Cost Calculator
Our Cost Calculator is a helpful tool which will tell you the cost of going overdrawn on your personal current account.
Inputs for this calculator include:
An overdrawn amount occurs when you want to take more money out of your current account than what is in there.
An arranged overdraft limit can be 0 where you don’t want to or don’t have an arranged limit in place already or it could be an amount greater or less than the overdrawn amount above.
If you don’t arrange an overdraft with us and take more money out of your current account than what is there then this is known as an Unarranged Overdraft.
We may unpay direct debits / cheques and payments where you go into an Unarranged Overdraft and this means you will have to pay extra fees.The number of days in a row that you want to be overdrawn for this amount.
It’s best to agree an arranged overdraft amount with the Bank to make sure that your payments / direct debits and cheques are paid
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Tips on using our Cost Calculator
Example 1
- John doesn't have an overdraft agreed with the bank and doesn’t want to request an overdraft but wants to know what it might cost to go overdrawn on his current account for £50 for 10 days in a row – He puts £50 into question 1, puts £0 into question 2 and puts 10 into question 3
Example 2
- Jane has already arranged an overdraft with the Bank for £500 and wants to know what it might cost to go overdrawn on her current account within her arranged overdraft to £50 for 10 days in a row – she puts £50 into question 1, puts £500 into question 2 and puts 10 into question 3
Example 3
- Sinead has already arranged an overdraft with the Bank for £500 and wants to know what it might cost to go overdrawn on her current account to an amount greater than her arranged overdraft - to £750 for 10 days – she puts £750 into question 1, puts £500 into question 2 and puts 10 into question 3
Example 4
- Raj has an arranged overdraft of £200 and wants to know what it might cost to go overdrawn on his current account £500 for 5 days and then for £150 for 4 days. Raj would do two different calculations
- He puts £500 into question 1, puts £200 into question 2 and puts 5 into question 3
- He puts £150 into question 1, puts £200 into question 2 and puts 4 into question 3
- To get his total cost he should add the two answers together
Talk to Us
Simply call 0345 6005 925† or drop in to any AIB branch. We’ll be happy to answer your questions.
† Lines open: 9am to 5pm Monday - Friday (except on bank holidays). Calls may be recorded. Call charges may vary - refer to your service provider.
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Help & Guidance
Standards of Lending Practice
We adhere to the Standards of Lending Practice which sets standards for banks when dealing with lending and overdrafts for personal 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.
Help Centre
For service related queries, please visit our Help Centre.
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AIB Group (UK) p.l.c. is covered by the Financial Services Compensation Scheme, Financial Ombudsman Service and is a Registered Firm with The Lending Standards Board.
The AIB logo and AIB (NI) are trade marks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.