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:

Location Monday-Friday Saturday Sunday/Bank Holidays
RoI Tel: 0818 365 365 8am-midnight 9am-6pm 9am-6pm
GB & NI Tel: 03457 365 555 or + 353 1 404 4000 8am-midnight 9am-6pm 9am-6pm
Outside these locations Tel: + 353 1 404 4000 8am-midnight 9am-6pm 9am-6pm

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 do I get my account in credit?

If your account is not above your intended limit you can transfer funds into your account by doing any of the following:

Alternatively you can reduce your overdraft when you next receive regular payments, such as wages from employer or pension payments.

Last updated: April 30, 2020

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