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Getting an Overdraft

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  • 10-02-2009 8:11pm
    #1
    Glacier
    Closed Accounts Posts: 647 ✭✭✭


    I have never applied for an Overdraft before, I was just wondering what exactly is involved. I am not working at the moment but I could proove that I will have an income over the next few months. Will this work against me? Does anyone know? Thanks


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    #2
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    I'm with AIB. I called telephone banking on my lunch. THey transferred me through to the relevant dept. Took about 5 mins of questions on the phone. 2 days later I had it active on my account.


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    #3
    Glacier
    Closed Accounts Posts: 647 ✭✭✭Glacier


    5 mins of questions? Would it be easier to go into a Branch? I have a house that is on the market to be rented, if I could get a letter from the Agency guaranteeing that there would be income & also proof of savings & investments, would this work? Anyone know?


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    #4
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    This is the only way I've applied. I don't see how a bank would be quicker and given the time taken to get to the bank, find parking, queue up, etc etc I opted for the phone option.

    I really dislike banks so anything that can be done online or over the phone gets my vote.

    I guess the bank have their own internal credit scoring etc that you have to go through. I got my OD about 6 months ago maybe .. so not sure how things have changed more recently.


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    #5
    Glacier
    Closed Accounts Posts: 647 ✭✭✭Glacier


    Thanks. Any other help?


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    #6
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    Glacier wrote: »
    Thanks. Any other help?
    Don't ask for any more than you actually need .. it's dangerous when you start to treat your OD like you have money in your account.


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