An Overdraft is a credit facility on your Current Account which allows you to access funds up to an agreed limit above your actual balance.
So before you move your Overdraft to PTSB, you’ll need to have a PTSB Current Account.
If you already have a Current Account in your own name, you can apply for an Overdraft on it, if it is an eligible account. Basic Payment Accounts and Teen accounts are not eligible for an Overdraft.
You can apply for PTSB’s award-winning Explore Account by downloading the PTSB app and selecting the “Current Account Application” icon and following the instructions.
Once your Current Account is open and active and you've registered for Open24 Online banking, you can apply for an Overdraft in-app. Sole applications only.
Please see here for more information on each of these required documents.
Please Note: not all applications are the same and additional information may be required in certain circumstances. We’ll let you know as soon as possible if we require further information.
Lending Criteria, Terms and Conditions apply.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
If you are registered for Open24 online banking, you can log into the PTSB app, select the “Overdraft Application” icon and follow the instructions.
Your application can only be taken out in your sole name in-app and will be subject to a full credit assessment and affordability assessment.Log in to Open24
You will have to enter your PPSN when submitting your application in-app or provide it to us if applying over the phone or in branch. If we already have it on file, you will not have to provide it to us again. If approved, you will need to provide us with proof of your PPSN.
Please note: We cannot accept your Public Service card as proof of PPSN.
Find out more about documents we can accept.
If you are not registered for Open24 Online Banking or not yet a PTSB customer, you can make an appointment to pop into any of our branches and submit your application with one of our team. Call us on 0818 50 24 24, Monday to Friday (excluding bank holidays) 9am-5pm and 10am-2pm Saturday and Sunday, to make an appointment
*Government Stamp Duty of €30 applies to Credit Cards annually.
If you apply in-app, and we require any documents in order to progress your application we will ask you to upload them and provide you with a link. We will update you on your application via SMS. If we need to confirm anything with you, we will contact you by phone so keep an eye out for our call.
We will call you on 01 0212 4251.
If we cannot reach you, we will send you a SMS.
We will never ask for personal information via SMS or include a link within the SMS for you to click.
We will not make unsolicited calls and ask for security information or security passcodes.
If after receiving your application and providing all your documents, your application is not approved, we will ring you to let you know and explain why.
Lending Criteria, Terms and Conditions apply.
Minimum Overdraft limit you can apply for is €500.00
Maximum Overdraft limit is €30,000.00
A set-up fee of €25 applies (when the Overdraft is first used) and an annual renewal/review fee of €25 applies thereafter (will apply 12 months from the date that the set-up fee was deducted). Overdraft interest will apply. Lending criteria, terms and conditions apply. See here for information on set-up charges and interest rates.
An Overdraft will not move automatically to your new current account when you close your existing current account. An Overdraft is a credit product, this means you have to submit an application and PTSB has to assess that you have the means to repay the Overdraft.
If you have an Overdraft on your existing current account, you will need to ensure the balance that you owe, if any, is cleared before you close your account.
If you are not able to repay the balance before you close the account, you should first talk to your existing provider about the options available to you. Contact us on 0818 837 408 or 01 212 4022 to see how we can help.
Enjoy the convenience of having all your accounts in one place. You can move multiple products and we have detailed the best way to do this.
A guide to moving your Current Account and Overdraft.
A guide to moving your Current Account, Overdraft and Credit Card.
A guide to moving your Overdraft and more products.
If you are not registered for Open24 or not yet a PTSB customer, you can apply for an Overdraft in branch by calling 0818 50 2424 and making an appointment.