An Overdraft is a short-term borrowing that gives you an increase on available credit funds in your current account, that you may need from time to time.
Who can have an Overdraft?
MYCU Current Account holders, who are aged 18 years or over, can apply for an Overdraft, where it is available, of between €200 and €5,000
You can apply online through your Credit Union Online, if you are a registered user, or contact your Credit Union
An Overdraft set-up fee of €25 applies for a new or increased Overdraft
Annually renewed Overdrafts also incur a fee of €25
Interest is charged on overdraft balances at a variable interest rate, currently 12.00% p.a., whether there is an approved Overdraft facility on the account or not
We do not charge surcharge interest on MYCU Current Accounts
All Overdraft applications are subject to a credit assessment and are entirely at the discretion of the Credit Union. Lending criteria and terms and conditions apply.