Flexibility of having extra funds when your business needs it.
Every business needs access to cash over and above its natural cashflow from time to time. A Business Overdraft allows you to go into an overdrawn position up to a pre-agreed limit. So you have peace of mind that extra funds are available outside your normal cash flow, should you need them.
All businesses with a current account are eligible to apply for a business overdraft. All applications will be assessed on their own merits.
To apply for a business loan or business overdraft, your company must be incorporated and registered in the UK.
(other overdraft amounts available at alternative rates)
Standard Tariff Unsecured Business Overdrafts of £5,000 will be charged at 9.11% EAR (variable). Charges may apply. An arrangement fee will be charged of normally 1% of agreed facility (minimum £50).
*Effective Annual Rate of Interest (EAR): This is the illustrative annual cost of an overdraft, stated as an annual rate, which takes into account how often arranged overdraft interest is charged to the account and does not include any other fees or charges.
Business overdraft terms and conditions are available on request. Applicants must be 18 years or over and resident in the UK. As a responsible lender AIB (NI) will only lend money based on our assessment of your ability to repay. Written quotations available on request.
Simply call 0345 6005 925† or drop into any AIB branch. We’ll be happy to answer any questions you may have about applying for a business overdraft.
† Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.
We adhere to the Standards of Lending Practice for Business Customers which sets standards for banks when dealing with lending and overdrafts for business customers. You can get more information on the Standards from any branch or at www.lendingstandardsboard.org.uk. Under the Standards we have also developed a Statement of Lender and Borrower Responsibilities to ensure that the relationship works well for both of us.
A financial and budgetary tool to help manage your business cashflow.