Overdraft Information

• An overdraft is a short-term way to borrow money via your current account. Overdrafts help when your finances get a little tight and offer peace of mind to you, as you know that you will have those extra funds at hand should you need them.
• You must have a HSSCU Current Account in order to apply for an overdraft.
• HSSCU can offer you an overdraft limits ranging from €150 up to €5,000. Subject to approval.
• The following limits apply;
  • For non-salary mandated applicants a maximum limit of €500 will apply (new and existing members).
  • Applicants who are members for 6 months or less and are salary mandated, a maximum of €1,000 will apply.
• The interest rate of HSSCU’s overdraft is 12% per annum, variable. Interest is only charged on overdrawn balances. Your credit union does not apply surcharge interest (this is charged by some financial institutions on unauthorised overdrawn balances).
• An overdraft facility fee of €25 per annum or per overdraft approval (whichever is the more frequent) will be applied.
• If you wish to proceed with an application, we will need you to supply 3 months up to date current account statements and a recent payslip. If anything further is required, the HSSCU lending team will contact you.
• Overdrafts are available to Current Account holders aged 18 years or older.
• Terms and conditions apply. Lending criteria, terms and conditions apply.

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