Use what you want, when you want

The major benefit of an overdraft is its flexibility. You can draw down as much as you need (within your limit), whenever you need to. There are no extra application processes to go through - once your overdraft is in place you can access it at a moments notice. You need only use it when you have to, saving you interest.

Automatic repayments (salary / account)

You can arrange to make automatic repayments either by payroll deduction, direct debit from your savings or transaction account, Internet or telephone banking. Setting up automatic repayments saves you time and enables you to avoid any late fees.

No loan interview

Submitting a loan application couldn't be simpler. You can apply online today and receive approval within 24-48 hours. No need to visit the branch for a loan interview.

Do I have to be a member to take out a loan?

Anyone can enquire or apply for a loan with us - you don't have to be a member at the time. You will need to become a member when you take out the loan. We are a mutual financial services organisation whose shareholders are its members, and you must be a member before you can take up a product or service with us.

Read more about becoming a member.

How much can I borrow?

The maximum amount you can borrow is dependent on your ability to meet your repayments.

How is the interest calculated on my account?

Interest is calculated daily on the amount of overdraft you are using and charged monthly

How long do I have to repay my balance?

An overdraft is a continuous credit contract which means as you pay it back you can redraw on it up to your agreed limit.

How do I make repayments to the account?

You can arrange to make your loan repayments either by:

• payroll deduction
• direct debit from your savings or transaction account
• Internet or Phone banking transfer
• at any of our branches or
• using Bank@Post

Learn more about these repayment methods.

How often will I receive information on my account?

Your statements are issued monthly. Duplicate statements can be requested at any time from our office (fees may apply - see Fee Schedule for Transactions and Miscellaneous Services.)

Account Balances and Statements are also available through our Internet and Phone banking services.

What security is required to take out on overdraft?

No security is required.