Find out how to apply for an Overdraft


An overdraft is a short-term revolving credit facility that you can apply to your current account.

If you have an overdraft of €1,000 it means you can then spend up to that amount even if you have no money in your account. And Interest is only charged on what you spend.

The maximum overdraft you can apply for is €5,000 and you must have your salary mandated into your First South Credit Union Current Account.

A Cushion

Can help in months where things get a little tight e.g. if you receive a higher than expected bill and need a bit longer to repay it.

Only Pay For What You Use

The great thing about our overdraft is that you only pay interest on the outstanding balance.

Revolving Facility

Overdrafts are normally sanctioned for a period of 12 months. If you use your account within the overdraft limit we agree with you then we may automatically renew it.

How to apply

How To Apply

Register Online Members can apply online. Not a member yet? Join online in minutes. Alternatively you can apply over the phone or pop into a branch.

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∗Terms & Conditions Apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required. An overdraft facility fee of €25 per annum or per overdraft sanction, whichever is the more frequent will be applied.

All figures given on this website are for your general information only, and give a rough guide to loan repayments. Any statements on this website do not purport to be authoritative or legally binding. You are advised to check with our offices for up-to-date rates and offers.

If you would like more information on applying for an overdraft with First South Credit Union please contact us today.

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