual cost of an overdraft, stated as an annual rate, which takes into account how often arranged overdraft interest is charged to the account and does not include any other fees or charges.

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    Features and Benefits

    • As an Allied Irish Bank (GB) Business Current Account holder, you can apply for a Business Overdraft up to an agreed limit.

    • Cost effective lending - you only pay interest on the money you actually borrow.

    • Tailor-made terms – we look at your application on an individual basis and agree your credit limit.

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    How it Works

    • Business customers who meet the requirements of our financial assessment can apply.

    • Before offering your business a loan or credit facility, we will assess whether we feel you will be able to repay it.

    • All overdrafts are repayable on demand and subject to annual review.

    • To avoid additional charges you must arrange your business overdraft prior to being in an overdrawn position.

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    Fees and Interest

    • An arrangement fee may apply.

    • Interest is calculated and debited to the account quarterly.

    • Further information on interest rates, fees and charges is available from your local Business Centre.

    • Information on Business Banking fees & charges and terms & conditions are available by clicking on the links above.

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Talk to Us

Simply call +44 (0)345 600 5204 or visit your nearest Business Centre. We’ll be happy to answer any questions you might have about applying for a Business Overdraft with Allied Irish Bank (GB).

 

† Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.

Help and Guidance

 

Help Centre

For all service related queries please visit our Help Centre

Other Information

Availability of credit depends upon our assessment of your financial position. We encourage you to take independent legal advice to ensure that you understand your commitment and the possible consequences of your decision.

Please note that security may be required and overdrafts are repayable on demand.

 

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