An overdraft is a short-term way to borrow money on your current account and 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.

You can apply for an overdraft on your Current Account from €200.00 up to a maximum of €5,000.00.

The interest rate is 12% pa variable. Interest is only charged on overdrawn balances. Your credit union does not currently apply surcharge interest (surcharge interest is charged by some Financial Institutions on unauthorised overdrawn balances).

An overdraft fee of €25.00 is charged on approval and on each anniversary of the overdraft approval date.

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.

Where a member has held a loan with Athenry Credit Union within the last 36 months we only require proof of monthly income i.e. 1 Payslip, Social Welfare documentation, last set of Audited Accounts (where Self-Employed) etc..

Where a member has not held a loan with Athenry Credit Union within the last 36 months we require 2 months bank statements (most recent) in addition to proof of income i.e. 1 Payslip, Social Welfare documentation, last set of Audited Accounts (where Self-Employed) etc..

Up to date I.D. and proof of address must have been provided in the last 24 months. Please see CDD Documentation requirements by clicking here.