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Moving your Overdraft

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Before you start  |  Step by step guide  |  FAQs  |  Moving other products?

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.

Already have a Current Account with us? 

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.

Need a PTSB Current Account?

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.

Find out more about the documents you need to open your account, and how to switch your account.

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. 

To be eligible for an Overdraft, you need to be:
  • Minimum of 18 years of age
  • Resident in the Republic of Ireland
  • Have a minimum of six months continuous employment
To apply for an Overdraft, you will need:
  • Your PPSN
  • Proof of Income such as your last 3 months bank statements / recent payslip
  • Proof of Employment permanency if you‘ve been in your current job less than 12 months.
  • Proof of Immigration status if you are not an EU citizen
  • Tax Identification number (if you are a tax resident outside of Ireland)
  • Proof of ID and Address – If you are a new customer or an existing customer whose personal identification documents are not up to date, we will need ID and address documentation from you also.

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.

A step by step guide

Step 1: How to apply
Apply in app

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
Top tip
Make sure you have your PPSN to hand in order to apply

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.


Not registered for Open24 Online Banking?

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.

Step 2: Provide necessary documents for Overdraft

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.

How we contact you

We will call you on 01 0212 4251.

If we cannot reach you, we will send you a SMS. 

Please note:
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.

Step 3: What happens next?
  • Once your Overdraft is approved, we will contact you to let you know.
  • Your Overdraft will be applied to your Current Account and you will be able to access the funds immediately.
What do I do if I am not approved?

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.

Have a joint Current Account and need an Overdraft?
  • If you are existing customers with a Joint Current Account, you can call us on 0818 212 168 or +353 1 215 1352  and we can do your application with you over the phone. 
  • You can call us on 0818 50 24 24 to book an appointment with your local branch and one of our team will go through the application with you.
  • You will both need to attend the appointment and bring the required documents outlined above in order to complete your application.

Frequently asked questions

What is the minimum Overdraft amount?

Minimum Overdraft limit you can apply for is €500.00

What is the maximum Overdraft amount?

Maximum Overdraft limit is €30,000.00

What are the fees associated with an Overdraft?

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.

I am switching my Current Account to PTSB, will my Overdraft move to my new account too?

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.

I am switching my Current Account to PTSB, will I have to clear my existing Overdraft balance before I close it?

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.

Moving other products?

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. 

Current Account and Overdraft

A guide to moving your Current Account and Overdraft.

Current Account, Overdraft and Credit Card

A guide to moving your Current Account, Overdraft and Credit Card.

Overdraft and more products

A guide to moving your Overdraft and more products.


Find a way to switch that suits you.

Self Switch Switching guide
Overdraft benefits

Find out more about Overdraft benefits

Help and Support

Whatever your questions, we'll do our best to help you find the answers.

Other options

If you are an existing PTSB customer, you can call us on 0818 212 168 or +353 1 215 1352 and we can do your application with you over the phone.

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.

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