With our Current Account, you can apply for an overdraft facility up to €5,000.

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.


  • No hidden charges
  • A cushion to supplement your income
  • No fees for early repayments
  • Gives you flexibility with your finances
  • Only pay for what you use
  • Revolving Facility

The great thing about our overdraft is that you only pay interest on the outstanding balance. If you have an overdraft limit of €1,500 but only use €100 of this, then you only pay interest on €100.

For more information on fees and charges please see the Schedule of Fees and Charges information booklet available for download here. 

∗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.