How do I reduce my overdraft?

You can reduce a personal overdraft with us over the phone or in your branch. To reduce an overdraft your account balance must be above what you want your new overdraft limit to be.

Reductions of overdrafts are permanent. If you require an increase to your overdraft in the future you must apply for an increase to your overdraft facility online.

My account balance is above my intended reduced overdraft limit

Once your account is above your intended overdraft limit call us on:

Republic of Ireland

• 0818 365 365
• + 353 1 404 4000 if calling from abroad

9am to 6pm Monday to Friday

9am to 5pm Bank holidays

Saturday 10am-2pm

Closed Sunday

Please note that your account must remain above your reduced overdraft limit during the cancellation process. Your account should remain above this limit for 24 hours to ensure this change takes place.

For example: for an overdraft of €1,000 and you wish to reduce this to €500 your account balance must stay above - €500 to allow this change to take effect.

• Branch cancellation

  You may also visit your local Bank of Ireland branch to reduce your overdraft.

  A written instruction can also be accepted by your branch by post. Allow extra time for postage and branch opening times; Ensure your account remains in credit for that period.

How to get your account into credit

If your account is not in credit, you can add money by:

• Making an own account transfer. You can do this using 365 Online or the mobile app.
• Taking money out of a deposit account (you might need to give us notice). Withdrawing from a deposit account.
• Transferring money from another bank using your BIC and IBAN.
• Paying money/lodgement in a branch (cheques take time to clear).

Alternatively, you can reduce your overdraft when you next receive regular payments like your wages or pension.